No matter what happens, it is within my power to turn it to my advantage.
EpictetusRead
Advocates of knowledge management as the next big thing have advanced the proposition that what companies need is more intellectual capital. While that is undeniably true, its only partly true. What those advocates are forgetting is that knowledge is only useful if you do something with it.
Interpretation
What this quote means
Knowledge is valuable only when it is applied effectively.
In this quote, Jeffrey Pfeffer emphasizes that while accumulating intellectual capital is important for companies, it is not enough on its own. True value comes from actively utilizing that knowledge to create tangible results and drive actions within the organization.
Themes
KnowledgeCapitalActionWisdomBusiness
In practice
Example use cases
In a business seminar discussing the importance of knowledge management.
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