Unlocking Tacit Knowledge: The Key to Successful Knowledge Management Strategies.
The article discusses how to manage knowledge effectively, especially the tricky task of handling tacit knowledge. It reviews the work of economists who study turning knowledge into information through codification. The economists have a model called the knowledge transaction topography to explain this process. The article looks at the theories behind the economists' ideas and evaluates them critically. It focuses on when it's best to turn knowledge into information and weighs the pros and cons of codification. The main findings highlight the challenges of knowledge management, reasons for project failures, and potential issues with using codification as a strategy.