MGMT 1000 Lecture Notes - Lemonade, Knowledge Management, Learning Organization
Document Summary
Knowledge capital is taking factors of production such as land, labour, and capital because the need for knowledge is expanding exponentially. Knowledge is creating new modes of perception, communication, and relationship. Continuous innovation: knowledge is the best competitive advantage. Aspects in business change all the time and things become obsolete almost over night. Therefore, it"s important to have knowledge and be able to implement it throughout the business. Collaborative learning: encouraging employees to think and nurture new and expansive ways to thinking as a group. Competitive advantage: no longer goes to those with the most resources, but to those who have the most intellectual capital. Leaning organizations: companies that are based off their intellectual capital (microsoft) and are what create the knowledge economy . Old methods that stifle creativity have to give way to new methods that allow creativity and freethinking.
