Search results for " knowledge-based economy"

MANAGING THE LEADERSHIP CHALLENGES

2010

Even if since ancient times wealth and power have been associated with having physical resources, and the traditional production factors were predominantly physical, knowledge revolution is the shift from physical-based economy to predominantly knowledge-based economy. Experts have lately noticed the increase of economic importance of technologies, information, economic processes, human capital, the organisation’s abilities and skills, each of these factors having a significant importance to the knowledge management. It is expected that future wealth and power shall mainly be derived from intangible intellectual resources, from the knowledge capital. This is why we considered it of absolute…