Ideas for Creation of Knowledge: Strategic Options for the Organization

Abstract

This paper traces various strategic ideas for creation of knowledge to attain competitive advantage by organization. Knowledge (both implicit and explicit) is created through dynamic interactions among individuals, the organization, and the environment. The key factors create tacit or implicit knowledge and are practical experience through application of talents, transformation through conversation, escapes observation and evaluation of various actors and forces in a particular situation, embedded in stories and narratives, held within self through understanding and judgments, through experiment, using insights and understandings of individuals and their judgments and so on. Extracting knowledge from within the employees, creation of knowledge culture, interaction among virtual teams, connection

between knowledge and organizational learning, encouraging communication, face-to-face and synchronous conversation, apprenticeship and training, contacting expert, sending email, transcribing talks, team intersection are the major options for the creation of explicit knowledge. However, in utilizing these strategic options, manager should maintain cohesion among all the variables and a consideration of contingency to make the knowledge creation process a fruitful one.