Importance of tacit knowledge towards company performance and its relevance to construction

C. P. Pathirage, R. D.G. Amaratunga, R. Haigh

Research output: Chapter in Book/Report/Conference proceedingConference contribution

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 languageEnglish
Title of host publicationQueensland University of Technology Research Week International Conference, QUT Research Week 2005 - Conference Proceedings
EditorsAndrew Charles Sidwell
PublisherQueensland University of Technology
Number of pages13
ISBN (Print)1741071011, 9781741071016
Publication statusPublished - 1 Dec 2005
Externally publishedYes
EventQueensland University of Technology Research Week International Conference - Brisbane, Australia
Duration: 4 Jul 20058 Jul 2005

Conference

ConferenceQueensland University of Technology Research Week International Conference
Abbreviated titleQUT Research Week 2005
CountryAustralia
CityBrisbane
Period4/07/058/07/05

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Pathirage, C. P., Amaratunga, R. D. G., & Haigh, R. (2005). Importance of tacit knowledge towards company performance and its relevance to construction. In A. C. Sidwell (Ed.), Queensland University of Technology Research Week International Conference, QUT Research Week 2005 - Conference Proceedings Queensland University of Technology.