Coordinating strategy formulation and implementation may sound relatively easy in theory, but in practice it is usually not very easy at all. In the real world, impediments to coordination of strategic implementation abound, even for successful firms such as Berkshire Hathaway. One area where coordination challenges can exist is that of knowledge management. Which concept describes the ability of an organization such as Berkshire Hathaway to recognize, assimilate, and apply new knowledge? a. Output controls b. Explicit knowledge c. Tacit knowledge d. Absorptive capacity