MGC1010 Lecture Notes - Lecture 1: Intellectual Capital, Knowledge Worker
30 Jun 2018
School
Department
Course
Professor
MANAGEMENT IN CONTEXT
<Working in today’s economy>
Networked economy – increasing influence of the internet and development of IT
Global Economy – Increasing independence of national economies
Performance driven – organisations expected to continuously excel on performance criteria
Individual – no guarantee of long term employment and need for personal initiative an
disciple for continuous learning
Yet employees represent organisation’s intellectual capital
The challenge is to combine talents of many people and achieve a unique and significant
results
Intellectual capital – the collective brain power is shared knowledge of a workforce
Knowledge worker – someone whose knowledge is an important asset to employers
<Globalisation and technology>
Globalisation – the worldwide interdependence of resource flows, product, markets an
business competition
Technology – computer allow organisations of all types and sizes, locally an internationally t
speed transactions and improve decision making
<Diversity, Ethics & Career>
Diversity 0 different genders, race, ethnic, culture, age, able-bodiedness, religious affiliation
and sexual orientation
Ethics – society is becoming strict in its expectation and its social institutions and business
behave according to high standards
<21st Century Manager>
Increasing emphasis on the social duty, expectation, and practice of management
oProviding employees with a sense of purpose at work
oIncreasing wellbeing and quality of life of employees
oGatekeepers of oral and ethics in the workplace
<Managerial Essential Skills>
find more resources at oneclass.com
find more resources at oneclass.com
Document Summary
Networked economy increasing influence of the internet and development of it. Global economy increasing independence of national economies. Performance driven organisations expected to continuously excel on performance criteria. Individual no guarantee of long term employment and need for personal initiative an disciple for continuous learning. The challenge is to combine talents of many people and achieve a unique and significant results. Intellectual capital the collective brain power is shared knowledge of a workforce. Knowledge worker someone whose knowledge is an important asset to employers. Globalisation the worldwide interdependence of resource flows, product, markets an business competition. Technology computer allow organisations of all types and sizes, locally an internationally t speed transactions and improve decision making. Diversity 0 different genders, race, ethnic, culture, age, able-bodiedness, religious affiliation and sexual orientation. Ethics society is becoming strict in its expectation and its social institutions and business behave according to high standards.
