Briefly Define "Explicit Knowledge" and "Tacit Knowledge," and Provide an Example

question 31

Essay

Briefly define "explicit knowledge" and "tacit knowledge," and provide an example for each.

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Definitions:

Organizational Interests

Encompass the aims, goals, or objectives that an organization seeks to achieve.

Clan Control

An approach to management and organizational control that relies on cultural norms, values, shared goals, and informal relationships rather than formal rules.

Internal Control

Processes and procedures implemented by an organization to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Sarbanes-Oxley Act

A United States federal law enacted in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures.