Organizational learning, knowledge and wisdom

Organizational learning, knowledge and wisdom To improve our understanding of the impact of organizational learning and knowledge on competitive advantage, we propose a framework that includes the constructs of data, information, knowledge, and wisdom. Each of these constructs is then associated with a different type of learning. We further argue that wisdom is an important, albeit missing, construct in the knowledge‐based theory of the firm. A key to organizational wisdom is judgement and decision making, which requires an understanding of the complexity of a situation, but also requires the ability to make sense and simplify so that action can be taken. Three important drivers for the development of organizational wisdom are experience, a passion to learn, and spirituality. Processes for acquiring organizational wisdom such as transformational leadership, organizational culture and knowledge transfer are also discussed. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Organizational Change Management Emerald Publishing

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Publisher
Emerald Publishing
Copyright
Copyright © 2000 MCB UP Ltd. All rights reserved.
ISSN
0953-4814
DOI
10.1108/09534810010378605
Publisher site
See Article on Publisher Site

Abstract

To improve our understanding of the impact of organizational learning and knowledge on competitive advantage, we propose a framework that includes the constructs of data, information, knowledge, and wisdom. Each of these constructs is then associated with a different type of learning. We further argue that wisdom is an important, albeit missing, construct in the knowledge‐based theory of the firm. A key to organizational wisdom is judgement and decision making, which requires an understanding of the complexity of a situation, but also requires the ability to make sense and simplify so that action can be taken. Three important drivers for the development of organizational wisdom are experience, a passion to learn, and spirituality. Processes for acquiring organizational wisdom such as transformational leadership, organizational culture and knowledge transfer are also discussed.

Journal

Journal of Organizational Change ManagementEmerald Publishing

Published: Dec 1, 2000

Keywords: Knowledge‐based systems; Organizational learning

References

  • The productivity paradox of information technology
    Brynjolfsson, E.
  • Corporate Culture and Organizational Effectiveness
    Denison, D.R.
  • Predicting corporate performance from organizational culture
    Gordon, G.G.; DiTomaso, N.
  • Toward a knowledge‐based theory of the firm
    Grant, R.M.
  • Organizational learning based on transformming collective consciousness
    Gustavsson, B.; Harung, H.S.
  • Measuring competence? Exploring firm effects in pharmaceutical research
    Henderson, R.; Cockburn, I.
  • The resource‐based view within the conversation of strategic management
    Mahoney, J.; Pandian, J.R.
  • The design school: reconsidering the basic premises of strategic management
    Mintzberg, H.
  • Making knowledge the basis of a dynamic theory of the firm
    Spender, J.‐C.
  • Learning by knowledge intensive firms
    Starbuck, W.H.

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