Studies show investment in leadership
development yields results in financial
performance, talent attraction and
retention, organizational agility, and
employee productivity.
Learning is the key to success—some would even say survival—in today's organizations. Knowledge should be continuously enriched through both internal and external learning. For this to happen, it is necessary to support and energize organization, people, knowledge, and technology.
When a firm evolves from a domestic entity into a transnational one, the organizational structures too start undergoing changes. The common organization types are Built-in export department and separate export department. There are five basic types of global structures, they include global product structure, global geographic structure, global functional structure, global customer structure and global matrix structure.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/ZEcPAc
Learning is the key to success—some would even say survival—in today's organizations. Knowledge should be continuously enriched through both internal and external learning. For this to happen, it is necessary to support and energize organization, people, knowledge, and technology.
When a firm evolves from a domestic entity into a transnational one, the organizational structures too start undergoing changes. The common organization types are Built-in export department and separate export department. There are five basic types of global structures, they include global product structure, global geographic structure, global functional structure, global customer structure and global matrix structure.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/ZEcPAc
The UAE has been able to quickly and successfully transform itself from an oil-based economy into an innovative, knowledge-based economy; actively promoting innovation through policies and initiatives aimed at developing the three pillars of the innovation ecosystem – human, financial and technological capital
Being the first-ever World Expo to be held in the MENA region and themed as ‘Connecting Minds, Creating the Future’, Dubai Expo 2020 is expected to strengthen the innovation ecosystem in the region.
UAE’s private sector will need to play an increasingly important role in supporting the government’s agenda and promoting the national innovation ecosystem to ensure that the UAE is able to maintain and strengthen its position as a hub for innovation, not just in the Middle East, but across the world.
A Study of National Innovation Systems of GCC countriesBrowne & Mohan
A robust NIS system is a prerequisite for building a successful nation. With huge amount of wealth at their disposal, GCC countries are taking initiatives to transform themselves into knowledge based economies from oil based economies. This paper evaluates the current NIS of GCC countries, shows where they stand when compared to other countries, and how they can learn from countries like Singapore, Brazil, Malaysia, USA and Norway to make their NIS more effective.
Mergers & acquisitions in knowledge economy.pdfkishanankani
The break out of Industrial revolution in the late 18th century, manual labor and animalbased
economy was replaced by machine-based manufacturing. The emphasis on human capital
and intellectual capital is gaining importance in any business model in the present knowledge
economy .The sustenance and development of intellectual capital is closely related to the
creation and maintenance of competitive advantage in the knowledge economy. This has led
many organizations to consider mergers and strategic alliances to strengthen their intellectual
capital and resources.
In India recent trends in the mergers and acquisitions show that major companies are
constantly on prowl for small companies with good intellectual capital that will enhance their
intellectual capital. This is operation in all the sectors.
The paper focuses on the recent trends in the mergers that took place in India, where the
business models are restructured in accordance with the emerging knowledge economy
demands.
Embarking on a journey into the global knowledge economy Mohamed Bouanane
Current trends, whilst important to observe, by no means define a universal destiny for all countries. It is evident from the benchmark study that the information society is on the tipping-point – knowledge is becoming as ubiquitous as data and information has become today. It is unsafe to follow an existing policy, even good policy, because there is no universal destiny for all countries; rather build a unified and convergent strategy that takes into account the country’s own strengthens and weaknesses and seeks to exploit the synergistic combinatorial effects of many sectors working together in harmony to achieve growth and well-being for all citizens. Though far from a universal destination for all countries; the zenith of current holistic thinking is best portrayed by South Korea, it represents the ultimate target to emulate (not to copy) and exceed.
Most countries are seeking to position themselves in the predicted future global knowledge economy. Are they going about it the (same) right way? Are they all trying to win the same race? If so surely the majority of countries will be disappointed since only few countries will be in the top of ranking.
Proposed solutions to the problems associated with the changing nature of wor...OtobongEssiet
MOOC final project on the proposed solution to the issues associated with the changing nature of work.
Over the last century, technology has created more jobs than it has displaced. This column presents an overview of ways in which technology and innovation are changing the nature of work, leading to demand advanced cognitive skills and greater adaptability among workers. The rise of platform marketplaces is also changing the way people work and the terms on which they work, which requires a rethinking of social protection systems.
This book is the fifth in a series. It represents a collection of published research articles in several international journals between 2013 and 2014. They cover topics related mainly to one of the most perilous fields of practice; namely: the advances and use of modern identity management systems for contemporary applications.
In principle, the articles provide critical insights of how the UAE government mainly, and GCC countries in broader sense, envisage and use modern identity management infrastructure, to lay down the building blocks of digital economy. Throughout the articles, identity management is contemplated as a source of growth, with the potential to support more productive and stronger national economies, to foster innovation, competitiveness and user participation, and to contribute effectively to the prosperity of societies as whole.
