By Gregoris Mentzas PhD, Dimitris Apostolou PhD, Andreas Abecker Dipl.-Inform., Ron Young FBCS (auth.)
A new financial system is rising. An financial system that's remodeling the elemental ideas of commercial. An economic system according to exploiting wisdom and innovation. An financial system the place wisdom is the most resource of wealth for areas, countries, input prises and other people. This new economic climate relies on monetary values some distance faraway from these of the commercial financial system. worth has shifted in the direction of intangibles and particularly in the direction of expanding price by way of incorporating wisdom into services. the appearance of this new economic climate is swiftly altering the position and constitution of world company. profitable firms are these most sensible in a position to harness the advantages and possibilities of knowledge and communique know-how, capitalize on their wisdom base and circulate on the pace of the marketplace. wisdom administration lies on the center of the eu Community's competi tiveness process. the eu fee enables and helps utilized study in wisdom administration via its details Society applied sciences (1ST) programme, a tremendous subject of study and technological improvement in the ecu Union's learn and expertise improvement Framework Programme. in particular, the recent equipment of labor and digital trade motion of the first programme helps long term utilized learn in parts combin ing technological innovation with new paintings practices and complex company and paintings models.
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Extra info for Knowledge Asset Management: Beyond the Process-centred and Product-centred Approaches
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They should also have a strong sense of their own limitations. There is, however, a critical issue to be tackled: when those who lead such initiatives learn a great deal about the knowledge domain being managed, they may come to feel that they know more about the field than anyone in the company. The resulting arrogance is detrimental to the initiative's success. The responsibilities of knowledge manager positions include: • promoting and educating staff on knowledge-sharing processes, technologies and resources • identifying and sharing external information from research groups, marketing publications, Internet websites, etc.
This approach stresses that an effective competitive strategy calls for the firm to take offensive or defensive action to create a defendable position against competitive forces. Thus, industry conditions 19 G. , Knowledge Asset Management © Springer-Verlag London 2003 20 determine the rules of the game when it comes to the nature of competition and the strategies available to firms. A major assumption of this perspective is that all relevant, industry-specific resources are distributed homogeneously and are perfectly mobile.
Storage and metadata handling services are core services that are facilitated by the use of technologies that span from relational database management systems and document management systems to AI-based corporate memories. No matter what technology is being used, such services have layered storage capabilities that provide different abstraction levels and provide assistance to users for the execution of knowledge organization processes. Metadata services should define and insert new knowledge elements into the different layers of the storage system.