By José Maria Viedma Marti, Maria do Rosario Cabrita
Offers readers with a complete assessment of ways to accomplish entrepreneurial excellence within the wisdom financial system and gives them ICBS - a strategy for technique check-up of enterprises within the wisdom economic climate context.
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Extra info for Entrepreneurial Excellence in the Knowledge Economy: Intellectual Capital Benchmarking Systems
As a consequence, a new kind of organization (knowledge-based communities), and production (knowledge systems) is spearheading the phenomenon. David and Foray (2003:21) define knowledge-based communities as ‘networks of individuals striving, first and foremost, to produce and circulate new knowledge and working for different, even rival, organizations’. Knowledge systems represent a network of knowledge and practice (for example communities of practice (CoP)) that leads to outcomes (for example more knowledge, intellectual property, structural change, employment levels, skill levels, and quality of life) through actors (for example governments, enterprises, public institutions, universities) which are engaged in activities (such as R&D, innovation, diffusion of practices and technologies), and some kind of linkages (for example, networks, alliances, partnerships).
The main argument is that the production, distribution and use of knowledge in an economy is ‘everything and nothing because all economies are in some way based on knowledge’ (Smith, 2002:6–7). Indeed, the notion that knowledge plays an important role in the economy is not new. All economies have been based on knowledge about how to farm, to produce or to build and the key to economic success is always linked to the advances in knowledge creation and the ability of a nation to translate knowledge into value to a society.
Contextually, philosophical and scientific knowledge were produced and disseminated during the Middle Ages in various traditional knowledge institutions, where churches, monasteries or universities are among the most important of those institutions. Today, knowledge is created, leveraged and applied in the context of business organizations. The Knowledge Economy 21 Knowledge is socially constructed and essentially, the most important way to manage knowledge is to create contexts where knowledge can grow and flourish.
Entrepreneurial Excellence in the Knowledge Economy: Intellectual Capital Benchmarking Systems by José Maria Viedma Marti, Maria do Rosario Cabrita