Modern Organizational Wisdom : Theory and Practice

Modern Organizational Wisdom: Theory and Practice presents a fresh perspective on knowledge management processes, exploring how employee expertise transforms into practical solutions for organizational challenges. This innovative concept, grounded in the scientific achievements of organizational learning and absorptive capacity, sheds new light on converting knowledge into action. The book introduces a procedure that links key knowledge management concepts, streamlining their understanding and simplifying their application. This approach makes complex phenomena more accessible and practical for professionals. In the theoretical section, the book outlines a straightforward model of Modern Organizational Wisdom, which consists of a knowledge-to-solution transformation process complemented by a set of organizational competencies essential to its success. Including these competencies as an integral component of Modern Organizational Wisdom represents a groundbreaking approach to this subject. The practical section bridges theory with real-world applications, offering insights into how these phenomena manifest in business practice. Readers will discover the drivers that foster Modern Organizational Wisdom and the obstacles that hinder its development. With its accessible language and innovative take on organizational wisdom, this book inspires researchers in knowledge and strategic management and is a valuable resource for practitioners. It helps leaders understand how their employees’ knowledge can fuel business growth and success.