A REVIEW ON THE IMPACT OF KNOWLEDGE ADMINISTRATION ON THE MANAGEMENT OF TACIT KNOWLEDGE.

Abstract

The primary goal of this research is to identify effective strategies for managing tacit knowledge. While this study does touch on knowledge management in general, its main goal is to shed light! When it comes to gathering and using tacit information, companies have significant challenges due to the transient nature of tacit knowledge and the fact that it is based on people’s experiences, ideas, and perceptions. By looking at several ways that organisations might find, collect, and exchange tacit knowledge, this study proves that tacit knowledge is a valuable asset for innovation and competitive advantage. This work has developed a comprehensive paradigm for understanding and managing tacit knowledge by using principles from cognitive psychology, organisational behaviour, and information science. Using survey data, this empirical research determines the most effective methods for tacit knowledge management. Most importantly, we talk about how leadership can create an environment that is conducive to knowledge generation and transfer, the importance of organisational culture in relation to information sharing, and the part that technology plays in making tacit knowledge transfer possible. Reluctance to share information, trust challenges, and the difficulty of codifying tacit knowledge are among the many obstacles and barriers that are considered. Businesses may greatly benefit from the insights and ideas provided by this research, which aims to enhance their knowledge management practices. Because of this, they were able to improve their learning and innovation capacities, giving them an advantage in a knowledge-based economy.