To allow better reading, articles included in this book were grouped into three categories: smart government, digital identity, and identity applications. They bring in various experimented practices and portray UAE government intentions to fabricate trusted and secure cross-border infrastructure to authenticate and validate electronic identities and for different applications.
Once again and as we emphasized in previous series, these articles are distinguished from those available studies in the existing body of knowledge conducted in the Middle East. Research studies in general are normally conducted by researchers who are very much interested in the academic rigor, rather than its practicality. Also very limited information is normally exposed and distributed about government projects which are by and large characterised to be classified, which makes existing research studies lack some fundamental understanding of issues that makes up the bigger picture.
The research work in this book was written by a senior government official and brings forward key critical insights from several strategic government initiatives, management frameworks, imperative thoughts, reflections, and fundamental lessons learned. This should allow management to deepen their understanding of such projects and practices and better manage the associated risks, and fuse their lines of attack in terms of how similar projects are approached, managed and implemented. In short, the intention of this work is to support the advancement of the researched fields and contribute towards global development of knowledge in order to make this world a better place to live in for everybody.
Porous Organisations
Here is our latest 2030 foresight.
This time we focus on the challenges for the future of work. Increasing competition for talent forces organisations to open their doors to a growing number of independent workers. This makes it difficult to maintain corporate knowledge and becomes a challenge for business big and small. In a highly volatile and increasingly complex landscape, many must learn how to manage a seamless flow of knowledge and ideas so they can adapt to changing customer demands, ensure capabilities are maintained and keep the doors to innovation open. Looking ahead, it seems that only the wealthiest and most attractive organisations (in the main technology companies) will be able to retain the loyalty of their employees. For everyone else, building and preserving corporate know-how within increasingly porous organisational boundaries will become a priority. As ever your thoughts and provocations are very welcome.
To access via website https://www.futureagenda.org/foresights/porous-organisations/
Anyingba - ICT and knowledge-based economy.pdfRasheed Adegoke
A presentation on the role of ICT in the Knowledge Economy. This was delivered to an academic gathering of computing students of the Prince Abubakar Audu (formerly, Kogi State) University.
It identifies the drivers of change in the knowledge society and knowledge economy. It also recommends actions needed by key stakeholders (government, academia and industry) to improve Nigeria's standing in the global knowledge economy.
Information and communication technologies and their effect on economic growt...Alex Thurman
A research paper written for ECON 322: Global Economy: Trade and Development. In this paper, I discuss the affects of Information and Communication Technologies on economic growth. Specifically, I look at how ICTs have been used in Africa and Singapore to develop and stabilize their economies.
U.A.E KNOWLEDGE ECONOMY--PROBLEM IN DEFINING KNOWLEDGE ECONOMY OR INDUSTRYDr. Raju M. Mathew
United Arab Emirates has launched several ambitious programs to become a Knowledge Economy.It will remain as a dream unless the UAE adopts some drastic steps, including defining Knowledge Economy different from Information Economy and Internet Dominated Activities and incorporating new research on Intelligent Internet - Internet of Things/Cities/People.
The major challenge of the UAE in becoming a Knowledge Economy is to redefine 'Knowledge Economy' besides Education and Qualifications. With some idea of 'Knowledge Management' which is Data or Information Management rather than 'Knowledge Management', nobody can create a Knowledge Economy.
The attached YouTube video may be useful in clarifying the concepts of Knowledge, Information, Data, Knowledge Industry, Knowledge Economy, though it discuss more about Kerala.
Introduction to the Psychology of International Cooperation Seventeen motivat...Ira Kristina Lumban Tobing
This booklet was developed by an academic supervisor and a team of coauthors comprised of Japan International Cooperation Agency (JICA) staff members and a consultant, as listed below. The case studies described in this booklet are based on information gathered during research conducted from April to October 2015 in several developing countries as well as in Japan.
The UAE has been able to quickly and successfully transform itself from an oil-based economy into an innovative, knowledge-based economy; actively promoting innovation through policies and initiatives aimed at developing the three pillars of the innovation ecosystem – human, financial and technological capital
Being the first-ever World Expo to be held in the MENA region and themed as ‘Connecting Minds, Creating the Future’, Dubai Expo 2020 is expected to strengthen the innovation ecosystem in the region.
UAE’s private sector will need to play an increasingly important role in supporting the government’s agenda and promoting the national innovation ecosystem to ensure that the UAE is able to maintain and strengthen its position as a hub for innovation, not just in the Middle East, but across the world.
A Study of National Innovation Systems of GCC countriesBrowne & Mohan
A robust NIS system is a prerequisite for building a successful nation. With huge amount of wealth at their disposal, GCC countries are taking initiatives to transform themselves into knowledge based economies from oil based economies. This paper evaluates the current NIS of GCC countries, shows where they stand when compared to other countries, and how they can learn from countries like Singapore, Brazil, Malaysia, USA and Norway to make their NIS more effective.
