The Wise Company
How Companies Create Continuous Innovation
Summary:
The book explores the concept of a "wise company," which continuously innovates by leveraging tacit knowledge and fostering a culture of wisdom among employees. It provides a framework for organizational management that encourages creativity, learning, and knowledge sharing to adapt and thrive in an ever-changing business environment.
Key points:
1. Knowledge Creation and Management: Nonaka and Takeuchi highlight the need for ongoing interaction between tacit (personal, context-specific) and explicit (systematic, communicable) knowledge in businesses. Effective management of this knowledge conversion is key for innovation and competitiveness.
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