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They are at the experimental stage of accessing information and exploring resource. Many organizations still feel overwhelmed by the exponential growth of information. And there are different levels of information/knowledge system models to meet the business requirement at a different stage.Įxperiential: Information management entails organizing, retrieving, acquiring, maintaining, securing, updating, distributing, sharing, publishing and finally archiving information. ![]() Managing the information-knowledge lifecycle effectively becomes a strategic business capability. The information does not live alone but permeates to everywhere in the businesses, information potential directly impacts the business’s potential of the organization. All leading businesses across the vertical sectors claim they are in the information management businesses. Information is the lifeblood and knowledge is the power of modern businesses. In some organizations, knowledge management and wisdom management are the separate coins that don’t need to be separate for many others, it’s the same information-knowledge-wisdom continuum either way, the goal of such management disciplines helps improve organizational change adaptability, idea adaptability, learning capabilities and overall business agility. Knowledge without wisdom creates catastrophe when it creates wisdom which gains more knowledge that creates more wisdom. As wisdom encourages to keep on gathering facts (knowledge). Then knowledge is the result of lessons we learned by exploitation of our wisdom! Less knowledge means less factual wisdom. Wisdom comes from making mistakes and learning from them (or from others mistakes), and so knowledge comes before wisdom and wisdom use knowledge. See wisdom as a result of life experience or knowledge transcendence. The wisdom management is to manage collective wisdom which gains more knowledge that creates more wisdom: Understanding of wisdom in the data, information, knowledge, and wisdom spectrum is that wisdom is the application of knowledge to solve practical problems in daily life. If these constituencies are all the same or better at the end of this project, wisdom will have been demonstrated. The wise person will consider the current and future needs of all of these constituencies when planning and executing the project. #Knowledge management data information knowledge wisdom professionalDepending upon the actual initiative, they may be the environment, labor relations, community relations, professional credentials of those involved, competitors, suppliers, distributors, regulators, etc. It is necessary to educate people to become aware of the many dimensions of any particular initiative. Wisdom is an umbrella term, at its best, it is the amalgamation of thought, analysis, planning, prediction of consequences, and so on. What one does with the raw data requires wisdom. Wisdom is the application of knowledge at right time: Knowledge is Information or experience it is a collection of facts and raw data. But only if you have learned something from those experiences, and make it part of your inner-self, will your knowledge turn into wisdom. True wisdom is definitely related to experience, directly or indirectly (via learning). it may seem intangible, but it is very real and valuable. ![]() Wisdom must undergo a conversion to knowledge before it can be properly managed: Wisdom includes whatever knowledge we’ve acquired to this point in our lives and it incorporates experience, reflection, and questioning. ![]() Wisdom is the transformation of you into “A REAL YOURSELF” for which your knowledge may help you sometimes facilitates too, but you need to have an inner drive to demonstrate wisdom. Tacit knowledge is more akin to insight which is something where people have the experience, knowledge, and good judgment. #Knowledge management data information knowledge wisdom how toKnowledge-Insight-Wisdom Hierarchy: There is explicit knowledge – things people write down, things people can explain to others easily – and then there is tacit knowledge – the stuff that people know how to do but is not easily captured because it’s all in their head. Does transformation start when wisdom is converted to knowledge or when knowledge is converted to wisdom? Is wisdom management as the same as knowledge management or wisdom management is a higher level of knowledge management? Many well-established organizations have information and knowledge management, how about wisdom management? Wisdom is the insightful quality of having experience, knowledge, and good judgment the inner quality of being wise. Knowledge is facts, information, and skills acquired by a person through experience or education the theoretical or practical understanding of a subject. ![]() The wisdom management is to manage collective wisdom which gains more knowledge that creates more wisdom. ![]()
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