Knowledge – Knowledge Management and Educational Entrepreneurship


Curiosity is basic human instinct. It is natural gift for every human being. On account of curiosity, people want to know ins and outs of everything. Acquisition of knowledge is thus basic demand of human nature. Knowledge is acquired through education, observation, and experience; however it is preserved, improved, and transferred through reflection, application, and teaching. A person cannot work or grow without knowledge. Knowledge is utilized at all levels of life, both individual as well as collective, invoked on all occasions of life, both simple as well as complex, used on all spatial settings of life, both natural as well as artificial, and applied on all temporal moments of life, both temporary as well as permanent. It plays vital role in survival, growth and development of a person or a nation. It gives productivity to individuals, quality to institutions, and majesty to nations. Knowledge is unavoidable for workers / professionals and inevitable for leaders / entrepreneurs. It gives efficiency to followers, effectiveness to managers, and greatness to leaders.

Knowledge is the understanding of factual, procedural and conceptual aspects of information that a person acquires through education, observation and experience. It enhances the understanding level of mankind. It unearths the realties of time-space phenomena and gives definite clues to life and lifeless objects of cosmic economy. For example, Divine System of Growth, Body-Mind Duality, Mind-Soul Phenomena, Natural Forces, Social Linkages, Economic Links, Political Relations, and History Forces are outcome of learning efforts. In short, knowledge gives vivid picture of cosmic realties, both tangible as well as intangible.

Knowledge is formal as well as informal. The Informal knowledge is subjective and non-coordinated. It can be learned or taught by anyone. On the other hand, the formal knowledge is objective and coordinated. Formal knowledge is learned or taught through educational institutions, so that these institutions are vital for society and individuals. They create knowledge, give new dimensions to exiting knowledge, improve knowledge profile of an individual, enhance knowledge repertoire of society, transfer knowledge among students, and organize knowledge-seekers / knowledge-givers. The productivity and quality of educational institutions is vital for superior individuals and elegant society. The quality and productivity of educational institutions depends on efficient-effective approach towards knowledge management. Knowledge Management means to unearth, create, acquire, transfer, and utilize the knowledge in order to produce superior individuals / quality institutions / majestic nations.

Bases of Human Knowledge

The very bases of human knowledge are human senses, instinctual thrust towards new information or curiosity, and reflective ability of human mind. The prominent senses are sight, hearing, smell, taste, and touch. The related sense organs are eye, ear, nose, tongue, and the whole skin. A person gets information through sense organs, reflects on it, and finally shapes some propositions on acquired information. A set of propositions is called knowledge. Knowledge is thus shaped through experience and reflection. Intellect is used to interpret sense experiences. Intellect is naturally bestowed mind power to analyze or synthesize information. Reflection is an activity of intellect. In addition, necessities of life provide bases to knowledge driven activities.

Types of Knowledge

Knowledge is defined as the information, understanding, and skills that one gets through education, observation, and experience. Knowledge can be classified into following groups:

  • Natural Sciences: – Natural sciences deals with inanimate objects of universe. The major branches are physics, chemistry, and astronomy.
  • Biological Sciences: – Biological Sciences deals with animate objects of universe. The major branches are zoology, botany, and psychology.
  • Social Sciences: – Social Sciences deals with collective life and relationships between individual and society. They reveal, too, temporal perspective of interactive linkages. The major branches are sociology, political science, economics, and history.
  • Professional Sciences: – Professional Sciences deals with professions of individuals necessary for human survival. Professions improve quality of life of people. The major branches are medicine, engineering, and commerce.

Aspects of Knowledge

A peace of knowledge can be broken into three categories or has three aspects – Declarative, Procedural & Conceptual.

  1. Declarative Knowledge: – It is knowledge about something, e.g., structure of body, structure of computer, format of earth, and parts of speech. It deals with WHAT type of questions.
  2. Procedural Knowledge: – It is knowledge about the procedures and sequences. It narrates and explains procedures & sequences of any compiled information or data, that is, it deals with HOW & WHEN type of questions. For example, HOW computer is manufactured or used, WHEN computer is ready to use or sale.
  3. Conceptual Knowledge: – It is knowledge of concepts working behind the declarative and procedural knowledge. It is abstract aspect of knowledge. In conceptual knowledge, the relationship among concepts is also discussed. It deals with WHY type of questions. For example, the mathematical concepts and their relationship with each other that provide basis to the working of computer hardware or software.

