Title:
THE IMPORTANCE OF KNOWLEDGE MANAGEMENT IN ORGANIZATIONS: AN APPLICATION OF SECI MODEL AND SUGGESTIONS FOR VIETNAMESE ENTERPRISES

Authors:
Thi Ngoc Thuy Doan, Huu Hao Nguyen and Tran Kieu Van Nguyen

Abstract:
Nowadays society, sciences, and technologies are developing strongly. Thus, knowledge is a necessity and plays an important role in every field, especially in business and production. Knowledge management creates an extremely effective and sustainable competitive advantage for businesses. In this article, we will introduce the framework of this knowledge creation process through the consideration of SECI's creative model, which illustrates the continuous transition between tacit knowledge and current knowledge. This article also provides some suggestions for Vietnamese businesses in the process of implementing knowledge-based management. This is also a topic that opens many opportunities for other research in Vietnam in the future.

Keywords:
Knowledge management, SECI model, Vietnam.

DOI:
http://dx.doi.org/10.37500/IJESSR.2021.4622