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Tacit Knowledge
Knowledge gained from personal experience and contextual insights, which is difficult to formally document and transfer.
Explicit Knowledge
Information or knowledge that is formally articulated, documented, and easily communicated or transferred to others.
Escalation Of Commitment
The phenomenon where individuals or organizations continue to invest time, money, or resources into a failing project, decision, or endeavor.
Losing Ventures
Businesses or projects that fail to generate a profit or achieve their intended outcomes, often leading to financial loss or closure.
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