Five Important Implications of Knowledge for Your Business

① The tangible output of knowledge work is explicit knowledge, but the creative process is largely tacit. 

② Explicit knowledge is increasingly quick and easy to distribute globally.  >>>

③ When it is embedded in products and services, explicit knowledge dramatically lowers the cost of the basic infrastructure required to be competitive.  >>>

④ All knowledge creates new knowledge and, thus, grows through use, while physical assets are depleted by use.

⑤ The explosion of knowledge growth, combined with its rapid distribution, makes it difficult to stay on top of the available knowledge in any industry. Thus, a global knowledge economy rewards not only creators of new knowledge but also those who can identify and integrate knowledge effectively.  >>>