Mergers & acquisitions in knowledge economy.pdfkishanankani
The break out of Industrial revolution in the late 18th century, manual labor and animalbased
economy was replaced by machine-based manufacturing. The emphasis on human capital
and intellectual capital is gaining importance in any business model in the present knowledge
economy .The sustenance and development of intellectual capital is closely related to the
creation and maintenance of competitive advantage in the knowledge economy. This has led
many organizations to consider mergers and strategic alliances to strengthen their intellectual
capital and resources.
In India recent trends in the mergers and acquisitions show that major companies are
constantly on prowl for small companies with good intellectual capital that will enhance their
intellectual capital. This is operation in all the sectors.
The paper focuses on the recent trends in the mergers that took place in India, where the
business models are restructured in accordance with the emerging knowledge economy
demands.
Embarking on a journey into the global knowledge economy Mohamed Bouanane
Current trends, whilst important to observe, by no means define a universal destiny for all countries. It is evident from the benchmark study that the information society is on the tipping-point – knowledge is becoming as ubiquitous as data and information has become today. It is unsafe to follow an existing policy, even good policy, because there is no universal destiny for all countries; rather build a unified and convergent strategy that takes into account the country’s own strengthens and weaknesses and seeks to exploit the synergistic combinatorial effects of many sectors working together in harmony to achieve growth and well-being for all citizens. Though far from a universal destination for all countries; the zenith of current holistic thinking is best portrayed by South Korea, it represents the ultimate target to emulate (not to copy) and exceed.
Most countries are seeking to position themselves in the predicted future global knowledge economy. Are they going about it the (same) right way? Are they all trying to win the same race? If so surely the majority of countries will be disappointed since only few countries will be in the top of ranking.
Proposed solutions to the problems associated with the changing nature of wor...OtobongEssiet
MOOC final project on the proposed solution to the issues associated with the changing nature of work.
Over the last century, technology has created more jobs than it has displaced. This column presents an overview of ways in which technology and innovation are changing the nature of work, leading to demand advanced cognitive skills and greater adaptability among workers. The rise of platform marketplaces is also changing the way people work and the terms on which they work, which requires a rethinking of social protection systems.
This book is the fifth in a series. It represents a collection of published research articles in several international journals between 2013 and 2014. They cover topics related mainly to one of the most perilous fields of practice; namely: the advances and use of modern identity management systems for contemporary applications.
In principle, the articles provide critical insights of how the UAE government mainly, and GCC countries in broader sense, envisage and use modern identity management infrastructure, to lay down the building blocks of digital economy. Throughout the articles, identity management is contemplated as a source of growth, with the potential to support more productive and stronger national economies, to foster innovation, competitiveness and user participation, and to contribute effectively to the prosperity of societies as whole.
To allow better reading, articles included in this book were grouped into three categories: smart government, digital identity, and identity applications. They bring in various experimented practices and portray UAE government intentions to fabricate trusted and secure cross-border infrastructure to authenticate and validate electronic identities and for different applications.
Once again and as we emphasized in previous series, these articles are distinguished from those available studies in the existing body of knowledge conducted in the Middle East. Research studies in general are normally conducted by researchers who are very much interested in the academic rigor, rather than its practicality. Also very limited information is normally exposed and distributed about government projects which are by and large characterised to be classified, which makes existing research studies lack some fundamental understanding of issues that makes up the bigger picture.
The research work in this book was written by a senior government official and brings forward key critical insights from several strategic government initiatives, management frameworks, imperative thoughts, reflections, and fundamental lessons learned. This should allow management to deepen their understanding of such projects and practices and better manage the associated risks, and fuse their lines of attack in terms of how similar projects are approached, managed and implemented. In short, the intention of this work is to support the advancement of the researched fields and contribute towards global development of knowledge in order to make this world a better place to live in for everybody.
Porous Organisations
Here is our latest 2030 foresight.
This time we focus on the challenges for the future of work. Increasing competition for talent forces organisations to open their doors to a growing number of independent workers. This makes it difficult to maintain corporate knowledge and becomes a challenge for business big and small. In a highly volatile and increasingly complex landscape, many must learn how to manage a seamless flow of knowledge and ideas so they can adapt to changing customer demands, ensure capabilities are maintained and keep the doors to innovation open. Looking ahead, it seems that only the wealthiest and most attractive organisations (in the main technology companies) will be able to retain the loyalty of their employees. For everyone else, building and preserving corporate know-how within increasingly porous organisational boundaries will become a priority. As ever your thoughts and provocations are very welcome.
To access via website https://www.futureagenda.org/foresights/porous-organisations/
Anyingba - ICT and knowledge-based economy.pdfRasheed Adegoke
A presentation on the role of ICT in the Knowledge Economy. This was delivered to an academic gathering of computing students of the Prince Abubakar Audu (formerly, Kogi State) University.
It identifies the drivers of change in the knowledge society and knowledge economy. It also recommends actions needed by key stakeholders (government, academia and industry) to improve Nigeria's standing in the global knowledge economy.
