Phenomenon of duality: a key to facilitate the transition from knowledge mangement to wisdom for inquiring organizations

"Wisdom is what you learn after you think you know it all" - unknown In today's knowledge-based economy, sustainable strategic advantages are gained more from an organization's knowledge assets than from its more traditional types of assets, namely, land, labor, and capital. Knowledge, however, is a compound construct, exhibiting many manifestations of the phenomenon of duality such as subjectivity and objectivity as well as having tacit and explicit forms. Overlooking this phenomenon of duality in the knowledge construct has not only led many knowledge management initiatives to stumble but has also resulted in the discussion of the apparent contradictions associated with knowledge management in the IS literature as well as numerous discussions and debates regarding the "nonsense of knowledge management." It is the thesis of this chapter that a full appreciation of the phenomenon of duality is indeed necessary to enable inquiring organizations to reach the state of wisdom and enlightenment. © 2005, Idea Group Inc.