Posted by Mezei on October 02, 2002 at 14:17:42:

In Reply to: Corollary posted by Mezei on October 02, 2002 at 14:11:48:

The way we 'value' the entire process is by using accounting. To do this, we view the organisation as a 'whole', in effect as an individual entity.

Thus, as an individual entity we can apply the description of tacit/explicit knowledge.

So as I mentioned before, accounting is an 'after the fact' record of this individual company's use of tacit and explicit knowledge.

The tacit knowledge is identified as Accounts Payable, or money owed to help formulate the tacit potential of the company's ideas. The Accounts Receivable is the money owed the company for the explicit knowledge sold to buyers.

Don

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