Information and communication technologies and their effect on economic growt...Alex Thurman
A research paper written for ECON 322: Global Economy: Trade and Development. In this paper, I discuss the affects of Information and Communication Technologies on economic growth. Specifically, I look at how ICTs have been used in Africa and Singapore to develop and stabilize their economies.
U.A.E KNOWLEDGE ECONOMY--PROBLEM IN DEFINING KNOWLEDGE ECONOMY OR INDUSTRYDr. Raju M. Mathew
United Arab Emirates has launched several ambitious programs to become a Knowledge Economy.It will remain as a dream unless the UAE adopts some drastic steps, including defining Knowledge Economy different from Information Economy and Internet Dominated Activities and incorporating new research on Intelligent Internet - Internet of Things/Cities/People.
The major challenge of the UAE in becoming a Knowledge Economy is to redefine 'Knowledge Economy' besides Education and Qualifications. With some idea of 'Knowledge Management' which is Data or Information Management rather than 'Knowledge Management', nobody can create a Knowledge Economy.
The attached YouTube video may be useful in clarifying the concepts of Knowledge, Information, Data, Knowledge Industry, Knowledge Economy, though it discuss more about Kerala.
Introduction to the Psychology of International Cooperation Seventeen motivat...Ira Kristina Lumban Tobing
This booklet was developed by an academic supervisor and a team of coauthors comprised of Japan International Cooperation Agency (JICA) staff members and a consultant, as listed below. The case studies described in this booklet are based on information gathered during research conducted from April to October 2015 in several developing countries as well as in Japan.
https://unctad.org/en/Docs/ditccom20081_en.pdf
This report adds to research on the cocoa–chocolate chain. It specifically assesses the issue of
market concentration within the chain, and discusses possible implications for competition
law and policy. The study, which builds on synergies between UNCTAD’s Commodities
Branch and Competition and Consumer Policies Branch, is part of a broader initiative within
the Commodities Branch aimed at enhancing market information and transparency in the
commodity sector.
Guide describing trade and industry practices, as well as regulations applying to cocoa – traces customs
procedures, systems and techniques used at each stage of the cocoa supply chain; reviews trends in
cocoa manufacturing and processing, electronic commerce, cocoa organic farming, fair trade,
sustainable production and environmental issues; also provides list of main sector-related trade and
industry associations; appendices contain detailed statistical data and list of relevant Internet
websites.
http://www.intracen.org/uploadedFiles/intracenorg/Content/Publications/Cocoa%20-%20A%20Guide%20to%20Trade%20Practices%20English.pdf
Subject descriptors: cocoa, trade practices, statistical data.
Study on the costs, advantages and disadvantages of cocoa certification commi...Ira Kristina Lumban Tobing
Over the last decade the importance of social, environmental and economical issues in the cocoa sector has increased considerably. As a consequence, cocoa certification has been placed at the centre of an international debate amongst the cocoa community.
At this moment, there seems to be no consensus on whether certification is positive for farmers or not. Certification is considered by some as an adequate tool to promote sustainability in the cocoa value chain and to improve the livelihoods of cocoa farmers. Other actors involved in the sector seem to be less optimistic on the net benefits that certification offers at farm level and highlight the burden that it can bring in terms of required investments.
In order to provide more clarity to this debate, KPMG was commissioned by ICCO to conduct a study on the costs and benefits of certification, comprising both a quantitative and a qualitative analysis which aim to elicit the costs, net benefits, advantages and disadvantages of cocoa certification.
A Guide to traceAbility A Practical Approach to Advance Sustainability in Glo...Ira Kristina Lumban Tobing
The UN Global Compact and BSR are pleased to issue this guide to help companies and stakeholders understand and advance supply chain traceability, which is the process of iden- tifying and tracking a product or component’s path from raw material to finished good.
This guide represents more than a year of work in preparation, research and interviews.
Analysis of Cocoa Beans Processing And Quality in Post Harvest in South East ...Ira Kristina Lumban Tobing
The best perspective for a farmer would be to create a market for fermented beans in Sulawesi and to create an additional value for the cocoa beans with the implementation of the fermentation on farm-level. The key to maintain a good quality of cocoa beans in the whole value chain is to link all the stakeholders to each other.
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
The Indian economy is classified into different sectors to simplify the analysis and understanding of economic activities. For Class 10, it's essential to grasp the sectors of the Indian economy, understand their characteristics, and recognize their importance. This guide will provide detailed notes on the Sectors of the Indian Economy Class 10, using specific long-tail keywords to enhance comprehension.
For more information, visit-www.vavaclasses.com
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
1. A Driving Force in the
Knowledge Economy
How the Government and Businesses of the
United Arab Emirates are Creating a Vision
for Success
2. A knowledge economy, like the one developing in the
UAE, survives on producing and distributing workers’
knowledge and the information gleaned from technolog-
ical resources. More importantly, a knowledge economy
thrives when those resources come together through
research and development to make jobs more efficient.
