Time-Based Frameworks for Valuing Knowledge: Maintaining Strategic Knowledge
William P. Hall
University of Melbourne - Melbourne School of Engineering; Kororoit Institute
Center for Public-Private Enterprise
Land Operations Division, DSTO
affiliation not provided to SSRN
November 24, 2011
Kororoit Institute Working Paper No. 1
To survive and flourish in a changing and unpredictable world, organizations and people must maintain strategic power over necessary resources - often in the face of competition. Knowledge contributes to that strategic power. Without vigilance to maintain its currency and accuracy, the value of knowledge depreciates as circumstances change over time. Karl Popper's evolutionary epistemology and Maturana and Varela's concept of autopoiesis provide a paradigmatic framework for considering the roles and importance of time in constructing knowledge and using it to maintain strategic power. Following Popper, knowledge is constructed, used and evaluated via cyclically-iterated processes. We introduce nine time-based frames of reference based in this Popperian autopoietic paradigm to explore the relationships between time and a utility-based valuation of knowledge as it is constructed and applied. We believe this framework and associated paradigmatically consistent vocabulary provide useful tools for analyzing organizational knowledge management needs.
Number of Pages in PDF File: 29
Keywords: Evolutionary Epistemology, Knowledge Management, Time, Organization Theory, Autopoiesis, OODA Loop, Strategic Knowlege
JEL Classification: D23, D70, D80, L21, M10, O30Accepted Paper Series
Date posted: November 26, 2011 ; Last revised: December 15, 2011
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