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Hub You - Stock and Flow in Knowledge Management
Nursing is the nations largest health care profession, with more than 2.7 million registered nurses nationwide, and nursing students account for more than half of all health professions students in the United States. Applications to attend nursing schools continue to increase nicely but did
In parallel with business, your organization would be able to increase productivity only with an increase in the velocity of knowledge (under the assumption that the stock of knowledge remains the same -- you do no
This is a common interview question that pops up and is one that pretty much sums up the point of a job interview in the first place.In other words, what can you do for our company?Essentially the company is looking to hire someone to solve a problem or fill a need.It ca
Basic electronics is about a current that flows through an electric circuit. This flow is tempered by a certain resistance. And for a certain amplitude of the current -- given the resistance in the network you need provisioning power: the voltage. The resistor absorbs the current and for the same kind of current given the resistance you need more power. The flow (current) and the resistance (stock) operate in a reciprocal proportional way.
The stock and flow concept also is a valid way to analyze economic systems. In economics the flow of money is the (circulation) velocity of money. The Quantity theory of money states that this velocity of money is defined as “the ratio of net national product in current prices to the money stock.” Or V = (P * Q) / M. (http://en.wikipedia.org/wiki/Quantity_theory_of_money)
In this case the causal relation between stock and flow are less transparent as in electronics.
In knowledge management the relation is perhaps even less transparent...
There, the stock of knowledge is saved on a human (resource) level. Through our lives, we have built up some knowledge and this is stocked. But for the welfare of organizations this stock of knowledge is not the most important. If there is someone in the team who has the capacity to fulfill a certain job but is reluctant to do so, there is no use of this stock (of knowledge).
In parallel with business, your organization would be able to increase productivity only with an increase in the velocity of knowledge (under the assumption that the stock of knowledge remains the same -- you do not
It's been said that the antidote to liking/loving is not hating, but indifference. So, when an ad makes you angry or disgusted or evokes any other strong emotion, it has done it's job. That is what advertising is supposed to do! Isn't it?There is an advertisement currently running
Basic electronics is about a current that flows through an electric circuit. This flow is tempered by a certain resistance. And for a certain amplitude of the current -- given the resistance in the network you need provisioning power: the voltage. The resistor absorbs the current and for the same kind of current given the resistance you need more power. The flow (current) and the resistance (stock) operate in a reciprocal proportional way.
The stock and flow concept also is a valid way to analyze economic systems. In economics the flow of money is the (circulation) velocity of money. The Quantity theory of money states that this velocity of money is defined as “the ratio of net national product in current prices to the money stock.” Or V = (P * Q) / M. (http://en.wikipedia.org/wiki/Quantity_theory_of_money)
In this case the causal relation between stock and flow are less transparent as in electronics.
In knowledge management the relation is perhaps even less transparent...
There, the stock of knowledge is saved on a human (resource) level. Through our lives, we have built up some knowledge and this is stocked. But for the welfare of organizations this stock of knowledge is not the most important. If there is someone in the team who has the capacity to fulfill a certain job but is reluctant to do so, there is no use of this stock (of knowledge).
In parallel with business, your organization would be able to increase productivity only with an increase in the velocity of knowledge (under the assumption that the stock of knowledge remains the same -- you do no
There is no question that in recent years energy costs have skyrocketed. And the price of burning fossil fuels is more than just financial: environmentalists the world over continually warn about the dangers of using non-renewable energy sources that pollute the environment when burned, glob
The stock and flow concept also is a valid way to analyze economic systems. In economics the flow of money is the (circulation) velocity of money. The Quantity theory of money states that this velocity of money is defined as “the ratio of net national product in current prices to the money stock.” Or V = (P * Q) / M. (http://en.wikipedia.org/wiki/Quantity_theory_of_money)
In this case the causal relation between stock and flow are less transparent as in electronics.
In knowledge management the relation is perhaps even less transparent...
There, the stock of knowledge is saved on a human (resource) level. Through our lives, we have built up some knowledge and this is stocked. But for the welfare of organizations this stock of knowledge is not the most important. If there is someone in the team who has the capacity to fulfill a certain job but is reluctant to do so, there is no use of this stock (of knowledge).
In parallel with business, your organization would be able to increase productivity only with an increase in the velocity of knowledge (under the assumption that the stock of knowledge remains the same -- you do no
You are the only one who controls your destiny. Yes you. And you know what; you are preprogrammed to do so. Most of the time we are the one who gets in our own way. So when you want to change what happens, how do you do it? That is what I will talk about today. There are a few steps th
In this case the causal relation between stock and flow are less transparent as in electronics.
In knowledge management the relation is perhaps even less transparent...
There, the stock of knowledge is saved on a human (resource) level. Through our lives, we have built up some knowledge and this is stocked. But for the welfare of organizations this stock of knowledge is not the most important. If there is someone in the team who has the capacity to fulfill a certain job but is reluctant to do so, there is no use of this stock (of knowledge).
In parallel with business, your organization would be able to increase productivity only with an increase in the velocity of knowledge (under the assumption that the stock of knowledge remains the same -- you do no
The Federal Trade Commission recently put forth a report to the franchse industry for comments to use in an upcoming rule-making event, which is sure to modify the current franchise rule. Many have been critical of additional rules in the industry, but none more critical than myself.I
In parallel with business, your organization would be able to increase productivity only with an increase in the velocity of knowledge (under the assumption that the stock of knowledge remains the same -- you do not hire new employees, nor do you invite external consultants).
This is only true if there is no inflation. And that would be just another topic...
© 2006 Hans Bool
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