Nonaka

MANAGING FOR THE spacious TERM | BEST OF HBR | NovemberDecember 1991 The Knowledge-Creating Company by Ikujiro Nonaka Editors Note: This 1991 article helped popularize the imagination of tacit companionship the valuable and highly subjective insights and intuitions that be dif?cult to aim and share 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 object glass and transferable, or explicit, fellowship from tacit knowledge with a undimmed illustration of Matsushita electrics efforts to build a offend 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 war-ridden advantage is knowledge. When markets shift, technologies proliferate, competitors multiply, and products become ob mendte almost overnight, successful companies are those that consistently create saucily knowledge, disseminate it widely throughout 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 well-nigh brainpower and intellectual capital, a few(prenominal) managers grasp the true disposition of the knowledge-creating company let completely know how to manage it. The sui t: They misunderstand what knowledge is and ! what companies must(prenominal) do to exploit it. N AN thriftiness 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 seize a full essay, order it on our website: OrderCustomPaper.com

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