| What is knowledge based economy and how can we | | | | quickly becoming obsolete. You need to be prepared |
| benefit from its coming?It has been a long time since | | | | for constant creation of knowledge if you hope to |
| the coming of knowledge-based economy was | | | | keep up with your competitors.How to cope with |
| announced. The major change that is said to turn a | | | | knowledge problems in your company and benefit |
| society upside down is upon us now. But what does | | | | rather than suffer from the incoming changes?In short, |
| knowledge-based economy really | | | | knowledge based economy will create a lot of |
| mean?DefinitionKnowledge based economy is a kind | | | | problems for small and large companies alike. |
| of economy based solely on the production, distribution | | | | Counterfeits and violation of your copyrights will eat |
| and the use of knowledge. In short, it means that the | | | | your profits, most of your contractors will move their |
| most important thing in the coming economy model will | | | | orders abroad and the situation in your company (and |
| be knowledge and skills, not the material | | | | the whole economy) will change at the speed of |
| products.What's the difference?At first it may seem | | | | light.However instead of fighting the inevitable we can |
| that there is only little difference between a normal | | | | profit from that. The coming of a new economy model |
| economy model and a knowledge based one. In both | | | | will create as many new possibilities as problems.1. You |
| we just create, buy and sell the products, and their | | | | will be able to use outsourcing to minimize your cost. In |
| nature seems to be exactly the same. But as we take | | | | the effect you will be able to offer lower prices while |
| a closer look, things change. There are a few reasons | | | | still having an upper hand because of running a |
| for that:1. Knowledge is easily copied. If you've had a | | | | business in US.2. Instead of preventing everyone from |
| good idea, everyone will quickly adopt it unless you do | | | | using your ideas, go for paid Internet-sharing and let |
| something to prevent it.2. Knowledge comes through | | | | everyone profit from your concepts. Or leave it |
| the borders easier than material products. While | | | | altogether, offer your ideas for free and profit from |
| Chinese are dangerous only to a few sectors of the | | | | the advertisements and high traffic on your website.3. |
| US economy, knowledge-based economy model calls | | | | With coming of knowledge based economy business |
| for moving most of jobs away from US to those | | | | management has become easier than before. Internet |
| countries that have skilled workforce, but are much | | | | and cell phones make contacting anyone anywhere |
| cheaper than US (India, and eastern part of EU are the | | | | anytime possible. Use it!John Rowes makes it easy to |
| good examples of such places).3. The knowledge is | | | | understand role of intelligence in business. |