The foundation of an organization's strategy often lies in its ability to generate, combine, recombine, and exploit knowledge. Two very different perspectives have emerged in knowledgemanagement research: a commodity view which sees knowledge as something to be acquired, stored, and converted and a community perspectivewhich emphasizes knowing and the ability to act on what one knows. We propose a new framework for understanding knowledge in organizations which integrates these two views and complements prior research by focusing on knowledge-in-practice. In doing so, we clarify the organizational knowledge construct by examining the underlying knowledge-based characteristics of work practices. We create a multidimensional understanding of the knowledge-in-practice construct and introduce the concept of learnability. We explain how the proposed framework can lead to future research and discuss managerial implications for achieving fit between knowledge-in-practice and organization policies.