Modes of Knowledge?

Universities have been accused of being elitist and over protective of knowledge and learning. However, the recognition and validation of work based learning has been more than welcome. Outside the ivory towers of the university, every day, in small and big ways, in work places and professional practice, discoveries and new knowledge are being unearthed and the university has now shifted into a position where this is formally accredited. This brings into play the distinction between Mode 1 and Mode 2 knowledge as proposed by Michael Gibbons – see link to short slide show for a brief explanation of the features of both these modes. Which of these two modes do you consider yourself working in? Why? What are the advantages? What are the challenges?