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Add You - What is Knowledge Based Economy and How Can We Benefit from its Coming?
After 15 years working as a Business Analyst and an IT Specialist, the most common question I get asked by business owners is what information should I store in my customer database. Up until five years ago, I would have given them the same answers most Business Analysts would give. It wasn’t until I decided to go into business and build my own
2. Knowledge comes through the borders easier than material products. While Chinese are d
Does a headline like this scare you?> it should because the consolidation is not over yet.Don't despair just because we are in the "dog days" of job hunting there ar
It has been a long time since the coming of knowledge-based economy was announced. The major change that is said to turn a society upside down is upon us now. But what does knowledge-based economy really mean?
Definition
Knowledge based economy is a kind of economy based solely on the production, distribution and the use of knowledge. In short, it means that the most important thing in the coming economy model will be knowledge and skills, not the material products.
What's the difference?
At first it may seem that there is only little difference between a normal economy model and a knowledge based one. In both we just create, buy and sell the products, and their nature seems to be exactly the same. But as we take a closer look, things change. There are a few reasons for that:
1. Knowledge is easily copied. If you've had a good idea, everyone will quickly adopt it unless you do something to prevent it.
2. Knowledge comes through the borders easier than material products. While Chinese are da
If you are thinking about setting up a business, it pays to be thorough in your preparations. Before you invest as little as a single dollar, it would be advisable to compile a business plan to verify the feasibility and sustainability of the business you have in mind.In other words, the very first step to take when setting up a business
Definition
Knowledge based economy is a kind of economy based solely on the production, distribution and the use of knowledge. In short, it means that the most important thing in the coming economy model will be knowledge and skills, not the material products.
What's the difference?
At first it may seem that there is only little difference between a normal economy model and a knowledge based one. In both we just create, buy and sell the products, and their nature seems to be exactly the same. But as we take a closer look, things change. There are a few reasons for that:
1. Knowledge is easily copied. If you've had a good idea, everyone will quickly adopt it unless you do something to prevent it.
2. Knowledge comes through the borders easier than material products. While Chinese are d
Part Two:I moved to Hawaii leaving my paintings, all nicely framed, which was an expense and further investment on my part. I was new to the gallery scene though and still enamored that my work was in San Francisco in the famed Union Square. My investment was around 10 paintings as I recall.Time passed and the gallery
What's the difference?
At first it may seem that there is only little difference between a normal economy model and a knowledge based one. In both we just create, buy and sell the products, and their nature seems to be exactly the same. But as we take a closer look, things change. There are a few reasons for that:
1. Knowledge is easily copied. If you've had a good idea, everyone will quickly adopt it unless you do something to prevent it.
2. Knowledge comes through the borders easier than material products. While Chinese are d
Snack vending machines are the perfect alternative to having to pack a lunch to bring to work or to taking time to go to a restaurant. This is why these vending machines that sell snacks and food are so popular just about everywhere. If you are interested in getting into the vending machine business where you sell different types of snacks, you
1. Knowledge is easily copied. If you've had a good idea, everyone will quickly adopt it unless you do something to prevent it.
2. Knowledge comes through the borders easier than material products. While Chinese are d
A contractor knows that creating an estimate is the first step in securing a job. The client will look at all of the estimates and choose the one that best suites his or her needs. Estimating a small home is pretty basic. An experienced estimator can look at the square footage of the home to be built and have a good idea of what it will cost
2. Knowledge comes through the borders easier than material products. While Chinese are dangerous only to a few sectors of the US economy, knowledge-based economy model calls for moving most of jobs away from US to those countries that have skilled workforce, but are much cheaper than US (India, and eastern part of EU are the good examples of such places).
3. The knowledge is quickly becoming obsolete. You need to be prepared for constant creation of knowledge if you hope to keep up with your competitors.
How to cope with knowledge problems in your company and benefit rather than suffer from the incoming changes?
In short, knowledge based economy will create a lot of problems for small and large companies alike. Counterfeits and violation of your copyrights will eat your profits, most of your contractors will move their orders abroad and the situation in your company (and the whole economy) will change at the speed of light.
However instead of fig
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