Tacit Knowledge in Organizations Book

Current debates in strategy and management have centred on the nature of organizational knowledge and its role in securing competitive advantage in a turbulent marketplace. Philippe Baumard's new landmark study shows how essential to this process is the management of ambiguity. He argues that the conventional, rational model of decision making ignores the tacit and intuitive processes that are often crucial in successful business outcomes. What is more, he demonstrates through his four central business cases how it is in times of uncertainty, rapid change and turbulence that the fate of companies is often determined and it is at these times that managers' tacit knowledge and their ability to navigate ambiguous and complex situations is most critical.This book sets out to 'track ambiguity' and delve below the surface of organizations in order to understand the complex processes of top managers' decision making. Its challenging theory combined with detailed international case material make it an invaluable resource for teaching and research in corporate strategy. ccRead More