Learning – Language Duality

Language is inevitably linked with learning phenomena, existence of one leads creation of other. A person must give some name and meaning to a piece of information or some event. During pre-linguistic era, symbols were used to understand/explain and to learn/teach something. Learning-Language duality, thus, is inherent ability and attribute of human mind. Human thought process adopts generally mother tongue to conceptualize things. It is noteworthy that a person can adopt multiple languages for thought process. The multi-lingual ability of thinking is developed overtime. Initially, mother tongue is soft option for knowledge development. At higher level, an objective or balanced approach can be applied for other languages. A lop-sided or subjective approach towards learning-language duality is harmful for individuals and nations.

Knowledge Development & Knowledge Experience

Knowledge is continuously evolving asset of mankind, its growth and development is materialized in leaps and bounds. Countless individuals are busy in its continual progress. Knowledge development is comprehensive process; it deals with subjective as well as objective sources of data / information. Our inner and outer senses are constantly receiving data from inner, outer, and divine sources. The inner source of knowledge is pre-conscious, the outer sources of knowledge are animate & inanimate objects of universe, and the divine source of knowledge is Divine Conscious. The inner source of knowledge is subjective as well as objective, the outer source of knowledge is purely objective, and the divine source of knowledge is subjective. Man gives a name/meaning to these data and it becomes information. A piece of information is converted into some coherent schemata; coherent schemata give shape to knowledge. A systematic knowledge adopts a practical shape during interactive life, consequently, the pearls of wisdom are created or materialized, ready to use. A knowledge traveler starts from identification of something new or novel, interpretation is secondary during knowledge journey, classification is third phase on learning curvature, and finally execution/application is made to internalize/marginalize the new findings with previous findings. During internalization a piece of information becomes part of knowledge, while during marginalization a false finding is discarded. The knowledge experience, thus, has five phases – Identification, Interpretation, Classification, Execution/Application, and Internalization / Marginalization.

Knowledge Management

The effective utilization of knowledge or knowledge management is solution to many problems of present day life, both simple as well as complex. The real understanding of bases, types, and aspects of knowledge enables us to manage knowledge for the betterment of humanity. It is fruitful for all kinds of individuals working in various types of institutions. It is supportive for better and meaningful social relations, helpful for optimal and sustainable resource usage, inevitable for good governance, vital for psycho-spiritual satisfaction, and essential for physical health.

Knowledge management is dominantly activity of institutions. Institutions are outcome of an idea. The very bases of idea are necessity of people and curiosity of intellectuals. An innovative leader grasps the situation and shapes institution. So that institutional development and knowledge management are dynamically linked with each other. A better approach towards knowledge management enhances the efficiency and effectiveness of organizations, while an improved/innovative organizational practice develops/constructs knowledge assets. An innovatively evolved knowledge is, thus, essential asset of institutional world. Overtime, knowledge management for better organizational behavior has attained a scientific and systematic shape. Management is the ability to create, organize and utilize resources in an optimal manner, i.e., with efficiency – doing things right & effectiveness – doing the right things. Whereas, the knowledge management is to reveal, create, acquire, transfer, and utilize the knowledge for excellent outcome. Informational efficiency is essential cornerstone of knowledge management. An arrangement of data into a meaningful shape is called information. An efficient acquisition and effective distribution of information give comparative-competitive advantage to institutions. Moreover, it is supportive to innovations and makes an institution precisely responsive towards changes. During crises it provides better clues for re-organization or re-engineering.

At institutional level, innovational outcome is the most evolved stage of knowledge management. The first stage is collection of accurate data, the second is collection of meaningful information based on data, the third is imparting right information to the right people at the right time, the fourth is to take right decisions on available information, and finally to take right actions in order to shape innovations/innovative activities.

