By Dr Ashok Ganguly (auth.)
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Additional info for Business-Driven Research and Development: Managing Knowledge to Create Wealth
When technology changes from being a component in the business to the business itself, the way to ﬁnd out is when it is no longer possible to tell where the business stops and the technology begins. 3 Knowledge and its Management Introduction No world-class enterprise will be able to grow and thrive if it is not being driven by a constantly updated pool of knowledge. Such corporations are marked by their business leaders’ ability to deﬁne a business vision for the ﬁrm which encompasses deep knowledge of the short, medium and longer term aspects of global, competitive and consumer elements.
Because of such local attitudes and obstacles, many Japanese ﬁrms sought alternatives to establish collaborative partnerships with universities in the USA and Europe. Unfortunately, the productivity and effectiveness of such cross-geographical arrangements in wealth creation remain somewhat obscure. Most other countries have yet to become aware of such massive transformations taking place in relationships in the academic, industrial and social spheres, and how such relationships are providing impetus to the harnessing and exploitation of knowledge with which to generate wealth and provide social good.
They therefore frequently seem to promise more than they are able to deliver. The gap between promise and delivery now tends to be exaggerated by overexposure of setbacks and failures in the media and across the global information network. The growth of problems which affect the majority of people, such as the environment, population, hunger, modern diseases and so on, tends to be blamed, at least in part, on the inability of science to deal effectively with such problems. Whether this is correct or otherwise, as a view, is another matter.