Knowledge management depends on two major categories of knowledge: explicit knowledge and tacit knowledge. Explicit knowledge is codifiable. It can be written down and transferred with little loss of richness. Virtually all of the knowledge captured, stored, and transmitted by IT is explicit. Tacit knowledge is non-codifiable, and its acquisition and transfer require hands-on practice.
Further, tacit knowledge is evidently more significant and more difficult to transfer and learn; and it can only be acquired through learning by doing (OJT). Therefore, from a resource-based view, explicit knowledge captured by IT may be strategically less important. What counts is the hard-to-codify and hard-to-transfer tacit knowledge (Peng, 2014). Additionally this section focuses on an integration-responsiveness framework centered on the pressures for cost reductions and local responsiveness. Further, the section discusses the four strategic choices and the four corresponding organizational structures that MNEs typically adopt (Peng, 2014).
Assignment Requirement
In this age of globalization, some gurus argue that all industries are becoming global and that all firms need to adopt a global standardization strategy.
Research at least 5 scholarly articles and defend your position with an agreement or disagreement to the above statement. Identify the strengths and weaknesses of the literatures you have reviewed and provide recommendation for future research based on your findings.
Support your paper with at least five (5) scholarly resources. In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included. Your paper should demonstrate thoughtful consideration of the ideas and concepts that are presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards.
