Knowledge Management

Wealth Lost

To put perspective on this statement, there is an impressive record of success in many economies, as evidenced by the degree of wealth and living standards in the developed world. Within this broad compass there is an unnecessarily high incidence of recurring failure that if decision making were only more rigorous could be viewed as delayed success. By “recurring failure” and “rigorous,” I mean acquiring the ability not to make so many habitual mistakes and not having to reinvent already discovered wheels. In other words, better learn the lessons of history, ipso facto experiential learning, within which knowledge management is the overriding discipline alongside the more efficient management of organizational memory, the understanding ...