Knowledge Economy

Related BrainMass Solutions

• Industrial and innovation economies

  The innovation economy is also known as knowledge driven economy.

• Organizational learning and value creation

  478738 Organizational learning and value creation How can organizational knowledge contribute to value creation for an organization in the new economy?

• Knowledge and Value Creation in the New Economy

  400293 Knowledge and Value Creation in the New Economy How can organizational knowledge contribute to value creation for an organization in the new economy?

• Explain with example: The success of a business will be closely influenced by the external environment, particularly the market economy

  Thus the market economy has led to the need to focus on managing knowledge in an organization. Thus there is a need to constantly renew the processes, the knowledge, the technology, the people, and finally, the strategies.

• credit quality

  If so, then would this not mean the economy would grow at a lower rate - because less new money is entering the economy via the banking system?

• Discuss the importance of productivity in an economy.

  When new knowledge is created, it becomes available to others thereby inducing more innovations. Research and development is very important in the development of technology and indeed in increasing total output in the economy.

• Classical Theory and Keynesian theory.

  If you were setting policy in a depressed economy that is showing increasing unemployment, knowledge of the Keynesian Model would be very beneficial.

• Knowledge workers vs Skilled workers

  Can you envision circumstances that would actually cause an economy to do an "about-face" and begin needing more non-knowledge skilled workers than knowledge workers?

• American History in the 20th Century

  You can also draw on the knowledge from your course material. Let's do that now. RESPONSE: a. How the American economy changed after WWII ended. World War II, in fact, had helped the economy recover.