A knowledge economy is characterized by the importance of intellectual capital over physical products, with key features such as skilled labor, innovation, and information access. Knowledge workers, who provide vital intellectual resources, exemplify this economy through roles in various fields including software, education, and consulting. Essential skills for these workers include critical thinking, leadership, communication, and technological proficiency.

1. KNOWLEDGE ECONOMY
BANELE P. FALTEIN
School Library and Information Centre (SLICS)

2. CONTENT
What is a Knowledge Economy?
Examples of a knowledge economy.
Characteristics of a knowledge economy.
Knowledge workers.
Skills of a knowledge worker.

3. KNOWLEDGE
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4. WHAT IS A
KNOWLEDGE
ECONOMY?
A knowledge economy is a system of
consumption and production in which
intellectual capital is central (Hayes, 2024).
It is an economy where knowledge is more
important than raw materials or physical
products.
According to Raconteur (2014), we live in a
knowledge society, where knowledge that
cannot be found anywhere else is appreciated
and prioritized.
In a knowledge economy, employees’
intellectual capabilities are more essential than
their physical abilities.

5. A KNOWLEDGE ECONOMY
https://www.consultationmanager.com/wp-content/uploads/201
7/08/knowledge-sharing-across-internal-teams.png

6. CHARACTERISTICS OF A KNOWLEDGE
ECONOMY…
According to Management Consulted (2023), a knowledge economy can be
identified by 10 characteristics.
1. Institutional structures that encourage entrepreneurship and knowledge
consumption.
2. Availability of skilled labor and a good education system.
3. Provides access to Information and Communications Technology (ICT).
4. Growth in demand for workers in STEM subjects.
5. The development of ‘clusters’ in certain geographic regions.

7. CHARACTERISTICS CONTINUED…
6. A vibrant innovation landscape that includes the
academic work, the private sector, and civil society.
7. An abrupt rise in the number of patents.
8. Knowledge exchange between organizations.
9. Producers and uses driven by innovation.
10. The global spread of knowledge.

8. EXAMPLES OF A
KNOWLEDGE
ECONOMY…
Software Development
Psychology
Digital Media
Academic Institutions
Insurance brokers

9. FUN FACT:
According to Hillshow (2015),
knowledge economies are
mostly found in developed
countries.
What do you think is the
reason for that?

10. KNOWLEDGE
WORKERS
REFERS TO WORKERS IN AN ORGANIZATION WHO
BRING KNOWLEDGE AND SORTED INFORMATION AS
THEIR RESOURCE, CONTRIBUTING TO THEIR
ABILITIES TO SOLVE PROBLEMS. (PATWA, 2017)
KNOWLEDGE WORKERS PROVIDE COMPANIES
WITH INTELLECTUAL CAPITAL, WHICH IS AN
ESSENTIAL RESOURCE IN A KNOWLEDGE
ECONOMY
FOR EXAMPLE, LEGAL ADVISORS, TEACHERS OR
LECTURERS, SOFTWARE DESIGNERS, ETC.

11. SKILLS OF A KNOWLEDGE
WORKER
• A knowledge worker in a knowledge
economy must have 7 skills:
 Thinking skills
 Teamwork & Leadership skills
 Communication skills
 Lifelong learning skills
 Technology use skills
 Ethics and professionalism
 Personal management

12. ARE YOU A KNOWLEDGE WORKER?

13. REFERENCES
Hayes, A. (2024, June 15). What Is the Knowledge Economy? Definition, Criteria, and Example.
Investopedia. Retrieved August 15, 2024, from
https://www.investopedia.com/terms/k/knowledge-economy.asp
Hillshow, A. (2015, October 7). Knowledge Economy-simple PPT [Slide show]. SlideShare.
https://www.slideshare.net/amithajayanajayan/knowledge-economy-simple-ppt
Patwa, R. (2017, November 12). Knowledge worker [Slide show]. slideshare.
https://www.slideshare.net/slideshow/knowledge-worker-81930473/81930473
Knowledge Economy: Overview & characteristics. (2023, November 17). Management
Consulted. Retrieved August 17, 2024, from
https://managementconsulted.com/knowledge-economy/
Raconteur. (2014, June 22). The Knowledge Economy [Slide show]. Slideshare.
https://www.slideshare.net/slideshow/the-knowledge-economy-37238422/37238422

14. THANK YOU!!