Communication In Communities Of Practice: Knowledge Management Pressure Point

Knowledge management has moved from being considered a possible fad to a considerable lever of business strategy. Thus, it is appropriately positioned in this session, Strategic Issues. As practices and procedures become better delineated, more leaders in management education are incorporating this in strategy discussions. Peter Drucker in his book Post-Capitalist Society describes the journey from a capitalistic society to a knowledge society by saying, “knowledge is the only meaningful resource.” (p. 42) The function of management is to apply existing knowledge and to define what new knowledge is needed and how it can be used. “That knowledge has become the resource, rather than a resource, is what makes our society ‘post-capitalist.’ ” (p. 45) 1