What is the meaning of a knowledge based economy?
The term “knowledge-based economy” results from a fuller recognition of the role of knowledge and technology in economic growth. Knowledge, as embodied in human beings (as “human capital”) and in technology, has always been central to economic development. In the knowledge-based economy it is the production of ideas, not goods, that is the source of economic growth, and the reason that the new computing and telecommunications technologies are so economically revolutionary in their nature is that they allow ideas to be distributed instantaneously and in a coherent way to anyone, anywhere in the world. Knowledge and learning
The knowledge-based economy is affected by the increasing use of information technologies, it is not synonymous with the information society. The knowledge-based economy is characterised by the need for continuous learning of both codified information and the competencies to use this information. Education will be the centre of the knowledge-based economy, and learning the tool of individual and organisational advancement. The accumulation of tacit knowledge needed to derive maximum benefit from knowledge codified through information technologies can only be done through learning. In the knowledge-based economy “learning-by-doing” is paramount. A fundamental aspect of learning is the transformation of tacit into codified knowledge and the movement back to practice where new kinds of tacit knowledge are developed.
Knowledge networks / transfer
It is not a new idea that knowledge plays an important role in the economy. The knowledge-based economy places great importance on the diffusion and use of information and knowledge as well as its creation. The determinants of success of enterprises, and of national economies as a whole, is ever more reliant upon their effectiveness in gathering and utilising knowledge. The science system plays an important role in transferring and disseminating...
ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT Paris 1996
Copyright OECD, 1996 Applications for permission to reproduce or translate all or part of this material should be made to: Head of Publications Service, OECD, 2 rue André Pascal, 75775 Paris, Cedex 16, France.
The OECD economies are increasingly based onknowledge and information. Knowledge is now recognised as the driver of productivity and economic growth, leading to a new focus on the role of information, technology and learning in economic performance. The term “knowledge-basedeconomy” stems from this fuller recognition of the place of knowledge and technology in modern OECD economies. OECD analysis is increasingly directed to understanding the dynamics of the knowledge-basedeconomy and its relationship to traditional economics, as reflected in “new growth theory”. The growing codification of knowledge and its transmission through communications and computer networks has led to the emerging “information society”. The need for workers to acquire a range of skills and to continuously adapt these skills underlies the “learning economy”. The importance of knowledge and...
...School of Economics
National Research University, Perm
Knowledge Chain in Rosatom Corporation: strengths and weaknesses (on the base of the book «Rosatom is Sharing Knowledge»)
Executed by the students:
Knowledge Chain in Rosatom Corporation: strengths and weaknesses…………...4
For the past several decades knowledge has become extremely important asset of a company. Nowadays large organizations and even small companies have to address the issues of Knowledge Management in order to increase flexibility and efficiency, reduce lead time and involve people as much as possible. As it was mentioned in 1996 by McKern [1; 13-18], the major forces of change are the following: globalization, higher degrees of complexity, new technologies, increased competition, changing client demands, and changing economic and political structures. So companies are starting to understand that the core and sustainable resource of competitive advantages are their employees. In other words all the knowledge about...
Knowledge is becoming a critically important resource in business organizations. And human resource management is the pillar for any organization. Managing human resources effectively has become vital to organization within the modern and fast-paced business environment. In order to survive in the current competitive environment it is mandatory for every company to recruit the right sorts of people in the right place. Now the question is why this word “right’’ has been used in here? Because if we recruit a driver to serve the customer in the check out and a person for driving the lorry who does not even know how to drive then we cannot expect the right jobs done by these people. Since today’s economy is the knowledgeeconomy so I decided to show the relation between human resource management and knowledgeeconomy.
Knowledge is defined by Sanchez, Heene and Thomas (1996) as “the set of beliefs held by an individual about casual relationship among phenomena.’’ Alvin Toffler (2008) said “Knowledge is the most democratic source of power.’’ This paper indicates the relation between Human resource management and the Knowledgeeconomy. So we need to know what is knowledgeeconomy and Human resource management.
Knowledgeeconomy is an...
Building a KnowledgeBased Society |
By 87817 |
Why a knowledgebased Society…………………….5
Universities and Their Role…………………………7
The Government in recent years have become aware of the changes in society and the workforce. The economy is directly affected by what the labour market is and what the future skills base will be. The U.K. is falling behind other nations and the Government is looking towards higher education, particularly Universities, to address some of these problems. In this report issues such as history, social changes, economy and how they affect the nation will be looked at. How, in the future, people in society will have to adapt to an ever changing world. Issues that concerned society in the past have changed and the labour market of the future will have a direct impact on environmental issues that will affect the future generations.