Effects of the Knowledge
Economy on Workers
It’s often assumed that because the knowledge economy
prospers around a base of highly-skilled workers that
other sectors with low-skilled workers suffer job losses
and other detrimental consequences. However, this is not
the case. While it’s true that some jobs were affected by
the rise of this economy, it’s also true that the knowledge
economy performs at its best when advancements created
by thought leaders filter to all levels of employment. This
creates growth in all sectors and at all levels, including
leadership.5
And growth is a key goal. But who and what does it take
to reach a place where low-skilled workers truly benefit
from the advancements and discoveries made by those
highly-skilled thought leaders at the top of the pyramid?
THE ROLE OF GOVERNMENT
While it sounds like the knowledge economy is driven
solely by private enterprise, the reality is government
plays a large role in its promotion and advancement. Ac-
cording to the paper “A plan for growth in the knowledge
economy” by The Work Foundation, a part of Lancaster
University that is a leading provider of research-based
analysis, “The world economy is changing at an unprece-
dented rate. The forces of globalization and technological
progress are altering the way that people all over the
Knowledge, or intellectual capital, is a resource that
cannot be easily quantified by accountants, and yet,
its influence is being felt more and more in companies
around the globe as they shift their focus to stay relevant
in what is being called the knowledge economy.1
This term
has been thrown around since the 1960s, but has come
into popularity more recently as companies have begun
to harvest data in place of the natural resources that once
drove economic growth.2
Gone are the days when agriculture and industry drove
many economies. Even the mass-production economy
is being outpaced because the way we think about and
engineer products is changing.3
“A new car today is less
and less the product of metal fabrication and more a smart
machine that uses computer technology to integrate safe-
ty, emissions, entertainment, and performance.”4
Therefore, the old saying ‘knowledge is power’ translated
into today’s digital landscape is more apt to be ‘knowledge
is money.’ Knowledge and technology are taking over
the way we plan, invent, research, and conduct busi-
ness. Since the development of personal computers, the
Internet, e-mail, and
other technological
improvements, soci-
ety continually wants
more advancement,
faster.4
What results
is a society that has
shifted to wanting
something that
doesn’t rust, spoil,
or deteriorate over
time – knowledge.16
THE COMMODITIZATION
OF KNOWLEDGE
This is why in places like the United Arab Emirates (UAE)
knowledge is swiftly becoming one of the most sought
after commodities, and it is hard to imagine a more ideal
one. It cannot be used up. It cannot be depleted. When
it is shared, it increases and expands.3
Put another way,
knowledge begets knowledge. When a company makes
an investment in learning and skills, they strengthen the
economy by giving their employees the tools needed to
add value to their organizations whilst also setting up
a framework to have those benefits filter to other sectors.
It is easy to see why the knowledge economy is becoming
more and more imbedded into our culture and business
style and why it’s flourishing.
The old saying
‘knowledge is power’
translated into today’s
digital landscape
is more apt to be
‘knowledge is money.’
A knowledge economy survives on
producing and distributing workers’
knowledge and the information
gleaned from technological resources.
More importantly, a knowledge
economy thrives when those
resources come together through
research and development to make
jobs more efficient.
2
3. planet make a living. Some coun-
tries, especially in the emerging
world, are using this wave of change
to drive rapid growth in their econ-
omies. Other countries, including
many in the Eurozone, are struggling
to come to terms with these funda-
mental shifts in the global economic
order.”5
Essentially, entire coun-
tries are affected by this economy,
illustrating that businesses are not
the only key players and that they
cannot succeed on their own.
So how can government and business come together to ensure they flourish in today’s knowledge
economy?
First, it takes time. No individual, business, or country can become a success overnight. There is
a great deal of planning and collaboration that must come into play before any group can start ex-
ploring how the knowledge economy can benefit them. In fact, for many countries, this is a discus-
sion and collaboration that has been years in the making.
The paper “A plan for growth in the knowledge economy,” first released in 2011 after two years of
initial research, says, “By 2020, the UK economy will have successfully recovered the output lost
during the 2008/09 recession and will be experiencing sustained economic growth. Unemploy-
ment will have returned to pre-recession levels. This prosperity will have been driven by sustained
growth in the UK’s knowledge economy.”5
Not only did the initial research take two years, but the culmination of all this planning isn’t expect-
ed to be fully in play until 2020. This is why it is so important for businesses and governments to
start putting down roots now. The longer they wait, the further behind they will grow.
