Throughout the twentieth century, the dominant paradigm of management has been changing. As a consequence, there has been an evolution in the concept of leadership and in the way executives think about business strategy. The trend in both leadership and strategy began with an emphasis on the concrete or material aspects of business and focused on production. This was followed by progressively subtler interpretations of business enterprise that emphasized the importance of the human element.

Contemporary thinking about both leadership and strategy focuses attention on the knowledge base of the firm and emphasizes the value of creativity and learning in organizations. However, in the twenty-first century, management surpasses even this level and will be based not only on knowledge but on "knowingness" – a comprehensive consciousness-based model which explores inner realities that touch sensitive core values hitherto unexplored.

The transition of management thought towards the emphasis on continuous learning and leadership at all levels in a learning organization is a progression beyond organizational processes. In the latter part of the century, management scholars attempted to identify the true depository of knowledge in organizations. Recognizing that organizations are indeed knowledge-based, they wanted to know how and where in an organization knowledge actually resides.

From Sri Lanka, Kolonnawa
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