Dear friends, colleague and professionals I request you all to give valuable inputs to my Question, How business knowledge can exist on several different levels.
I will be highly thankful for your academic support.
Knowledge possessed in groups but is not shared with others in the organization. Companies in general consist of communities which are associated and, linked together by common practice. All these communities of practice have common values, pro lingual, plans, procedures, uses, and knowhow and many other similarities. All these groups and community knowledge are source of learning and repository for tacit, explicit and embedded knowledge.
Business knowledge is fragmented and exists at various levels .It can be classified as formal and informal. Informal and formal both exists in minds of various practitioners and also in documented form like journals, articles in magazines, books, tables and data handbooks and code of practice, for example Hand book of mechanical engineers. The organizations and their libraries hold lot of knowledge of both general interest and specific product /service/skills. The knowledge is also lying stored in files and documents, trade correspondence and literature of various companies and governments .Presently knowledge has been digitized but not more than 20% of vast pool of knowledge accumulated globally since millennia. Many forms of knowledge are graphic, paintings, sketches , drawings, pictures, videos and even inscriptions in buildings and caves. Human mind is biggest storehouse of past and current knowledge and research work currently going on. Hence knowledge is existing at various levels. It is held Private in hands and minds of individuals, organization level, government level, libraries & museums and various types of laboratories. Knowledge also exists in journals and magazines and is widely scattered and accessible. It is big task to manage knowledge . There is explosion of it, and data called big data. Lot of knowledge is locked in files and documents of organizations and hardly used or noticed by employees. Those organizations which have robust systems to acquire, process and store data and knowledge in usable form are successful. Knowledge and money both if unused are worthless like pile of waste paper or mud. Today we have problem also of recycled garbage due to publish or perish system of academics. In this, garbage created by one scholar is referred and cited and cycled further by other academicians. I call it garbage recycling theory. It generates bulk of worthless and repetitive information in journals
In addition to the previous helpful comments, I suggest a brief review of the multiple perspectives methodology to shed light on your question. Reference: Multiple perspectives analysis for integrating technology into a business: A knowledge systems case study - ScienceDirect https://www.sciencedirect.com/science/article/abs/pii/004016259190004Y
Knowledge exist in tacit and explicit forms at different levels of the organisation.
1. Tacit knowledge
Exist in the minds of ordinary individuals, experts & groups who generally possess unique qualities/characteristics that are impactiful to problem solving, developing new dimensions and/or perspectives towards current and future business models. Most break through research, creative thinking and innovation is motivated by tacit knowledge and exploration.
It needs to be reduced or transferred to explicit form through research publications, reports, development or update of new procedures and/manuals and any other form of documentation that make it accessible for the benefit of organisation the organisation and society in general. The desire and motivation for this form of knowledge transfer generally requires motivation of, and incentives for the individuals/groups who possess such knowledge otherwise at one point it walks out through the door or dies in the minds of the hosts.
2. Explicit knowledge
It is embedded in policies, directives, procedures, e-and physical manuals, checklists, company & industry publications,email and physical mail correspondence, journals, magazines, professional & industry guidelines,reports, minutes, recordings and even in organisational artifacts. Part of it requires conversion to easily accessible format, proper storage and referencing. It also requires proper filing and accessible storage to allow easy referral and retrieval.
Organizational knowledge is valid, it is part of all organizations, from the management point of view, in the objectives, mission, vision and values, in the operational part and finally in the achievement of benefits.
How Business knowledge can exist on several different levels? Dear friends, colleague and professionals I request you all to give valuable inputs to my Question, How business knowledge can exist on several different levels.
Business knowledge can exist on several different levels due to the complex and multi-faceted nature of the business world. Some examples of the different levels of business knowledge include:
Industry-specific knowledge: This refers to knowledge about the specific industry or sector in which a business operates. For example, a business that operates in the healthcare industry will need to have knowledge about the latest medical technologies, regulations, and trends in the healthcare sector.
Functional knowledge: This refers to knowledge about specific business functions, such as marketing, finance, or operations. For example, a marketing professional will need to have knowledge about consumer behavior, market research, and marketing strategies.
Strategic knowledge: This refers to knowledge about the overall direction and goals of a business. This includes understanding the business's mission, vision, and values, as well as the strategies and tactics that the business uses to achieve its objectives.
Leadership knowledge: This refers to knowledge about how to effectively lead and manage a team or organization. This includes understanding how to motivate and inspire employees, as well as how to create a positive and productive work environment.
Entrepreneurial knowledge: This refers to knowledge about how to start and grow a business, including understanding how to identify business opportunities, develop a business plan, and secure funding.
In summary, business knowledge can exist on several different levels, depending on the specific focus of the business and the needs of the individuals working within it.