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Putting a Price on Social Connections
Researchers at IBM Research and MIT's Sloan School of Management found that the average e-mail contact was worth $948 in revenue. To unearth that and other data, they used mathematical formulas to analyze the e-mail traffic, address books, and buddy lists of 2,600 IBM consultants over the course of a year. (Their identities were shielded from researchers, who viewed them only as encrypted numbers, known as hash codes.) They compared the communication patterns with performance, as measured by billable hours.
more fromwww.businessweek.com
Information Management Is Broken, But the Fix Is Coming
We’ve heard the clichés: “Information is our greatest asset”; “We live in an information economy”; “Information is the lifeblood of our organization.” Sadly, what used to be all about collaboration and user productivity is now, in many organizations, about protecting against lawsuits.
The reasons are clear: Courts have upheld that all electronic information is discoverable, meaning virtually everything in an organization can be used in a lawsuit. Risk management is now a higher priority than user productivity.
more fromwww.internetevolution.com
Factors Of Production For An Innovation Economy | Socialutions
We know that in the knowledge economy, the location of knowledge work is highly mobile – so “Land” does not have the same significance for making things as it did 100-200 years ago. What about “Labor”? Knowledge workers analyze situations, manage many variables, and create unique solutions. They do not really produce identical knowledge pieces like a machine operator or a production worker –so Labor also means something different than a century ago. The term “Capital” refers to money that would be needed now to build future structures, buy machines and to pay wages. Today money buys access to information, education, and knowledge workers. So we see that many old economic principle may not be as applicable in the new economies.
more fromlinktosocialutions.com
Fistful of Talent: When Should I Create Value? Now.
Last week, Jobvite held their first customer summit (we’re a Jobvite customer at TiVo). Despite the economic times, attendees were both forward leaning in giving ideas and in sharing what they were doing to effectively recruit these days.
more fromwww.fistfuloftalent.com
Characteristics of the Knowledge Economy, continued
In the 21st century, comparative advantage will become much less a function of natural resource endowments and capital-labour ratios and much more a function of technology and skills. Mother nature and history will play a much smaller role, while human ingenuity will play a much bigger role.
more fromeduspaces.net
PMEKMO : La valeur immatérielle de l’entreprise devient son atout principal
L’effondrement de la société industrielle est déjà en train de se passer. La seule chose que nous pouvons faire, c’est éviter que l’effondrement ne soit une catastrophe sociale et écologique. Il y a une très forte tendance de croire que le libre marché va tout résoudre. Or, le libre marché ne peut pas tout résoudre et certainement pas dans la Société de la connaissance. Les industries continueront de produire des objets mais avec moins de main-d’œuvre. Elles s’automatisent complètement ou externalisent davantage vers l’Asie. Demain, 70 à 80 % de la population travaillera dans des services immatériels. La valeur immatérielle de l’entreprise devient son atout principal. C’est ce qu’on appelle l’intangible asset, l’acquis immatériel.
more fromwww.pmekmo.be
Something about Team Work
There is something about team work which is important in the society today. I glanced through the other day, on a newspaper article, regarding how workers nowadays do not need to be micro-managed. Instead the managers is suppose to provide room and space for the worker to enable them to demonstrate their ability and facilitate their creative thinking to be brought into an organization. Often time, the idea provided by this empowered workers may turn out to be one of those that has the most impact to the organization.
more fromwinson77.spaces.live.com
This “Recession” May Be Something Other Than A Recession
I think that although we may well experience the two sequential down quarters of growth that would put us officially into a “Recession,” it will mask the reality that we are in (not “entering”) something different.
There really is a global economy so that ecoonmic conditions are also global. Want to build a business? Leverage your brain instead of capital-intensive property, plant and equipment (soft vs. hard assets). The list goes on. It isn’t hard to observe all sorts of fundamental changes that I think point to a conclusion that the Knowledge Economy is real and growing and fundamentally different than the Hard Asset Economy from which we are moving.
