Knowledge Economy: definition, characteristics, and examples.pptx

A knowledge economy is an economic system where knowledge is the most important asset, compared to raw materials and physical labor.

1. Knowledge Economy Banele P. Faltein School Library and Information Centre (SLICS)

2. Content

3. Knowledge https://www.google.com/url?sa=i&url=https%3A%2F%2Fwww.ispringsolutions.com%2Fblog%2Fknowledge-sharing&psig=AOvVaw1gYMkTLvJW_n3GCqUMQdcd&ust=1724259785157000&source=images&cd=vfe&opi=89978449&ved=0CBQQjRxqFwoTCLiT5bOGhIgDFQAAAAAdAAAAABAE

4. What is a knowledge economy?

5. A knowledge economy https://www.consultationmanager.com/wp-content/uploads/2017/08/knowledge-sharing-across-internal-teams.png

6. Characteristics of a knowledge economy… According to Management Consulted (2023), a knowledge economy can be identified by 10 characteristics. Institutional structures that encourage entrepreneurship and knowledge consumption. Availability of skilled labor and a good education system. Provides access to Information and Communications Technology (ICT). Growth in demand for workers in STEM subjects. The development of ‘clusters’ in certain geographic regions.

7. Characteristics continued… 6. A vibrant innovation landscape that includes the academic work, the private sector, and civil society. 7. An abrupt rise in the number of patents. 8. Knowledge exchange between organizations. 9. Producers and uses driven by innovation. 10. The global spread of knowledge.

8. Examples of a knowledge economy…

9. Fun Fact:

10. Knowledge workers

11. Skills of a knowledge worker A knowledge worker in a knowledge economy must have 7 skills : Thinking skills Teamwork & Leadership skills Communication skills Lifelong learning skills Technology use skills Ethics and professionalism Personal management

12. Are you a knowledge worker?

13. References Hayes, A. (2024, June 15). What Is the Knowledge Economy? Definition, Criteria, and Example. Investopedia. Retrieved August 15, 2024, from https://www.investopedia.com/terms/k/knowledge-economy.asp Hillshow , A. (2015, October 7). Knowledge Economy-simple PPT [Slide show]. SlideShare. https://www.slideshare.net/amithajayanajayan/knowledge-economy-simple-ppt Patwa, R. (2017, November 12). Knowledge worker [Slide show]. slideshare . https://www.slideshare.net/slideshow/knowledge-worker-81930473/81930473 Knowledge Economy: Overview & characteristics. (2023, November 17). Management Consulted. Retrieved August 17, 2024, from https://managementconsulted.com/knowledge-economy/ Raconteur. (2014, June 22). The Knowledge Economy [Slide show]. Slideshare . https://www.slideshare.net/slideshow/the-knowledge-economy-37238422/37238422

14. Thank You!!