Knowledge Management & Educational Entrepreneurship

Life has two levels, individual as well as collective. The collective level is manifested through multiple ways such as tribes & clans, institutions & organizations, and state & intrastate blocks. Organizational level of life is complex phenomena of modern society. Organizations are multiple in numbers, multilayered in structure, and multidimensional in operations. We may classify the existing institutional phenomena into two broad categories – profit oriented institutions and welfare oriented institutions. The profit oriented institutions provide, primarily, sustenance and leads, lastly, towards better quality of life with more financial resources to their workers / initiators / stakeholders. The welfare based institutions provide some utility to individuals or community at large. Institutions, either profit oriented or welfare oriented, need multiple resources for initiation or operation such as natural resources, financial resources and human resources. The optimal usage of resources is based, significantly, on effective utilization of knowledge or knowledge management, without proper knowledge management these institutions cannot be run efficiently, effectively, and indefinitely.

Institutions and entrepreneur are dynamically linked with each other, so that, an entrepreneurial effort, too, has two aspects – economic and social. A profit oriented institution is initiated / operated by economic entrepreneur and welfare oriented institution is initiated / operated by social entrepreneur. Profit is outcome of multiple performance indicators and success factors. A scientific knowledge about the linkages among multiple factors leads towards better managerial practices. A wise utilization of already accumulated information brings normal profit, while a wise utilization of some innovative piece of information brings windfall profit. At welfare level, a social work is actualized by means of social linkages; a proper understanding and usage of social linkages enhance the social effectiveness of institutions. Effective usage of Knowledge is, thus, valuable for both, economic entrepreneur and social entrepreneur.

Educational institutions are dominantly welfare driven and partially profit driven. A unique approach towards knowledge management is required in order to attain maximum benefits from learning activity. Interestingly, the whole activity of educational institution revolves around knowledge. There is a group of knowledge-seekers or students, knowledge-givers or teachers, and knowledge-workers or managers. Knowledge management is inevitable for all groups. Learning strategies are required by students to absorb knowledge, teaching methods are used by teaching faculty to transfer knowledge, and managerial practices are applied by non-teaching faculty to disseminate knowledge, efficiently and effectively. In addition, the entrepreneurial activity of educational institutions is dominantly wisdom driven effort. Educational Entrepreneur differentiates and realizes economic as well as social goals on account of wisdom. Wisdom is based on knowledge, thus, knowledge is indispensable for educational entrepreneur.

Concluding Remarks – Current Scenario with Possible Caveats

Human Civilization has absorbed the ins and outs of information era. People now have immense information on every thing. We are now inhabitant of knowledge world. Societies/nations are recognized by their knowledge assets / knowledge workers. Flow of information or knowledge is swift, easy, and economical. Internet has become essential aspect of present day life. A person can acquire knowledge through clicking keyboard or dragging mouse. A great body of information is available with negligible cost. Virtual institutions are working on dissemination of knowledge. People share or publish knowledge with no cost through social media of internet. Virtual world has established varied platforms for knowledge development. The developmental journey based on information and knowledge will continue forever. People and societies will choose pearls of wisdom from Knowledge Ocean in order to realize prosperous and magnificent life.

Existing Scenario of modern civilization is promising however permanent care would be required to avoid vicious circle based on possible illusion of perfect knowledge. The situation may lead to knowledge traveler towards micro truths from knowledge development activities consequently a person may loose wider / hidden understanding of knowledge ocean. It has happened in 19th century. Scientists have become perfectionist towards their findings. They were painting only statistical picture of everything. In early decades of 20th century, Einstein, Jung, Gestalts, Keynes, Iqbal, Bergson, and Bertrand Russell broke the myth of perfectionism or micro truths. An exactly opposite situation may arise due to bulk of information. The information is mind boggling; a person may loose concentration consequently one can oversight potential / hidden realities of knowledge tree. The ultimate outcome of mental divergence is information without knowledge or knowledge without wisdom or wisdom without ultimate truth. Moreover, the easy acquisition/publication can make someone forgetful from deep insight of knowledge; consequently, the society would have information or knowledge without wisdom. The real assets of a society are wise people, enlightened with ultimate truths, rather than informative people, ignorant towards ultimate truths.

Will the New Crop of Fake Degree Scams Deter Students From Online Education?