FOUR PILLARS OF THE KNOWLEDGE ECONOMY
The next steps companies and countries need to focus on in order to succeed are what The World
Bank calls the four pillars of the knowledge economy:
• Economic Incentive and Institutional Regime
• Innovation and Technological Adoption
• Education and Training
• Information and Communications Technologies Infrastructure7
Economic Incentive and Institutional Regime centers around the idea that governments and
leaders must not only be open to entrepreneurship and creating and sharing new knowledge, but
they must actively promote it.6
In this way, governments must lead by example and encourage
businesses to follow suit. Looking at what tariffs, regulations, and laws are in place can sometimes
indicate how open countries are to this particular pillar.6
“The world economy is changing at
an unprecedented rate. The forces
of globalization and technological
progress are altering the way that
people all over the planet make
a living.” –The Work Foundation,
Lancaster University
3
4. dom to digest and process it as a means of creating more
useful data and technologies.
The four pillars create an environment
where government, employees, and
ordinary citizens not only have access
to information, but have the freedom
to digest and process it as a means
of creating more useful data and
technologies.
A MODEL FOR SUCCESS:
THE UNITED ARAB EMIRATES
One country that not only understands the four pillars, but
is modeling them successfully is the United Arab Emirates.
As part of the UAE Vision 2021 National Agenda, the UAE
is putting concrete plans into place to assure the country
becomes a front-runner in the knowledge economy.
Innovation and Technological Adoption means that
universities, consultants, think tanks, entrepreneurs, and
other inventors must have access to knowledge in order
to create value.6
This could be measured by indicators like
the number of journal articles published or the number of
patents granted. 6
Education and Training plays up the idea that in order for a
country or company to have the highly-skilled workers who
lead the knowledge economy, there needs to be available
education to develop employees and citizens into these
leaders.6
This can be measured by looking at factors like
school enrollment rates and adult literacy rates. 6
The Information and Communications Technologies
Infrastructure needs to be one that allows for direct and
efficient communication between groups. This includes
looking at how many people have computers, phones,
and Internet connections so that information can be pro-
cessed and shared.6
Overall, these four pillars create an environment where
government, employees, and ordinary citizens not only
have access to information, but where they have the free-
FOUR PILLARS OF THE KNOWLEDGE ECONOMY
Economic Incentive and Institutional Regime
Governments and leaders must be open to and actively promote
entrepreneurship and the creation and sharing of new knowledge.6
Innovation and Technological Adoption
Universities, consultants, think tanks, entrepreneurs, and other
inventors must have access to knowledge in order to create value.6
Education and Training
Education must be available in order to develop the highly-skilled
workforce needed to lead the economy.6
Information and Communications Technologies
Infrastructure
Infrastructure must allow for direct and efficient communication.6
4
5. Economic Incentive and
Institutional Regime
The UAE is succeeding at the first pillar, Economic In-
centive and Institutional Regime, by actively supporting
and promoting the UAE Vision 2021. This agenda plans
to focus “on the UAE becoming the economic, touristic,
and commercial capital for more than two billion people by
transitioning to a knowledge-based economy, promoting
innovation and research and development, strengthening
the regulatory framework for key sectors, and encouraging
high value-adding sectors. These will improve the coun-
try’s business environment and increase its attractiveness
to foreign investment.” 8
Not only is the UAE forward thinking in this matter, but
they are building toward results. “Sound economic policies
and development strategies have allowed the UAE to
achieve a prominent status in the world economy.” 28
In the
2011-2012 Global Competitiveness Index, the UAE ranked
27th. 34
In the 2014-2015 rankings, they have moved up
to 12th place, and they rank first for the Middle East and
North Africa regions.28, 33, 34
By supporting entrepreneurs
5
As reported by the World Economic Forum, these rankings were determined by
assessment of more than 140 economies across the globe.34
2011-2012 2014-2015
Global Competitive Index Ranking 27 12
Basic Requirements 10 2
Institutions 22 7
Infrastructure 8 3
Macroeconomic environment 11 5
Health and primary education 41 38
Efficiency enhancers 25 14
Higher education and training 33 6
Goods market efficiency 10 3
Labor market efficiency 28 8
Financial market development 33 17
Technological readiness 30 24
Innovation and sophistication factors 27 21
Business sophistication 23 14
Innovation 28 24
HOW THE UAE RANKS IN THE GLOBAL ECONOMY
and business start-ups, the UAE will continue to see
results like these that point toward success in a
knowledge economy.
Innovation and Technological Adoption
The UAE meets the demands of the second pillar, Inno-
vation and Technological Adoption, by striving “to instill an
entrepreneurial culture in schools and universities to foster
generations endowed with leadership, creativity, respon-
sibility, and ambition. This will allow the UAE to be among
the best in the world in ease of doing business, innovation,
entrepreneurship, and R&D indicators.”8
They also plan to
establish themselves as an academic hub by attracting top
professors so that students will have access to the very
thought leaders who are responsible for writing and ad-
vancing the journals and ideas which are driving success
in other countries.30
However, they are already seeing
improvements. According to the Global Competitiveness
Index, in 2011-2012 they ranked 28th for Innovation. 35
In 2014-2015, they’d moved up to 24th. 36
6. developing.20
The UAE is on the right track, and theirs is a
prime example to follow because they implemented their
plan in 2010 and are continuing to build upon it to reach
their goal of thriving in the knowledge economy.
