Questions: What is the term for the ability of organizations to recognize, assimilate, and apply new knowledge? a. tacit knowledge b. stored capacity c. explicit knowledge d. absorptive capacity

What is the term for the ability of organizations to recognize, assimilate, and apply new knowledge?
a. tacit knowledge
b. stored capacity
c. explicit knowledge
d. absorptive capacity
Transcript text: What is the term for the ability of organizations to recognize, assimilate, and apply new knowledge? a. tacit knowledge b. stored capacity c. explicit knowledge d. absorptive capacity
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Solution

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Answer

The answer is d. absorptive capacity

Explanation
Option a: Tacit knowledge

Tacit knowledge refers to the know-how or skills that are difficult to transfer to another person by writing it down or verbalizing it. It is personal and context-specific, often acquired through personal experience and involves intangible factors such as personal beliefs and values. This does not relate to an organization's ability to recognize, assimilate, and apply new knowledge.

Option b: Stored capacity

Stored capacity is not a recognized term in the context of knowledge management or organizational learning. It does not pertain to the process of recognizing, assimilating, and applying new knowledge.

Option c: Explicit knowledge

Explicit knowledge is knowledge that can be easily articulated, written down, and shared. It is the opposite of tacit knowledge and includes things like manuals, documents, and procedures. While it is a form of knowledge, it does not specifically refer to the process of recognizing, assimilating, and applying new knowledge.

Option d: Absorptive capacity

Absorptive capacity is a concept that refers to an organization's ability to recognize the value of new information, assimilate it, and apply it to commercial ends. It is a critical capability for organizations to innovate and adapt to changing environments. This term directly relates to the ability described in the question.

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