Answered Essay: Describe the relationship between social networks and tacit knowledge within organizations

Describe the relationship between social networks and tacit knowledge within organizations. Conduct a cost benefit analysis of social networks within organizations and provide your overall view point on social networks.

Expert Answer

Tacit knowledge is the knowledge which resides within an individual in the form of experience, know-how, personal insights and so on. It is the most significant part of the human knowledge. Tacit Knowledge plays an important role in improving individual and organizational productivity and competitive advantage. For example, it is perceived as an important asset in improving quality of work, decision making, organization learning, productivity, competitiveness, serving customers, producing goods, accuracy of task performance, and lastly, having tacit knowledge is a major time saving for individuals and organisations.

Social networks within an organization plays a major role in improving the tacit knowledge among the people. More the people socialize, more the people communicate, better will be the knowledge sharing. Because, communication is a very important aspect of knowledge sharing. Apart from that, connectivity also plays a major role. Connectivity is the main feature of social network, which enables people to stay connected with each other easily in a real-time. Hence, Social networks has a prominant role to play increase and improve on the Tacit knowledge within the organizations.

2) Cost benefit analysis is a systematic approach in estimating the strengths and weaknesses of alternatives (for example in transactions, activities, functional business requirements or projects investments). It is used to determine options that provide the best approach to achieve benefits. Most of the social networks have significant influence on the success of the organization.

When workforce connect and communicate with each other in a way such that it creates a positive affect on the organization, then that improves the way people work in coherence and organizations create a positive culture within itself. But when social networks within the organizations do not coexist, or if the organization does not have a positive culture, then it results in having a gap between them which may have negative affects and which will ultimately result in cost due to not-so-positive or not so useful social networks.

Buy Essay
Calculate your paper price
Pages (550 words)
Approximate price: -

Help Me Write My Essay - Reasons:

Best Online Essay Writing Service

We strive to give our customers the best online essay writing experience. We Make sure essays are submitted on time and all the instructions are followed.

Our Writers are Experienced and Professional

Our essay writing service is founded on professional writers who are on stand by to help you any time.

Free Revision Fo all Essays

Sometimes you may require our writers to add on a point to make your essay as customised as possible, we will give you unlimited times to do this. And we will do it for free.

Timely Essay(s)

We understand the frustrations that comes with late essays and our writers are extra careful to not violate this term. Our support team is always engauging our writers to help you have your essay ahead of time.

Customised Essays &100% Confidential

Our Online writing Service has zero torelance for plagiarised papers. We have plagiarism checking tool that generate plagiarism reports just to make sure you are satisfied.

24/7 Customer Support

Our agents are ready to help you around the clock. Please feel free to reach out and enquire about anything.

Try it now!

Calculate the price of your order

Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.


Let us write that nagging essay.


Submit Your Essay/Homework Instructions

By clicking on the "PLACE ORDER" button, tell us your requires. Be precise for an accurate customised essay. You may also upload any reading materials where applicable.


Pick A & Writer

Our ordering form will provide you with a list of writers and their feedbacks. At step 2, its time select a writer. Our online agents are on stand by to help you just in case.


Editing (OUR PART)

At this stage, our editor will go through your essay and make sure your writer did meet all the instructions.


Receive your Paper

After Editing, your paper will be sent to you via email.