Explicit Knowledge and Tacit Knowledge Represent the "Know How" That

question 49

True/False

Explicit knowledge and tacit knowledge represent the "know how" that an organization has available to use, invest, and grow.

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Definitions:

Compromise Decision

A resolution or agreement reached by each side making concessions, especially in a legal or business context, to settle a dispute or disagreement.

Mediation

A type of intensive negotiation in which disputing parties select a neutral party to help facilitate communication and suggest ways for the parties to solve their dispute.

Alternative Dispute Resolution

A range of processes, such as mediation or arbitration, designed to resolve disputes without formal litigation.

Arbitrators

Individuals appointed to settle disputes in an arbitration process, making decisions that are usually binding for all parties involved.