Organizational memory refers to the accumulated body of data, information, and knowledge created in the course of an organization's existence, which can be used to guide future decision-making and practices. It encompasses both tangible resources like documents and databases, as well as intangible assets such as employee expertise and organizational culture.
Tacit knowledge is the type of knowledge that is difficult to articulate or transfer to others because it is deeply rooted in personal experience, intuition, and context. It underlies skills and insights that individuals acquire through practice and is often contrasted with explicit knowledge, which can be easily documented and shared.
Explicit knowledge is information that can be easily articulated, codified, and shared, often found in documents, manuals, and databases. It contrasts with tacit knowledge, which is personal and harder to communicate, making Explicit knowledge more accessible and transferable within organizations.
Meeting minutes are formal, written records of the discussions and decisions made during a meeting, serving as an official account for future reference and accountability. They typically include details such as the date, time, attendees, agenda items, key points discussed, decisions made, and action items assigned.