Knowledge Wealth: An Indian Software Profile

Knowledge as wealth is a constituent of the structural sort of a firm. A structural sort, in terms of the earlier discussion, is a manner of describing several structural aspects of an organization. A sort is larger in scope than the scaffolding perspective, which is a description of structure in terms of hierarchy and divisions or units. A structural sort has seven constituents, one of which is knowledge as wealth and finance. Knowledge as wealth, as argued earlier, is different from the two other types of knowledge: as a factor of production and as strategic knowledge. Of these, the former is descriptive knowledge and is publicly available or tradable and can be accessed by an organization, a group or an individual. Strategic knowledge is not descriptive and is held in non-descriptive attitudinal or intentional form by the individuals, including the chief and process groups of an organization. The structure of an organization cannot be the residence of strategic knowledge. Knowledge as wealth is thus only partly descriptive and largely attitudinal. This knowledge, like strategic knowledge, cannot be publicly generated or traded. Knowledge wealth constitutes the structure and, therefore, is resident in the structural sort. It cannot reside in single individuals such as the chief. Limitations to trading or public generation of knowledge wealth make it appear to be tacit but, as argued earlier, it cannot be a tacit knowledge.