Knowledge Management Principles

Running Head: KNOWLEDGE MANAGEMENT
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Knowledge Management
Knowledge Management Principles
(Student details :)
4/25/2019

Knowledge Management
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Knowledge Management Principles
Solution 1
As per the scenario, I am considering that I need to buy a new brand Holden Commodore. In
this context, when I tried to gather explicit as well as tacit knowledge for buying Holden
Commodore car from different resources, then I got to know the significance and difference
amid two types of knowledge management tactics.
In this context, there are two main types of knowledge those are central to knowledge
management (KM) as follows:
 Explicit knowledge
 Tacit knowledge
Here, explicit knowledge is all about knowing-that which means that the knowledge digitized
or codified within academic books, documents, memos or reports is known as explicit
knowledge. In other words, this KM tactic provides a documented info which can further
facilitate actions in real-time. Besides, explicit knowledge can be easily found, articulated,
shared as well as employed whenever required (Hislop, 2011).
On the other hand, tacit knowledge is all about knowing-how of the situation. Moreover, any
knowledge embedded within the human minds from their experiences and job places is
known as tacit knowledge (Health Knowledge, 2018). In addition, a person’s wisdom and
experiences, which is context-specific and difficult to be codified and extracted is often
termed as tacit knowledge. Hence, a tacit KM tactic includes an individual’s intuitions and
insights, which he or she can apply during their daily life (Baloh et al., 2017).
Now, in this given scenario when I considered buying new Holden Commodore car and I
gathered tacit knowledge and explicit knowledge on buying Holden Commodore cars from
various resources like the annual car reviews list, Holden Web site, family members and
friends I have gained many findings. In this way, here I am listing the main findings with
their source of knowledge (tacit or explicit):

Knowledge Management
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 When I accessed the Holden Company’s official website then I got to know about the
whole range of the Holden cars and hence Commodore is a series of Holden cars (GM
Holden, 2019).
 Moreover, there are three categories of Holden Commodore cars include Commodore,
Commodore Tourer and Commodore Sportwagon. The latter two are upgraded
versions of Holden Commodore cars (GM Holden, 2019).
 Besides, if I am willing to buy Holden Commodore’s basic series then it is further
having following models:
 Commodore LT
 Commodore RS
 Commodore RS-V
 Commodore VXR
 Commodore Calais
 Commodore Calais-V
In this way, by accessing the website I could easily differentiate among various Commodore
Models of Holden Commodore cars with the help of their all-inclusive features, price and
comparison (GM Holden, 2019).
In this way, while gained both the explicit and tacit knowledge about the Holden Commodore
cars through different ways, I found the explicit way of gaining knowledge about the car
more useful as vast knowledge about these cars, customer reviews and detailed experiences is
available over the internet as well as academic journals. In this way, with the help of GM
Holden Ltd. Website and other resources I could decide over which model I want to purchase
from Holden Commodore cars (GM Holden, 2019).
Solution 2
Community of Practice (herein after referred as CoP) is a kind of environment where
connection of different people, sharing of experiences and ideas is usually encouraged
(Omotayo, 2015). In addition, CoP is a wide network of people having common issues or
interests and hence they get together for exploring a number of ways of working for getting
the solutions. Besides, in CoP people typically identify common resolutions as well as share
innovative ideas and practices (Gao et al., 2015). Apart from this, a CoP enables an
individual for the following knowledge management practices: