Define tacit and explicit knowledge. In what ways are they different and also how are they the same?

What will be an ideal response?


Definition: Explicit or codified knowledge is knowledge that individuals and organisations know that they have – objective, formal, systematic, incorporated in texts and manuals, and relatively easy to pass on to others at a low marginal cost. Virtually all knowledge stored in IT-based databases and systems is explicit. In contrast, tacit knowledge is personal, context specific, and hard or perhaps even impossible to formalise and communicate. Individuals may not even be conscious of the tacit knowledge they possess. Tacit knowledge often underlies complex skills and is built on the intuitive feel acquired through years of experience.
Same: Explicit, often can be articulated clearly in words and stored in computer databases and other relatively standardised means of record-keeping.
Different: Implicit, often hard to articulate, not easily communicated using standardised records or databases. Expatriates and person-to-person interaction have often been used to transfer tacit knowledge and skills. They remain the main ways of sharing tacit knowledge across boundaries.

Business

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Which of the following is true regarding an oblique strategy?

A) It is based on extensive competitor knowledge but little or no customer knowledge. B) It leverages a knowledge advantage with respect to customers and competitors. C) It involves making a direct attack on a competitor's position. D) It is an overreaction to competitor moves due to limited customer knowledge. E) It is an overreaction to customer demands due to limited customer knowledge.

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Business