Chapter 7. Knowledge
Creating Knowledge
Centuries ago, the critical constraining resource was land. Those who controlled the land controlled everything. At some point, the constraint became skills, and guilds and merchants created more wealth than did landowners. Later, the industrial revolution moved the constraint to capital, and power became financially driven. Today, the constraint is knowledge: technical knowledge, management knowledge, process knowledge, and market knowledge. Much of this knowledge is being expressed as software.
Most of our current paradigms remain rooted in industrial/financial thinking and measurements. Those organizations that will dominate this century are those that shift to a focus on knowledge.
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