Competitive advantage and human resource treasures; the perils attached with ignorance of tacit knowledge in 21^st century

The knowledge possessed by a person is an abstract phenomenon. The endeavor to manage knowledge in terms of creation and development needs cautious treading by the organizations. The aspiration of the knowledge owner is often implicit and hence the challenge lies in fathoming the minds and taking appropriate steps to capture the knowledge. There are three different types of knowledge; explicit, tacit and contextual. Contextual is objective specific and short-lived. Explicit knowledge is often a materialized form of tacit one. Hence, tacit knowledge is the epicenter of all the other forms. In order to harness the same needs multifarious change in the mindset and outlook of the managers at the helm of Knowledge Management. The role of government can be understood is also to be understood from various perspectives in fostering knowledge creation and its utilization. However, the most disturbing truths of organizations in knowledge management are hardcore patriarchal mindset and imitational culture at the top and middle level.