GENERAL KNOWLEDGE

GK

BUSINESS MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Capturing and managing tacit knowledge is important to a business because all employees possess personal ____ and ____ that may be used to improve the business’s processes.
A
Codes, drive
B
Agendas, finance
C
Wisdom, expertise
D
Ambition, characteristics
Explanation: 

Detailed explanation-1: -It Allows You to Learn from Others’ Experiences. The beauty of tacit knowledge sharing is that it addresses knowledge gaps and lets you learn from others’ experiences. When you open yourself up to others’ points of view, you gain the knowledge to improve your business and its practices.

Detailed explanation-2: -Capturing, storing and sharing your employees’ knowledge and experience increases your workforce’s overall knowledge, improves efficiency and protects your intellectual capital without siloing it. Effective knowledge management platforms empower teams to find innovative solutions and win more business.

Detailed explanation-3: -Externalization is the sub-process through which an organization captures the tacit knowledge its workers possess so that it can be documented, verbalized and shared. This is a difficult process because tacit knowledge is often difficult to articulate.

Detailed explanation-4: -Encourage a knowledge-sharing culture. The best way to capture tacit knowledge is to encourage employees to share what they know rather than keep it to themselves. Deliver hands-on learning. Tacit knowledge is often difficult to experience through words alone. Make it easy to share. 20-Dec-2022

There is 1 question to complete.