Abandon Stocks, Embrace Flows - The Big Shift - HarvardBusiness.org - 2 views
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What if a different source of value is becoming more powerful? We believe there's good reason to think that value is shifting from knowledge stocks to knowledge flows. Put more simply, we believe that flows trump stocks.
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To succeed now, we have to continually refresh our stocks of knowledge by participating in relevant flows of new knowledge. But there are two challenges. First, knowledge doesn't flow very easily, especially if it is tacit rather than explicit knowledge.
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Here's the second challenge. We can't participate effectively in flows of knowledge--at least not for long--without contributing knowledge of our own.
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Face to face encounters and collaboration trump the far more sterile flows of information that tend to dominate the fiber pipes of our flat world. In Silicon Valley, where we work, there is an expression - "to be in the flow" - and you can't really be in the flow if you are not in Silicon Valley, or some similar spiky place.