Knowledge is THE factor of production
What is it about?
Organizational knowledge may be classified as being either tacit, codified, or encapsulated. Each of these three classifications represents a distinct factor of production. The paper explains the distinctions between the three types of knowledge.
Why is it important?
Considering knowledge in its three forms should help in determining the most economic combination of knowledge to use in production, and how knowledge transfers within and across organizational boundaries.
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