Knowledge Creation Theory

Knowledge Creation Theory explains how organizations develop new knowledge through the interaction of individuals and social processes. It highlights that knowledge isn't static but emerges from the ongoing exchange of ideas, experiences, and insights. This process often involves converting tacit knowledge (personal, hard-to-express) into explicit knowledge (documented, easily shared) and vice versa. The theory emphasizes that innovation and learning happen through collaboration, dialogue, and reflection, enabling organizations to adapt, grow, and stay competitive. In essence, it's about understanding how new ideas and expertise are continually generated and refined within a social and organizational context.