Online education experts at warned against a new type of fake degree scams today. The supposed new type of degree fakery goes far beyond the diplomas for purchase that have been available from non-existent and unaccredited colleges for years, and now means that anyone can purchase a fake degree from such respected institutions as Florida State University. So how will these fakers and frauds affect the future of online education? And what can be done to stop them?

It seems that one of the reasons diploma mills and degree scams are on the social consciousness currently is very much due to the current economic climate, and its effects on distance learning and online education. Essentially, lack of jobs and increasing redundancies stimulate increasing numbers of people to head back to education, and taking up an adult education course via distance learning or online is a very economical and accessible way to do that today. And, indeed, reports of increasing online enrollment are already being heard in the US and the UK.

Realistically however, such fraudsters have been around for many years and aside from penile extensions and cut-rate Viagra, fake degrees are one of the original and obligatory types of spam e-mail. That said, it is also wrong to assume that the scammers are not indeed getting better at offering more and more legitimate-looking qualifications to the point of committing outright fraud.

Subsequently, in terms of maintaining the social faith in online education and distance learning, the public need to be 100 percent clear that using a fake degree or qualification is fraud. An action that might be surprisingly more difficult when one considers that the selling of fake academic credentials is illegal only in 11 states in the USA (according to Maybe if such sellers are brought into line elsewhere across North America we might see the first steps for spreading this knowledge, and at least halting the blight of scammers, at least if they can’t be stopped altogether.

But, then, I suppose one must ask why must the USA should be the focus of a nationwide ban on such activities? For me, the answer lies in the apparent fact that the rest of the world, particularly the UK, are following the advancements the US are making in online education, e-Learning, and open content – and particularly the way it is regarded socially and publicly. Thus, the betterment of higher education globally (and the systems therein) currently seems to be directly influenced by the modes and methods that are established stateside.

FOREX Education – Work Smart Not Hard To Succeed

I read a lot about FOREX education and how it is essential to succeed and of course this is true, but most people don’t really understand what they should learn and how to do it.

So here are some guidelines, on how to work smart and not hard to achieve FOREX trading success.

When you are looking for FOREX education you can get most of it for free on the net.

Don’t be tempted to buy e-books or “sure fire” trading methods from guru’s.


Because the FOREX education they offer is normally going to cost you and it’s not worth the money.

Most of it is written by great salesman (with great copy) or failed brokers.

In most cases, if it was that good they wouldn’t be selling it; they would keep quite and make money for themselves.

Harsh but true!

If you do want to buy from a guru on the web make sure they have a real time track record that has made money and not a simulation.

The good news is:

There is a huge resource of information on the web you can tap into and it’s all free.

As a novice trader you can learn everything about technical analysis and indicators and see how they have performed in real time.

You can also find lots of material on the traits of successful traders and how you can acquire these traits to make money.

You can then build a trading system for free from this FOREX education and even learn how to apply it.

Paid education that is worth the money.

Look no further than an online bookstore.

There are many great books you can buy from traders who have made money.

Unlike the guru’s on the net who rely on hyped sales copy these guys don’t need to:

They have made real money and lots of it.

There are many books to choose from but here are some of my favourites after reading several hundred over the last 18 years:

1. Market Wizards – Jack Shwager ( Edit )

This book is interviews with some of the all time great traders and allows you to tap into and learn from the best.

Quite simply, inspiring and essential FOREX education.

2. Trader Vic – Victor Sperandeo

Perhaps my favourite book of all time.

EVERYTHING you need to know about devising a plan for profit is in this book.

From the essentials of a trading plan, to money management and how to acquire discipline to stick with your plan and achieve trading success.

Again, essential FOREX education.

Other authors to check out are:

John Murphy (for his writing’s on technical analysis) Max G√ľnter (check him out for some un conventional money making tips!) Jake Bernstein (great insight into the mindset you need to win) and finally, William Gallagher’s excellent book Winner Takes All – A very entertaining read.

There are many more but the above will give you some great FOREX education.

My own view in terms of FOREX education is to get all the info for free of the net to construct and implement your plan.

Then round it off with some FOREX education from traders who have been their, done it and made money.

I hope you enjoyed my thoughts on FOREX education and wish you trading success.