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In this paper, drawing on Henri Bergson's writing knowledge is seen as a virtual asset, i.e. , a resource that transgresses the distinction between past, present and future. Knowledge is never solely related to the actual present, but is continuously related to and associated with previous experiences and anticipated futures. By conceptualizing knowledge as a virtual asset, the notion of knowledge is freed from its commonplace metaphor of being a stock of skills and know-how that the organization can make use of. In this perspective, knowledge can never be fully conceived of as a stock, but must always be related to practices and activities. As a consequence, knowledge management theory needs to redirect its attention towards practices, rather than theorizing in terms of the taxonomies of knowledge employed by organizations.
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