1997
DOI: 10.1108/eb025500
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WHEN KNOWLEDGE is wealth

Abstract: My essay for this month's Strategic Review is about how the family office is a learning machine. But as soon as I read Joey and Joanne's essays, I realized that I had made a significant oversight… A successful family office is a learning machine. The lessons learned from trial and error about what works in a particular business or investing niche are passed on from one generation to the next. So, instead of starting from scratch in each generation, Old Money families build on the success of the previous genera… Show more

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Cited by 7 publications
(9 citation statements)
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“…It is deeply rooted in the actions and experiences of a person as well as their emotions, values or ideals. Tacit knowledge involves intangible factors, such as personal beliefs, culture, attitude, perspective and the value system (Nonaka and Takeuchi, 1997; Sveiby, 1998; de Melo et al , 2013). Many practitioners assume that as knowledge sharing is so important, people will share all the required knowledge without problems because knowledge sharing is a fundamentally social phenomenon (Boer et al , 2002).…”
Section: Literature Reviewmentioning
confidence: 99%
“…It is deeply rooted in the actions and experiences of a person as well as their emotions, values or ideals. Tacit knowledge involves intangible factors, such as personal beliefs, culture, attitude, perspective and the value system (Nonaka and Takeuchi, 1997; Sveiby, 1998; de Melo et al , 2013). Many practitioners assume that as knowledge sharing is so important, people will share all the required knowledge without problems because knowledge sharing is a fundamentally social phenomenon (Boer et al , 2002).…”
Section: Literature Reviewmentioning
confidence: 99%
“…Muutokset haastavat osaamisen ja asiantuntijaorganisaatioon liittyykin jatkuva kehittäminen ja kehittyminen. Tällaisilla tietointensiivisillä organisaatioilla sanotaan olevan kyky ratkaista kompleksisia ongelmia luovien ja innovatiivisten ratkaisujen kautta (Sveiby & Risling 1986).…”
Section: Johdantounclassified
“…Asiantuntijaorganisaatiota voidaan tutkia johtajuuden ja oppimisen ympäristönä, missä autenttiset tilanteet haastavat sekä esimiehet että alai-set jatkuvien muutosten ja kokeilujen keskellä (Billet & Choy 2013, 269). Tietointensiivisillä organisaatioilla sanotaan olevan kyky ratkaista kompleksisia ongelmia luovien ja innovatii visten ratkaisujen kautta (Sveiby & Risling 1986). Asiantuntijaorganisaation tietotyötä tulisi pystyä tukemaan organisaatiokulttuurin keinoin, hyvällä johtamisella ja oppimista ja uudistu mista edistävillä toimintaprosesseilla.…”
Section: Asiantuntijaorganisaatiounclassified
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“…Many definitions have been created about knowledge intensive organizations and businesses by several thinkers (Drucker [1988], Sveiby [1999], Zack [2003], Wu et al [2008], ). These definitions generally have something in common:…”
Section: Knowledge-intensive Firmmentioning
confidence: 99%