Management Papers
Document Type
Journal Article
Date of this Version
12-2004
Publication Source
Long Range Planning
Volume
37
Issue
6
Start Page
505
Last Page
524
DOI
10.1016/j.lrp.2004.09.002
Abstract
It is possible to identify two distinct yet complementary epistemological paths to knowledge development. The first one is holistic and field dependent, and builds on the concept of plausibility, and we associate this path with an entrepreneurial mindset. The second is object-oriented and builds on the concept of probability; this path can be associated with the managerial mindset. We believe that both managerial and knowledge management practices have emphasized the second path at the expense of the first. To restore the balance, knowledge management needs to develop processes and tools – associated with scenarios and real options – that will allow it to operate credibly in possible and plausible worlds, so as to extract value from them. We propose a systems framework for thinking through the nature of such tools.
Copyright/Permission Statement
© 2004. This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/
Recommended Citation
Boisot, M., & MacMillan, I. (2004). Crossing Epistemological Boundaries: Managerial and Entrepreneurial Approaches to Knowledge Management. Long Range Planning, 37 (6), 505-524. http://dx.doi.org/10.1016/j.lrp.2004.09.002
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Date Posted: 27 November 2017
This document has been peer reviewed.