MANAGING FOR THE persistent TERM | BEST OF HBR | NovemberDecember 1991 The Knowledge-Creating Company by Ikujiro Nonaka Editors Note: This 1991 article helped popularize the flavour of tacit companionship the valuable and highly subjective insights and intuitions that argon dif?cult to aim and sh be because people carry them in their heads. Years later, the tour can still startle a reader with its views of organizations and of the types of friendship that inform them. For example, the advice on how to distill clinical and transferable, or explicit, familiarity from tacit knowledge with a graphic illustration of Matsushita electrics efforts to build a cave in bread-making machine is some(prenominal) arresting and actionable. The next step: ensuring that explicit knowledge is translated tolerate into tacit knowledge that will then go on to yield yet another innovative solution. I | the one sure enough source of lasting warring advantage is kno wledge. When markets shift, technologies proliferate, competitors multiply, and products become ob solete almost overnight, successful companies are those that consistently create saucily knowledge, disseminate it widely passim the organization, and quickly embody it in new technologies and products. These activities de?ne the knowledge-creating company, whose sole business is continuous innovation.
And yet, disrespect all the talk active brainpower and intellectual capital, a few(prenominal) managers grasp the true personality of the knowledge-creating company let completely know how to manage it. The reason out: They misunderstand what knowledge is a! nd what companies must(prenominal) do to exploit it. N AN saving WHERE THE ONLY induction IS UNCERTAINTY, 162 Harvard Business Review | JulyAugust 2007 hbr.org Robert Meganck MANAGING FOR THE LONG TERM | BEST OF HBR | The Knowledge-Creating Company Deeply ingrain in the traditions of Western management, from Frederick Taylor to Herbert Simon, is a view of the organization as...If you motivation to bring about a full essay, order it on our website: BestEssayCheap.com
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