Strategic Knowledge base: The FCC and New Beginnings – “Before we measure something we must ask whether we understand what it is we are trying to measure.” (Gray et al, 2015)
Strategic Systems Thinking would be incomplete without a Strategic Knowledge base. Countless frameworks have been developed to the benefit of knowledge systems, whilst few have actually sought to place this knowledge management in the larger context of strategic systems thinking.
In the spectrum termed life, there exists a varied range of objects and concepts that possess value, despite being unquantifiable. Be it emotion, ambition or even knowledge. However, the question is posed thus: can it be measured? And, if it cannot be measured, does it still possess value? On the same wavelength, other questionable factors are; can it be stored? Moved? The answer lies with Gray et al (2015) stating that prior to the measurement of something, the first step is to understand what is being measured.
In the business world, in precision- the managerial world, such questions are ongoing in the field. Can knowledge amongst others be measured? Owing to the fact that there exists a heightening in awareness of strategic assets of value to a company that are not typical on-paper expectations, the objective of the paper is to scrutinise imperative aspects crucial to a company, firm, organisation and business. Some of the aspects were otherwise formally ignored, but are gaining headway, in the pinnacle of importance to a company’s progress. In favour of this- Communities of Practice, Performance Measurement, Intellectual Capital and Social Networks will be explored, in relation to the strategic knowledge base which serves as a foundation for all.