Abstract
Valuable human and knowledge resources will be wasted unless organisations make better use of these prime resources. Tacit knowledge in particular is still considered to be relatively unexplored and proper understanding and management of this resource is of immense importance for better organisational performance. The research addresses the importance of people factor and tacit knowledge in construction and examines the contribution towards the company performance and achievement of competitive advantage through a thorough literature review. Principle insights of dominant views on organisational resources are discussed to highlight the strategic nature of tacit knowledge. Labour and knowledge intensive nature of the construction industry is revealed and finally the importance and the significant role of people factor and tacit knowledge in construction are highlighted. This provides the basis for more empirical research on finding importance of tacit knowledge towards organisational performance in the construction industry.
| Original language | English |
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| Title of host publication | Queensland University of Technology Research Week International Conference, QUT Research Week 2005 - Conference Proceedings |
| Editors | Andrew Charles Sidwell |
| Publisher | Queensland University of Technology |
| Number of pages | 13 |
| ISBN (Print) | 1741071011, 9781741071016 |
| Publication status | Published - 1 Dec 2005 |
| Externally published | Yes |
| Event | Queensland University of Technology Research Week International Conference - Brisbane, Australia Duration: 4 Jul 2005 → 8 Jul 2005 |
Conference
| Conference | Queensland University of Technology Research Week International Conference |
|---|---|
| Abbreviated title | QUT Research Week 2005 |
| Country/Territory | Australia |
| City | Brisbane |
| Period | 4/07/05 → 8/07/05 |