MGMT 1000 Lecture Notes - Knowledge Economy, Competitive Advantage, Learning Organization

• School: York University
• Department: Management
• Course: MGMT 1000
• Professor: Jean Adams

Document Summary

It has been estimated that knowledge is doubling every 11 hours. This may mean that when you wake up in the morning, you may only be have as smart as when you went to bed the night before. Strictly speaking, there is no such thing as non-knowledge economy. Humans have lived in a knowledge economy ever since, the discovery of fire, the development of tools, the invention of the wheel and the development of cultural codes and practices that passed knowledge from generation to generation. But for most of recorded time the knowledge curve has had a low trajectory. Now, it is shooting upward at an astonishing pace. This is changing the nature of society and all aspects of life in profound ways. The knowledge transformation began to gain in pace with the renaissance and the industrial. Each discovery or invention gave rise to another and another in rapid succession.