June 09, 2014

Knowledge Economy

While learning more about knowledge management i came accross a term that is knowledge economy.The move from an industrially-based economy to a knowledge or information-based one in the 21st Century demands a top-notch knowledge management system to secure a competitive edge and a capacity for learning.

The knowledge economy rests on three pillars:

> The role that knowledge plays in transactions: it is what is being bought and sold; both the raw materials and the finished goods

>The concurrent rise in importance of knowledge assets, which transform and add value to knowledge products

>The emergence of ways to manage these materials and assets, or KM

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