Question

1. Which of the below are tacit knowledge?

1. Negotiation skills
2. Writing a book
3. Painting an artwork
4. All of the above
5. None of the above

Answer:

2. In today’s knowledge-based economy, what gives competitive advantage?

1. Having huge buildings and machinery
2. Having intellectual assets
3. Using knowledge assets
4. All of the above

Answer:

3. If knowledge asset is not of any value to your organization anymore, what would you do with it?

1. Archive it
2. Divest it
3. Discard it
4. All of the above

Answer:

4. If an organization has decided to store knowledge of its employees, what should it do?

1. Documentation and generalization
2. Documentation and categorization
3. Categorization and generalization
4. All of the above

Answer 1

Answer 1) b. Writing a book

Writing a book is a tacit knowledge because this type of knowledge cannot be transferred to another person through verbally or writing it down.

Answer 2) c. Using Knowledge assets

In today's knowledge-based economy, competitive advantage is due to using of knowledge assets.

Application of knowledge is proved in areas of entrepreneurship, innovation, Research and Development (R&D), people's education and skills which leads to a competitive advantage in the global economy.

Answer 3) c. Discard it

If knowledge asset is not of any value to the organization anymore, it needs to be discarded. As the assets are of no value then they are no longer useful and desirable to the organization.

Answer 4) a. Documentation and generalization

Knowledge of employees of an organization can be stored by documentation and generalization.

Tacit knowledge and Explicit knowledge are the knowledge assets in the organization of employees that can be documented in the form of reports, databases, documents.