BUSINESS | KNOWLEDGE MANAGEMENT | BOOK REVIEW
6 Proven Approaches To Create A Virtuous Cycle Of Success
Knowledge management becomes viable when it implements wisdom as the leadership principle.
In 2019 Ikujiro Nonaka and Hirotaka Takeuchi published one of the best business books I have read, The Wise Company: How Companies Create Continous Innovation.
It is a fascinating sequel to their widely read and famous book from the mid-90s, The Knowledge-Creating Company, that established knowledge management as a core strategic element of the business.
The Wise Company is a guide for 21st-century leaders to put practical wisdom into action and create virtuous cycles of consistent innovation and ongoing success.
Nonaka and Takeuchi described in The Knowledge-Creating Company the SECI framework for knowledge practice that generates new knowledge through Socialisation, Externalisation, Combination, and Internalisation. Their new book outlines six ways to apply that framework.
The Wise Company is a hands-on way to implement SECI as the guiding principle into a business reality.
They made a point to do it wisely, using wisdom, a new concept in business but ancient in…
