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Explorations in Information SpaceKnowledge, Actors, and Firms$
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Max H. Boisot, Ian C. MacMillan, and Kyeong Seok Han

Print publication date: 2007

Print ISBN-13: 9780199250875

Published to Oxford Scholarship Online: January 2008

DOI: 10.1093/acprof:oso/9780199250875.001.0001

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Crossing Epistemological Boundaries: Managerial and Entrepreneurial Approaches to Knowledge Management

Crossing Epistemological Boundaries: Managerial and Entrepreneurial Approaches to Knowledge Management

Chapter:
(p.48) 2 Crossing Epistemological Boundaries: Managerial and Entrepreneurial Approaches to Knowledge Management
Source:
Explorations in Information Space
Author(s):

Max H. Boisot (Contributor Webpage)

Ian C. MacMillan (Contributor Webpage)

Kyeong Seok Han

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199250875.003.0003

It is possible to identify two distinct yet complementary epistemological paths to knowledge development. The first one is holistic and field dependent, and builds on the concept of plausibility, and this path is associated with an entrepreneurial mindset. The second is object-oriented and builds on the concept of probability; this path can be associated with the managerial mindset. This book discusses the idea that both managerial and knowledge management practices have emphasized the second path at the expense of the first. To restore the balance, knowledge management needs to develop processes and tools associated with scenarios and real options — that will allow it to operate credibly in possible and plausible worlds, so as to extract value from them. The book proposes a systems framework for thinking through the nature of such tools.

Keywords:   entrepreneurship, management, knowledge management, managerial practices

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