Tacit knowledge acquisition – a social capital approach

Abstract

Social capital has evolved from an interdisciplinary standpoint. Recently, interests over it have been instigated by entrepreneur literatures because of the arising need to understand its contribution to quality of resource-based management, specifically knowledge-based resources, which provides a great possibility for a successful firm performance. Nevertheless, knowledge and information, just like social capital, are multidimensional in sources and consequences. Scholars have differentiated between tacit and explicit knowledge to clearly present their argument that these two types of knowledge fit various networks of social relations for optimal performance. Therefore, an in-depth investigation of the correlation between social capital and tacit knowledge acquisition is essential to the establishment of a framework that would shed light on the implications of social relations in the corporate world.

Keywords:

• Social Capital
• Social Networks
• Tacit Knowledge
• Entrepreneurship