Implications of Knowledge for Your Business
① The tangible output of knowledge work is explicit
knowledge, but the
process is largely
② Explicit knowledge is increasingly quick and easy to distribute globally.
When it is embedded in products and services, explicit knowledge
dramatically lowers the cost of the basic infrastructure
required to be
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
knowledge economy rewards not only
of new knowledge but also
those who can identify and integrate knowledge effectively.