Investing For Success in the
Knowledge Economy
While advanced planning with a focus on the four pillars
factors into success, there are steps businesses and
governments can take now to get on track and follow the
example set by the UAE.
Education Investment
Countries can take the first step by actively nurturing
highly-skilled workers. They can ensure their educational
systems present classes consistent with the skills students
will need as they transition to employees. Further, “uni-
versities need to carry out constant assessment of their
own performance, strive to recruit the very best staff, and
invest heavily in research.” 23
Only through a combination
of the right courses with the right professors will a country
organically develop the talent they will need to make them
leaders in this economy.
Banks in the UAE recognize this. “One of the biggest
challenges facing the banks today, and Islamic banks
in particular, is a shortage of skilled professionals who
will become the next-generation of banking leaders and
administrators. Today, the demand for banking skills is
outstripping [supply], and there is a pressing need to
supplement the existing education and training programs
to provide the necessary talent to support the growing de-
mand for banking services.” 24
But, like any thought leader
of the knowledge economy, they also recognize what it will
take to correct this. “It is time for the nation’s banking in-
dustry to take the long-term view when it comes to having
a skilled and knowledgeable talent pool. And that means
corporate financial education in different forms — short-
term training based on the needs of the banks, as well as
long-term undergraduate and diploma degrees.” 24
The Case for National Hiring
Countries need to take nurturing students one step further
and help assure them jobs will be available to them. “The
UAE and the Middle East once attracted foreign white-collar
workers in droves.”25
But those days are gone since some
groups in the UAE and surrounding countries now require
that nationals be hired for positions. “There is a definite pref-
erence in certain sectors like banking, where there is high
demand for nationals. Moreover, some positions in certain
Education and Training
The UAE is succeeding at the third pillar, Education and
Training, by emphasizing “the development of a first-rate
education system, which will require a complete trans-
formation of the current education system and teaching
methods.” 21
The UAE aims to equip all schools and
students with smart systems and devices, like iPads.21
They also promote enrollment in preschools and work
to have graduation rates from secondary schools reach
international standards.21
Their goal is for students to “rank
among the best in the world in reading, mathematics and
science exams and to have a strong knowledge of the
Arabic language.” 21
Already, according to the Global
Competitive Index, the UAE has improved in Higher
education and training, moving from ranking 33rd in
2011-2012 to ranking 6th in 2014-2015. 35, 36
Moreover,
they strive “to have exceptional leadership and
internationally accredited teaching staff.” 21
While it is clear by these goals and advancements that
the UAE is dedicated to the education of its students by
paying “significant expenditures on education,” they do not
stop at training their students.31
The UAE government is
also aware of the need to train and educate employees.
In 2014 alone, the Abu Dhabi Chamber of Commerce and
Industry executed 112 training programs for all Chamber
employees.32
They recognize the competitive edge pro-
fessional training can grant to employees, and they have
plans to continue training in the future.32
Information and Communications
Technologies Infrastructure
By looking at results, it’s clear the UAE is adhering to the
fourth pillar, the Information and Communications Tech-
nologies Infrastructure, by improving Internet accessibility.
From 2010 to 2012, the number of individuals with access
to the Internet rose nearly 20 percent.19
The number of
mobile-cellular subscriptions also increased in that same
time period.19
Further, the UAE Vision 2021 National
Agenda website supports this pillar by using the Inter-
net to share knowledge. Their site indexes 12 indicators
used to monitor growth and success. This index includes
everything from how much they spend on research and
development as a percentage of the Gross Domestic
Product to the Gross National Income per capita, which
is knowledge they can use to beget other knowledge – a
central tenant of the knowledge economy.
By following the four pillars, the UAE has established a plan
for success. They are strengthening their education and
training systems, are open to entrepreneurship, and are
improving access to knowledge and information. And it’s
already having an effect. New jobs and roles are already
6
7. Eighty-six percent of companies with strategic leadership
development respond rapidly to change9
, and responding
to change is what companies must do now in order to catch
up to competitors who are already adapting to the new mar-
ketplace. Every dollar spent on leadership development has
shown a return investment of $2.20 USD9, 37
, so companies
can develop competent leaders without hurting their bottom
lines. Moreover, not only will leadership and management
play a huge role in whether or not a company can envi-
sion and execute a plan to succeed, but studies show that
investment in leadership development yields results in
financial performance, talent attraction and retention, organ-
izational agility, and employee productivity.9
Perhaps this
is why one study of large businesses in the UAE reported
that “86 percent of organizations deliver job-specific training
programs, 67 percent deliver general management pro-
grams, and 95 percent deliver programs that focus on skills
development. All organizations agreed that a main purpose
of their training and development activity is to improve work
performance, and 59 percent mentioned that they particu-
larly target the training and development of UAE nationals.”
22
The UAE recognizes that having strong, informed leaders
positions an entire company for success.
