Compare: Myth Vs Truth Regarding the Knowledge Economy

Organizational Innovations for Modern Enterprise

6 Knowledge Economics

COMPARE	The Myth	The Truth
	Knowledge is power.	The ability to capture knowledge and share it rapidly is power.
Objective	For individuals to develop their personal power by developing their personal knowledge.	For people in companies to develop organizational power by creating or capturing knowledge, and then sharing it rapidly with colleagues.
Perspective	Individuals can use knowledge to enhance their power.	People can collectively enhance their power when they share their knowledge.
Method	Knowledge is highly regulated... Read the rest in...	Knowledge is shared widely... Read the rest in...
Beneficiary	Read this in...	Read this in...
Internal Systems	Read this in...	Read this in...
Employee Outcome	Read this in...	Read this in...
Customer Outcome	Read this in...	Read this in...

Repeat it often enough; 'Knowledge is power' - and it might gain traction, but it can never be the whole truth; which is more subtle and more powerful.

... Chapter 6 Excerpt: 'Knowledge Economics'

Most of us know this is the information age. Many of us have also heard that this is the dawn of the knowledge economy. As the experts and academics debate what all this will come to mean, companies must develop their own understanding before the official verdict is out. How companies manage knowledge will decide whether they are a part of this bold new future, or merely one of its memories.

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6 Knowledge Economics

Knowledge is power.

The ability to capture knowledge and share it rapidly is power.