MGMT 1000 Study Guide - Midterm Guide: Knowledge Economy, Peter Senge, Learning Organization
6 Oct 2011
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Week 1: the importance of a knowledge economy http://bba. nms. schulich. yorku. ca/courseoutline/c_bba_1_1_1. asp. 11-09-27 1:52 pm businesses today are the leading forces that are driving society towards a better future (week 2) Ultimately, change is the source of these challenges. In the 21st century, the economy has undergone a vast shift in economic structure from physical assets to a knowledge-based economy. Due to this shift, organizations are now facing challenges of: Continually organizing itself to achieve it"s underlying goals. Constantly being on the quest for innovation and acting on opportunities while overcoming competition. Responding to possible threats that are faced, whether internally ore externally. 1. 1 meeting the challenge of a knowledge economy (newmindsets) Physically based economy knowledge based economy . (land, labour, financial capital: but for most of recorded time the knowledge curve has had a low trajectory. Now, it is shooting upwards at an astonishing pace.