If we are indeed shifting from a Manufacturing to a Knowledge economy, wouldn’t it be fair to say that the characteristics of one (such as an economic downturn defined as a “recession”) would not be characteristics of the other? Didn’t the characteristics of agraian economies largely become irrelevant to enterprises involved in manufacturing?
more fromwww.qorvis.com
Management in the Knowledge Economy
A very useful chart shows that in the “execution as efficiency” model leaders provide the answers and employees follow directions. New work processes are developed infrequently and implementing change is a huge undertaking. Problem solving is rarely required and judgement is not expected.
In the “execution as learning” model leaders set direction and articulate the mission and employees discover answers. Work processes keep developing and small changes, experiments and improvements, are a way of life. Problem solving is constantly needed, so valuable information is provided to guide employees’ judgement.
more fromlauradowler.wordpress.com
What would you spend to save $840/person/month? - IT Directions - ebizQ
more fromwww.ebizq.net
The Value of Knowledge - Part III
As long as software is viewed as a expense that must realize short-term returns, corporations will be paying over and over for similar business function without the benefit of reuse. You will never make that shift from what we presently call management of information, viewed as technical efficiency, to an asset management perspective. The expense of acquiring information capabilities must change to become a means for gaining knowledge capital.
more fromwww.propertyclubpro.com
The Value of Knowledge - Part I
1. How does one put a value on the value of knowledge?
2. What do you call it after you recognize that knowledge in your enterprise has value?
3. And how do you use knowledge as opposed to indiscriminately discarding it as an asset?
more fromwww.propertyclubpro.com
Management 2.0 : vers l’entreprise collaborative (2)
Nous devons partir du principe que ce sont les outils qui viennent étayer un mode de management et non l’inverse.
Ces nouveaux outils et le succès des entreprises qui les utilisent illustrent une rupture fondamentale entre les économies du XXème et du XXIème siècle. Afin de comprendre en quoi cette révolution challenge les modes de management, il nous faut définir cette rupture.
more fromblog.m2ie.fr
Knowledge Process Outsourcing
KPO is a new phenomenon that is picking pace in India. It is "Knowledge Process Outsourcing". In simple words it is the upward shift of BPO in the value chain. Old BPO companies that used to provide basic backend or customer care support are moving up this value chain.\n"Unlike conventional BPO where the focus is on process expertise, in KPO, the focus is on knowledge expertise."
more fromaugustusjulian.blogspot.com
Changing Knowledge Worker Attitudes | Work Literacy
In a knowledge economy, knowledge and information is power. The more you know, the more you can do with it, the more marketable you are. You can’t AFFORD to let an organization tell you what you should be learning–too many organizations, businesses and nonprofits alike, are so busy struggling for survival that they aren’t even sure what needs to be learned anyway.
more fromwww.workliteracy.com
Bacon's Rebellion: The Power of People Networks
One of the key concepts in Richard Florida's new book, "Who's Your City?" is that of the "clustering force," a knowledge-economy phenomenon that reward people for congregating in places where they can network and collaborate with one another. (
more frombaconsrebellion.blogspot.com
Library clips :: Participation is the currency of the knowledge economy :: May :: 2008
more fromlibraryclips.blogsome.com
Harold Jarche » A Partnership Economy
Increasingly, performance in these new knowledge-based industries will come to depend on running the institution so as to attract, hold, and motivate knowledge workers. When this can no longer be done by satisfying knowledge workers’ greed, as we are now trying to do, it will have to be done by satisfying their values, and by giving them social recognition and social power
more fromwww.jarche.com
Connecting the Dots: The Cognitive Age: Why Social Media Matters
is pointing the way toward new systems and behaviors that will enable us all to move higher up the value chain as we learn how, together, we can create and deliver what the world needs in new and innovative ways.
more fromwww.iconnectdots.com
Stephen R. Covey » Blog Archive » Knowledge Workers: 10,000 Times the Productivity
more fromwww.stephencovey.com
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