While leaders set the pace and example, success will still
depend largely on how well equipped employees are to
face today’s economic challenges. Just as the Abu Dhabi
Chamber of Commerce and Industry recognized when
training its employees, opening up avenues, whether they
are to courses and certifications or to online libraries and
on-the-job training, can put employees on the path to
becoming leaders of the knowledge economy. Success-
fully training managers and supervisors can result in a 24
percent higher profit margin, and as an added benefit, 31
percent of employees cite training/education as a benefit
that would increase engagement and loyalty.17, 15, 18
countries in the region are limited to their nationals.
For example, in Saudi Arabia, [human resources] roles are
now being dedicated to local nationals in an effort to encour-
age more talent from the country into the private sector.”25
By ensuring jobs are filled by nationals, the UAE and its
surrounding countries are effectively keeping more money in
their economy, which only serves to strengthen it further. 26
Leadership Development and
Employee Investment
While governments and universities are doing their part,
for businesses, the knowledge economy is primarily about
investing in intellectual capital, and there’s no better
source than employees. Respectively, when companies
are looking for an effective place to invest time and mon-
ey, employees are a good place to start.
Studies show investment in leadership
development yields results in financial
performance, talent attraction and
retention, organizational agility, and
employee productivity.
Since the knowledge economy is driven by highly-skilled
workers, it makes sense that companies would want to do
all they can to either develop existing employees or attract
skilled workers. Companies can start by ensuring they
have leaders in place who have the ability to guide them
through the changes needed in order to prosper.
7
INVEST FOR SUCCESS:
LEADERSHIP DEVELOPMENT AND TRAINING
Each dollar spent
on leadership
development shows a
$2.20 return
on investment.
86% percent of
companies with
strategic leadership
development
respond rapidly to
change.
Successfully training
managers and
supervisors can result in
24% higher profit
margins.
31% of employees cite
training/education as a
benefit increasing
engagement and
loyalty.
$
$$
86% 31%
TRAINING
PROFITMARGIN
ENGAGEMENT
LOYALTY
8. UAE TRAINING AND DEVELOPMENT
One study of large businesses in the UAE reported:
–International Journal of Training and Development
Driving
Force
However, with training and development spend rising by 15 percent in 2013 alone, busi-
nesses would be wise to consider cost effective avenues.10
They may want to consider
services that excel at nurturing a person through their education years and well into
their careers. Companies that supply these services can provide everything from com-
puter skills training to help developing leadership qualities. Some even include access
to online libraries, online training courses, and programs that pinpoint an employee’s
working style to see how they can best collaborate with colleagues. Investing in this
type of all-encompassing service can align employees around central goals and expec-
tations while also providing them with the skills training they need in order to achieve
those goals and help the company thrive.
Employee Retention
Yet, investing in an employee means nothing if a company cannot retain them. Thirty-two
percent of companies struggle to retain top talent, and only 34 percent of companies
focus on developing and retaining current employees. 11, 12, 18
Moreover, replacing an ex-
perienced worker can cost a company greatly, upwards of 50 percent of that individual’s
annual salary.13, 18
But simply investing in employees, as the knowledge economy calls
for, will increase the rate of retention. In a survey about employee retention in the Middle
East and North Africa, nearly 15 percent of respondents stated that training and develop-
ment opportunities were the most important factor for employee retention. 27
This is why it
is imperative that companies focus on office culture, employee engagement, and training
and advancement opportunities because employees who have opportunities to develop
are twice as likely to say they will spend their careers with their company.14, 18
Once an organization has empowered its leaders and
employees with the necessary skills, that company will
have taken significant steps towards being a driving force in
the knowledge economy.
Offer job-specific
training programs
Offer general
management
programs
Offer skills
development
programs
Reported targeted training
and development
of nationals22
67%86% 95% 59%
8
9. About Wiley
Wiley is a global provider of knowledge and knowledge-enabled
services that improve outcomes in areas of research,
professional practice and education. Through the Research
segment, the Company provides digital and print scientific,
technical, medical, and scholarly journals, reference works,
books, database services, and advertising. The Professional
Development segment provides digital and print books, online
assessment and training services, and test prep and certification.
In Education, Wiley provides education solutions including online
program management services for higher education institutions
and course management tools for instructors and students, as well
as print and digital content.
Success in the knowledge economy is reliant upon effective
leadership development, targeted talent solutions, and education.
Businesses globally and governments such as that of the UAE
have recognized the importance of being successful in this
growing economy and are already reaping the benefits. Once
an organization has empowered its leaders and employees with
the necessary skills, that company will have taken significant
steps towards being a driving force in the knowledge economy.
Making an investment in learning and skills, strengthens the wider
economy whilst adding measurable value to organizations.
To learn more about positioning your organization and
equipping your staff to excel in the knowledge economy,
get in touch with Wiley:
Lowri Gregg
Associate Market Development Manager
lgregg@wiley.com
9