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Sunday, June 9, 2002
Inside Information
Smart Business story on knowledge management in enterprises -- Inside Information: "Nobody in business needs to manage knowledge for its own sake. We have enough to manage already, thanks: projects, deadlines, clients, employees, quarterly earnings, and so on. There are stacks of books and too many million-dollar software programs designed to help companies dive into knowledge management. But all any business really wants to do -- and this is harder than it sounds -- is deliver information to workers when they need it to do their jobs."
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In the past, the economics of scarcity prevailed - scarcity of manpower, machines, materials and money. The present and the future will be shaped by the economics of abundance - abundance of technology, knowledge and communities. How do we measure the scarce resources of the knowledge – intensive world of technology – attention, intellectual property and knowledge capital?
Networks enable the framing of new options. A larger economy with more components adds value,as long as the components can connect to each other. In this sense, a macroeconomy is more than the sum of the economic performance of the firms and the individuals within it; it also includes the strategic value of the potential new interactions among these members.
Posted by Rajiv BhatiaAfter going through the article, I realise that there is nothing new to what the author says and he basically does not negate the concept of KM as is initially thought by the reader.
The ZD editors are just trying to sensationalize the topic, climb back to earth, and then show us around. Pretty lame stuff focussed on highlighting a few "solutions".
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