In: Accounting
What is Tacit Knowledge management?
Knowledge is shared from spoken or written words but there are
some knowledge that cannot be transferred through words. There is
Knowledge which is gained not from reading but from experience.
Such knowledge gained from personal experience is called Tacit
knowledge. It is the skill , ideas and knowledge gained through
experience that cannot be codified but can be showed by being
involved through personal contact, regular interaction and building
of trust instead of simply reading about it.
In management, tacit knowledge is the knowledge that is gained by a
manager through his years of experience as a result of which he is
able to take over various responsibilities as are expected from a
manager and also carry them out efficiently. When a person wants to
learn such tacit knowledge then instead of codified knowledge, they
learn by being personally involved with the manager in his work
such as an apprentice. Tacit management knowledge is a chellenge.
As a person works in a place, they built they tacit knowledge and
when they leave, their tacit knowledge goes with them. This is the
reason, managers in high post are required to give a notice of few
weeks before leaving, so that their replacement can shadow them and
try to learn their tacit knowledge by being personally involved
because such tacit knowledge gained from personal contact and
experience is difficult to articulate, write down or deliver in a
tangible format. The challenge in productively managing tacit
knowledge is the key for organizations to succeed by gaining a
competitive advantage. Any person can read and follow rules, code
of ethics, guidelines but ultimately it is the tacit knowledge of
the way things are done in management which is beneficial to the
company.
(If there are any questions or issues, kindly let me know in comments. If the solution is to your satisfaction, a thumbs up would be appreciated. Thank You)