The Optimization of Corporate Resources: Data, Information, Knowledge, Wisdom

Within an environment of continuous expanding competition, engendered by the New Economy, it has been widely observed that organizations increasingly need a resource which is neither highly available, nor easy to copy or imitate, and which can provide the ability to underpin sustainable competitive advantage. This has led to an expanding emphasis on knowledge creation, ownership and dissemination. Nevertheless, focusing solely on knowledge without the proper management of its description, i.e. information, is incomplete. Furthermore, it is insufficient to work exclusively with data and information......