A major challenge for businesses that rely upon individual,tacit knowledge is that,unless that knowledge can be systematized and embodied in standardized processes,the growth prospects of the business are limited.

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Tacit knowledge refers to knowledge that is difficult to formalize, codify, or transfer to others. This type of knowledge often resides in the minds of individual employees and is not easily captured or systematized. Therefore, businesses that rely on tacit knowledge face the challenge of how to transfer that knowledge to others within the organization or to new hires. If this knowledge cannot be systematized and embodied in standardized processes, the growth prospects of the business are limited.

A Major Challenge for Businesses That Rely Upon Individual,tacit Knowledge