The industrial revolution saw the first major changes in society’s attitude towards education. Although there were many problems that needed to be address such as living standards and working conditions, the government tried to tackle the problem of education. The...
...According to Plato, knowledge is simply justified true belief. On the surface, Plato seems to have captured the essence of what it is to know something in three words but once studied closer one sees the flaws in his interpretation. In my opinion to truly know something one must have full understanding of the concept. Many people have the ability to memorize facts yet despite the multitude of facts they have memorized they may possess very littleknowledge. The memorization of facts does not cause the subject to have knowledge; instead they have simply memorized the language used to convey information. However, according to Plato’s definition if the subject believes the fact to be true and has sufficient justification for having this belief than this constitutes as knowledge. This example illustrates one of the clear flaws in Plato’s simplistic explanation. Knowledge is justified true belief but there is so much more to the concept of truly knowing something than this definition. One must look deeper into what is considered to be knowledge and how we as humans acquire this “knowledge” to fashion a more unambiguous explanation of what it means to truly know something.
One of the most common ways of gathering knowledge is through the discoveries of other people. Without this second hand knowledge it is...
...What is Knowledge Management?
Generally, knowledge is interpreted, subjective information within a context, which involves understanding and is mostly tacit, not explicit. Knowledge can take many forms. It can be in the form of thoughts, insights, ideas, lore, lessons learnt, practices, and experiences undergone to name just a few.
The term knowledge management has become common in businesses throughout the world. Despite its increased prevalence, there remains a large degree of confusion concerning the applied definition of whatknowledge management is. Within the knowledge management community, attempts at defining this elusive term appear to be in constant flux. However, a basic description of what constitutes knowledge management, and the various factors leading to its importance, source, problems, and other basic related issues necessary to achieve a general understanding have been provided below. This field guide is intended to provide information concerning these issues in terms that are applicable in any situation. Obviously each business has their own sets of definitions, applications and style with respect to this tool.
What is Knowledge Management?*
There are prevalent definitions of knowledge management needing to be highlighted. First, that...
...The Role of ICT in Building a Knowledge-based Society
Sherif H Kamel Associate Dean, Executive Education School of Business, Economics and Communication The American University in Cairo, Egypt Abstract Emerging information and communication technology (ICT) is setting the pace for changing, competitive and dynamic local and global markets, representing an invaluable vehicle for business and socioeconomic development and introducing new forms and structures of organizations that are no longer affected by geographical or time barriers. Egypt, as a developing nation, with an economy in transition, has realized the potentials of ICT since the 1960s and has increasingly invested in building its ICT infostructure and infrastructure during 1980s but it was in the late 1990s that ICT was put on the national agenda as an enabler for socioeconomic development and gateway to the knowledge society. Building the ICT infostructure and infrastructure will realize quantum leaps in the development process if they are coupled with a vision that engages and empowers different stakeholders in the society including the government, the public and private sectors and the civil society as well as different interest groups irrespective of their location whether urban or remote, gender or background. Moreover, it is important to emphasize that ICT could contribute to development if different building blocks are provided including an informed...
...What is a knowledge-based system?
A system which is built around a knowledge base. i.e. a collection of knowledge, taken from a human, and stored in such a way that the system can reason with it.
System: What is the patient's name?
User: George Smith
System: What is the patient's age?
User: 52 years
System: Is the patient male or female?
System: What are the symptoms?
User: Headache dizziness upset stomach high fever
System: When did these symptoms first appear?
System: I conclude that the patient has a viral infection, my recommendation is that he should take two aspirin, drink plenty of fluid, get lots of rest.
What is knowledge?
Knowledge is the sort of information that people use to solve problems.
Knowledge includes facts, concepts, procedures, models, heuristics, etc.
Knowledge may be:
* specific or general
* exact or fuzzy
* procedural or declarative
What is an expert system?
* A particular kind of knowledge-based system
* One in which the knowledge, stored in the knowledge base, has been taken from an expert in some particular field.
Therefore, an expert system can, to a certain extent, act as a substitute for the expert from whom the...