Unlike tangible resources and material assets, which can quickly become available to competitors, knowledge is a unique resource as it increases in value through use.
But knowledge, as an intangible resource, firstly exists within the mind of the individual.
To be able to maximize the value of this resource is difficult, even impossible, without understanding how to leverage and share knowledge throughout the organisation.
“ Ideas breed new ideas, and shared knowledge stays with the giver while it enriches the receiver …only new knowledge resources – ideas – have unlimited potential for growth” (Davenport and Prusak (1998))
Businesses that seek to leverage expertise and know-...
Posted by TallyFox on 17 September 2015
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Posted by TallyFox on 13 September 2015
We all know that the key success factors for companies have fundamentally changed.
The new business environment is forcing them to rethink their strategies, organizational and business models, and their capabilities.
In order to maintain their positions and grow, many companies are creating a community, or becoming a part of a business ecosystem.
Why a business ecosystem?
For a small company today, being a part of a business ecosystem provides mechanisms to leverage technology, achieve excellence in research and business competence, and compete against other larger companies.
Rather than resisting the change, the companies have to reshape and align their business goals and...