Because knowledge management is central to how well a firm functions, it is important to know that knowledge is:
A)Critical to the firm only if it is explicit knowledge.
B)Implicit if it can be written down to be transferred.
C) Explicit if its acquisition requires hands-on practice.
D) Harder to transfer and learn if it is implicit.

Question

Because knowledge management is central to how well a firm functions, it is important to know that knowledge is:
A)​Critical to the firm only if it is explicit knowledge.
B)​Implicit if it can be written down to be transferred.
C) ​Explicit if its acquisition requires hands-on practice.
D) ​Harder to transfer and learn if it is implicit.

Quizplus · Accepted Answer

Implicit knowledge is harder to transfer and learn compared to explicit knowledge because it tends to be personal and subjective, and often requires direct experience and interaction. Explicit knowledge, on the other hand, can be codified and transmitted through written or verbal means. Therefore, firms need to pay particular attention to the management of implicit knowledge in order to fully harness the knowledge assets of their employees.

Because Knowledge Management Is Central to How Well a Firm