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These studies suggest knowledge involves the creation, management, and application of actionable information and ideas, crucial for innovation, efficiency, and competitive advantage in organizations.
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Knowledge is a multifaceted concept that has been explored extensively across various disciplines, including philosophy, management, and education. It is often seen as a critical asset for innovation, competitive advantage, and effective decision-making within organizations. This synthesis aims to provide a cohesive understanding of what knowledge is, based on insights from multiple research papers.
Knowledge as a Strategic Asset:
Knowledge as Actionable Information:
Knowledge as an Active Engagement:
Knowledge in Social and Cultural Contexts:
Challenges in Defining Knowledge:
Knowledge is a complex and dynamic concept that plays a crucial role in organizational innovation and competitive advantage. It is not merely passive information but an active engagement that integrates personal experiences with factual data. Knowledge exists both individually and collectively within organizations and communities, influenced by social and cultural contexts. Despite its abstract nature and the challenges in defining it, effective knowledge management is essential for harnessing this valuable resource.
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