The Knowledge Economy – The Game Is To Be Sold And Not Told

Then Again. Maybe It Is "WHAT" You Know.

For those interested in this type of pimpformation and frequent these parts in search of the content that many would believe to be found on a website with a name other than the one that you are currently visiting, you are in luck as today I decided to share what the focus for this month and the rest of the year and beyond looks like.

The term Knowledge Economy is primarily being used by the tech titans and their industry leaders, and the last time I heard it stated was by Eric Scmidt from Google on a Fox News segment during one of the recent Republican Presidential Candidate debates in which he was sharing his insight regarding what the focus of Google Inc. is and how it plays a part in their continuing success.


Knowledge Economy

The essential difference is that in a knowledge economy, knowledge is a product, while in a knowledge-based economy, knowledge is a tool. This difference is not yet well distinguished in the subject matter literature. They both are strongly interdisciplinary, involving economists, computer scientists, engineers, mathematicians, librarians, geographers, chemists and physicists, as well as cognitivists, psychologists and sociologists.

Various observers describe today’s global economy as one in transition to a “knowledge economy,” as an extension of an “information society.” The transition requires that the rules and practices that determined success in the industrial economy need rewriting in an interconnected, globalized economy where knowledge resources such as know-how and expertise are as critical as other economic resources. According to analysts of the “knowledge economy,” these rules need to be rewritten at the levels of firms and industries in terms of knowledge management and at the level of public policy as knowledge policy or knowledge-related policy.

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