The Role of Knowledge: exploration and exploitation - Exploitation

5 important questions on The Role of Knowledge: exploration and exploitation - Exploitation

What are familiar businesses known to do when it comes to the role of knowledge?

Exploit knowledge.

What are the three consultants-types that exploit knowledge? And what characterises them?

  1. Grey hair consultancy - based on experience;
  2. Procedure-based - provides efficiency and leverage;
  3. Software-based - Analytics-based software supports clients in decision-making.

For the grey hair consultant, what knowledge have they gathered over the past years that they can exploit now?

They have gathered knowledge in a specific field, e.g. HR or finance.
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What knowledge have the procedure based consultants gathered, that they exploit? And what is an example of such a consultant?

A specific methodology. Process management consultants.

What knowledge do the software-based consultants have that they can exploit?

These are programmers that work with specific models based on which they can develop specific software, tailor made for the operation/department.

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