Innovation Based Economy

Grab this swicki from eurekster.com

Tuesday, June 3, 2008

Innovation Financing - Canada Business Prince Edward Island

Innovation Financing - Canada Business Prince Edward Island

Knowledge Management: Making It Work (David Skyrme)

Knowledge Management: Making It Work (David Skyrme): "It was only two years ago that surveys showed that over half of European and UK managers thought that knowledge management was a fad. More recent studies such as KPMG’s annual knowledge management survey, shows that this figure has now dropped to less than five percent. Many organizations now have a better understanding of knowledge management and the benefits that can be derived."

Youpicks: I've been workin on the railroad song lyrics (words)

Youpicks: I've been workin on the railroad song lyrics (words): "'I've been working on the railroad
All the livelong day
I've been working on the railroad
Just to pass the time away"

Friday, April 11, 2008

Strategy in the new economy


Strategy in the new economy: "A dozen overlapping themes are emerging which differentiate the new economy from the old. The new economy is: 1. a knowledge economy, based on human capital and networks, 2. a digital economy, 3. virtualized, 4. a molecular economy, 5. a networked economy, integrating molecules into clusters which network with others for the creation of wealth, 6. eliminating middlemen, 7. being created by the new media, a convergence of the computing, telecommunications, and content industries, 8. an innovation-based economy, 9. blurring the gap between producers and consumers, 10. immediate, 11. a global economy, and 12. causing discord."

Nova Scotia News - TheChronicleHerald.ca

Nova Scotia News - TheChronicleHerald.ca: "P.E.I.’s hydrogen buses a hit
Charlottetown commuters find vehicles provide more comfortable, quieter ride"

Wednesday, April 9, 2008

Knowledge Management - The Basics

Knowledge Management - The Basics: "There are many definitions of knowledge management. We have developed this one since it identifies some critical aspects of any successful knowledge management programme:

* Explicit - Surfacing assumptions; codifying that which is known
* Systematic - Leaving things to serendipity will not achieve the benefits
* Vital Knowledge - You need to focus; you don't have unlimited resources
* Processes - Knowledge management is a set of activities with its own tools and techniques

It is important to note that knowledge encompasses both tacit knowledge (in people's heads) and explicit knowledge (codified and expressed as information in databases, documents etc.). A good knowledge program will address the processes of knowledge development and transfer for both these basic forms.

The last phrase in the definition is important. If you cannot link the activities to the achievement of business goals, then it is not real knowledge management."

Knowledge Management - The Basics

Knowledge Management - The Basics: "Knowledge Management is the explicit and systematic management of vital knowledge - and its associated processes of creation, organization, diffusion, use and exploitation - in pursuit of business objectives."

Knowledge Management: Making It Work (David Skyrme)

Knowledge Management: Making It Work (David Skyrme): "Knowledge Centres

It seems somewhat ironical, that many organizations, having disbanded or dispersed their corporate libraries during the nurturing of the early 1990s, are now looking to create knowledge centres. After all, a knowledge centre is really an enhanced version of a library. Why are organizations investing in one or more such centres rather than leaving it to individuals or small departments? Consider the services that a typical knowledge centre provides. It:

* identifies sources of important knowledge, both inside and outside the company
* catalogues and indexes material so that retrieval is efficient and effective
* maintains and sustains the knowledge repository (the knowledge bank)
* provides a one stop shop for multiple information needs
* knows who can help - pointers to people as well as information
* runs a client advisory service - offering expertise on sources, their availability, relevance, quality and overall usefulness to the business.

In short, it is a focal point for collection, structuring and disseminating information. There are advantages to be gained by focusing these activities into a knowledge centre or hub:

* economies of scale - saving the valuable time of professionals (searching for information)
* gaining discounts from suppliers"

Knowledge Management: Making It Work (David Skyrme)


Knowledge Management: Making It Work (David Skyrme): "At the top layer of the framework are the enablers. The key factor here is organizational leadership. There is a senior knowledge champion. The senior management team understands that knowledge is strategic and clearly articulates its contribution to the organization’s ‘bottom line’. The organization’s structure, culture and environment encourages knowledge development and sharing. Without these enablers most knowledge initiatives drift or stall.

The second layer of the framework comprises a set of levers that amplify the contribution of knowledge. These include processes that facilitate knowledge flows, the effective handling of information, and measurement systems (e.g. for intellectual capital). An important point here is the distinction between explicit and tacit knowledge, since their management is quite distinctive.

Explicit knowledge is that which is written down or expressed in some tangible form, such as in a procedure manual, document or computer database. Tacit knowledge, on the other hand, is personal, in people’s heads and is difficult to articulate. It includes insights, experience, judgement and many other aspects of know-how and know-why. Managing explicit knowledge draws heavily on systematic processes for handling information, such as information resources management, as discussed below. Managing tacit knowledge, on the other hand, is mo"

Q&A Incubating Innovation - Executive Thought Leadership - Cisco Systems

Q&A Incubating Innovation - Executive Thought Leadership - Cisco Systems: "Rossetti: First of all, I would like to draw a distinction between innovation and invention. Invention is hard stuff, don’t get me wrong, but I would say that after the invention there’s a tremendous amount of hard work that’s required to get a good idea all the way out to the street. And what we try to provide when we talk about technology incubation is an environment where you can fully develop and deliver on those good ideas.

Pelton: It’s really about getting out ahead of the market. Understanding where the new opportunities are going to be and then doing the work to take those opportunities and qualify them and understand if they have real value and can really help drive the top line for the company. So you need to do enough work to understand if an idea is a good idea and if it’s a relevant idea, and if it’s an idea that can generate a reasonable amount of revenue so it then can be driven into the mainline business."

Saturday, April 5, 2008

Friday, April 4, 2008

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