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What is knowledge (individual, group, organizational) and how does knowledge acquire value in an organization?

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Knowledge is intellectual capital and comes in many forms; individual, group and organizational, to name a few. As an organization acquires knowledge, they become stronger in many areas and are able to make better decisions moving forward with regard to strategy and vision.

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This solution discusses knowledge as intellectual capital. The explanation is over 350 words with two references.

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"Knowledge is a familiarity with someone or something, which can include facts, information, descriptions, or skills acquired through experience or education" (Wikipedia, 2013, para 1).This is a collective grouping of skills and acquired information that an individual possesses due to formal education, personal endeavors, and life experience. It can be implicit or explicit and the acquisition of knowledge involves complex cognitive processes (Wikipedia, 2013). An example of an individual or group knowledge might be having a group of highly experienced technology-based individuals who can bring value to a particular project that is heavy on the technology side.

Knowledge at an ...

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