week 1 lecture - Week 1 1.1 Meeting the Challenge of a Knowledge Economy Continuous learning has changed from being a luxury to a necessity Knowledge is

week 1 lecture - Week 1 1.1 Meeting the Challenge of a...

This preview shows page 1 - 2 out of 2 pages.

Week 1 1.1 Meeting the Challenge of a Knowledge Economy Continuous learning has changed from being a luxury to a necessity Knowledge is a key factor of production alongside land, labour, and financial capital Importance of: o Continous innovation o Collaborative learning o Competitive advantage To be successful in a knowledge economy, its important to "learn to learn" and develop your intellectual capital 1.2 The Rationale for Developing Learning Organizations Learning organizations that promote people's creativity are crucial to dealing with new challenges People bring forward ideas and innovations which create new value Reasons for striving to be a "Learning Organization" o Generate Renewable Resources o Create New Knowledge and Value o Create a Sustainable Advantage o Foster Growth and Human Development o Create New Niches o Foster Adaptability and Change 1.3 Mechanization Takes Command Machines influence every aspect of our lives, increased productive abilities

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture