Task #7: Negotiating Knowledge

Knowledge is the fuel that drives institutions. The knowledge required may be highly complex as the econometrics needed by a central bank to calculate a country’s economic trends for the next five years and as relatively simple as knowing how to lay a slab of concrete sidewalk under the guidance of a foreman constantly admonishing workers to “watch and learn, watch and learn.” Regardless of the degree of complexity of the knowledge needed by an institution to function, the job of an institution builder is to endow the institution with the means to do three things: (1) to gain the knowledge it needs, (2) to use that knowledge effectively, and (3) to update its knowledge as circumstances require. The pursuit ...

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