Posted by Mezei on September 19, 2002 at 13:00:56:

In Reply to: Re: accounts receivable = tacit knowledge & accounts payable = explicit knowledge - follow up posted by Mezei on September 19, 2002 at 12:54:22:

In other words, they had no intellectual capital to speak of, they only had ideas, or tacit knowledge in an organisational sense. So they only had accounts receivable (which is the same as ideas). Which is why they went out of business...

I just hope I'm keeping my accounting legder straight. Accounts receivable above is meant as monies owing to others. Because ideas are expensive to others, thereby requiring an outlay of money.

Don

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