Menu
Jan
28

Click here to learn about Juice’s conversation training program, The Power of Conversation!

When your best employees leave your company, they often take a great deal of valuable tacit knowledge with them.

Tacit knowledge is experience-based knowledge—uncodified information that can’t be communicated on intranets or in procedural manuals.

It’s about knowing things like:

  • The best practices of your star salespeople
  • The practical organizational shortcuts necessary to really get the job done effectively
  • Ideas about why your competitors are doing so well
  • The intuition of someone who is particularly skilled at a specific task

In fact, tacit knowledge is so valuable that many believe it to be more critical to organizational success than technical proficiency.

Here’s why: research shows that tacit knowledge has the power to increase the quality of people’s work, make decision-making go more smoothly, and improve the accuracy of task performance.

Transferring tacit knowledge

Every month in the U.S., approximately four million people leave their jobs. Many of them are baby boomers leaving en masse.

As a result, we’re seeing companies scrambling to find ways to capture as much organizational knowledge as they can.

They’re using formalized information hubs like databases and internal training seminars—which are great for communicating how incoming employees can technically do their jobs.

But when it comes to transferring tacit knowledge from one employee to another, organizations are often at a loss for how to do it.

It’s all about conversation

According to this 2012 study published in the International Journal of Business and Social Science, face-to-face social interaction is an incredibly effective way to disperse tacit knowledge. However, this face-to-face social interaction must be supported by an environment of trust and openness in order to be effective.

At Juice, we believe conversation is the operating system that drives all applications in an organization: including the ability to transfer tacit knowledge.

Why? Because conversation is unique in its ability to communicate nuances like “If you call Harry on Monday morning at 10 a.m., he’s going to be in a much better mood than if you call him Wednesday at 4 p.m.”

After all, where else are you going to access small but important tidbits like that?

To effectively pass on tacit knowledge, it really has to be done in a conversational context—that is, two (or more) people verbally communicating, sharing, being honest and direct with one another.

Companies have documents, document databases, intranet websites and groupware—but human interaction is by far the most important channel for transferring knowledge.

Organizations that build an operating system encouraging employees to communicate tacit knowledge to one another through quality conversations will be the ones that continue to benefit from this intangible asset.  

Learn how Juice Inc.’s The Power of Conversation, can increase your organization’s access to tacit knowledge.

Sort by Author

Brady Wilson

Brady Wilson

Co-Founder of Juice Inc, Thought Leader & Author

Alex Somos

Alex Somos

Co-Founder of Juice Inc.

Jean-Francois (JF) Hivon

Jean-Francois (JF) Hivon

Vice President, Business Development

Michael Torrie

Michael Torrie

Business Development, Juice USA

Juice Inc.

Juice Inc.

Posts from the team

Rick Boersma

Rick Boersma

Co-Founder Floworks Training, Design & Innovation