Time Value of Knowledge - Time-Based Frameworks for Valuing Knowledge

10th Australian Conference for Knowledge Management and Intelligent Decision Support Melbourne, December 10-11, 2007

13 Pages Posted: 8 Feb 2011  

William P. Hall

University of Melbourne - Melbourne School of Engineering; Kororoit Institute

Peter Dalmaris

Futureshock Research

Steven Else

Center for Public-Private Enterprise

Christopher Martin

Land Operations Division, DSTO

Wayne Philp

affiliation not provided to SSRN

Date Written: February 7, 2011

Abstract

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 analysing organizational knowledge management needs.

Keywords: Time, Knowledge Management, Autopoiesis, OODA Loop, Evolutionary Epistemology, Bounded Rationality, Strategic Power

JEL Classification: D21, D70, D21, L29, O30

Suggested Citation

Hall, William P. and Dalmaris, Peter and Else, Steven and Martin, Christopher and Philp, Wayne, Time Value of Knowledge - Time-Based Frameworks for Valuing Knowledge (February 7, 2011). 10th Australian Conference for Knowledge Management and Intelligent Decision Support Melbourne, December 10-11, 2007. Available at SSRN: https://ssrn.com/abstract=1757546

William P. Hall (Contact Author)

University of Melbourne - Melbourne School of Engineering ( email )

185 Pelham Street, Carlton, Victoria 3053
Melbourne, Victoria 3010
Australia

HOME PAGE: http://www.orgs-evolution-knowledge.net

Kororoit Institute ( email )

127 Power Street
St Albans, Vic. 3021
Australia

HOME PAGE: http://kororoit.org

Peter Dalmaris

Futureshock Research ( email )

PO Box 22
Berowra, New South Wales 2081
Australia

HOME PAGE: http://www.futureshock.com.au/contact

Steven Else

Center for Public-Private Enterprise ( email )

6268 Lincolnia Road
Alexandria, VA 22312
United States

Christopher P Martin

Land Operations Division, DSTO ( email )

PO Box 1500
Edinburgh, SA 5111
Australia

Wayne Philp

affiliation not provided to SSRN ( email )

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