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Five Important
Implications of Knowledge for Your Business
According to Bruce A.Pasternack and
Albert. J. Viscio
① The tangible output of knowledge work is explicit
knowledge, but the
creative
process is largely
tacit.
② Explicit knowledge is increasingly quick and easy to distribute globally.
③
When it is embedded in products and services, explicit knowledge
dramatically lowers the cost of the basic infrastructure
required to be
competitive.
④ All knowledge creates new knowledge and, thus,
grows through use, while physical
assets are depleted by use.
⑤ The explosion of knowledge growth, combined with its rapid distribution, makes
it difficult to stay on top of the available knowledge in any industry. Thus, a
global
knowledge economy rewards not only
creators
of new knowledge but also
those who can identify and integrate knowledge effectively.
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