Saturday, February 8, 2020

McKinsey case study Essay Example | Topics and Well Written Essays - 2000 words

McKinsey case study - Essay Example An organization can get competitive advantages in the market than other competitors by applying knowledge management efforts. It also helps to do more improved and innovative performance. Sharing of knowledge is a major part of knowledge management system which can overlap the traditional learning procedure. In this regard SECI model can be used by any organization to handle its knowledge management system in a better way. The model is mainly focusing on the tacit knowledge and explicit knowledge. In this model four modes of knowledge conversion are identified. These modes are Socialization, Externalization, Combination and Internalization (Becerra-Fernandez and Leidner, 2008). This model is describes as follows. 1. Socialization [Tacit to Tacit] – In this mode knowledge is passed on through practice, observation, guidance and imitation. Tacit knowledge is such kind of knowledge that is difficult to transfer to another person by verbalizing it or by means of writing it down. Here social interaction is an example of tacit to tacit knowledge transfer system. Sharing knowledge through face to face or through experience both come under this mode. Meeting, conference etc are the examples of socialization in which people can get knowledge through sharing experiences. This kind of knowledge sharing system is time and space specific and also difficult to formalize. 2. Externalization [Tacit to Explicit] – In this mode tacit knowledge is transformed or coded into manuals or documents so that it can distribute in a easier way throughout the organization. Every employee of a certain organization can get access of knowledge through this system. Here tacit knowledge is coded into explicit knowledge. Explicit knowledge means such kind of knowledge that is codified, articulated, expressed, stored in certain media and readily transmitted to

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