Tacit Knowledge as a Promoter of Success in Technology Firms

In this paper we address the question of whether tacit knowledge can be a promoter of success in technology enterprises. Tacit knowledge is illustrated focusing on its foundations, on how it is expressed and how tacit knowledge can be utilised in technology firms. A model is presented by which the utilisation of tacit knowledge can be understood more profoundly. The question of how significant a role tacit knowledge plays in the formation of competitive advantage in technology enterprises is explored. Furthermore, the results of an experiment, in which the utilisation of tacit knowledge was estimated in ten small specialised supplier –type technology companies, are presented.