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Lesson #3: Knowledge is Your Most Important Capital
“Times were really tough in the beginning,” recalls Li Ka-shing. “When I started my business in 1950, I only had HK$50,000, so I was in a tight spot financially. I already had some work experience, but I had an advantage in competing with other companies – I was willing to learn the latest industry trends.”

What is Your Competitive Advantage?
Two new baby-easy long-term memory strategies. Learn these and folks will think you are Al Einstein reincarnated. Start now.
Knowledge (Intellectual) Capital is a firm’s source of
“Today's most technologically advanced economies are truly knowledge-based” World Development Report, 1999. For countries in the vanguard of the world economy, the balance between knowledge and resources has shifted so far towards the former, that knowledge has become perhaps the most important factor determining the standard of living - more than land, tools and labor.

The Changing World of Work
Do you find that your organization is constantly changing, that you are not sure what organization you are working for let alone your job description? Has your job changed as a result of downsizing, out sizing and rightsizing and that it leaves you with more to do and less time? Do you find that you struggle to put your life in balance and that work is an overwhelming amount of time in your life? Do you question, “Am I in the right job?” If you answer “yes” to any of these questions, you are not alone. The world of work is changing and becoming more demanding. You need to change with it. But how?

Other knowledge economy Related Articles

Knowledge And The Intellectural Capital Of The Organization
In the new economy of the millennium, knowledge has emerged as an asset to be valued, developed and managed. The quest for knowledge is not new: in the fourth century BC, Aristotle noted "All men by nature desire knowledge." Now, 25 centuries later, knowledge drives the global economy. No longer is knowledge considered only an individual's personal wisdom; knowledge is a component of the intellectual capital of organizations (Stewart 1997).

The Value Of Knowledge To The Organization
Since knowledge is an intangible asset, it is difficult to assign a value to it. Its amorphous nature exacerbates this difficulty. Lew Platt, former CEO of Hewlett Packard, has acknowledged the dilemma: "If HP know what HP knows, we would be three times as profitable." Intellectual capital is collective knowledge, but who collects it and who disseminates it? Successful and competitive organizations are rich in knowledge, but whose knowledge is it and and who assigns value to it? Values assigned to knowledge may differ. For example, knowledge May have one value for the organization, another for shareholders, yet another for current and potential partners, and still one more for individuals within the organization.
Learning Organizations is Action Oriented
Execute. Implement. Stop talking and do something. Actions speak louder than words. If you have a learning organization, it needs to be a doing organization too. No matter how you put it, the evidence is rolling in: The distinction between so called “old economy” and “new economy” companies are overblown. Regardless of industry, knowing what to do isn’t enough. Those companies and business units that dominate their competitors win by turning knowledge into action.
Knowledge (Intellectual) Capital is a firm’s source of
“Today's most technologically advanced economies are truly knowledge-based” World Development Report, 1999. For countries in the vanguard of the world economy, the balance between knowledge and resources has shifted so far towards the former, that knowledge has become perhaps the most important factor determining the standard of living - more than land, tools and labor.

Got Creativity or Hot Air?
We live in the Knowledge Economy, and without Creativity, you got nothing. Are there secrets to discovering how-to- be seen as a creative hot-shot?
Unemployed or Employed: Are You Prepared for the New Workplace?
The driving force of the knowledge age is the human mind! Our economy will grow only if we grow our human capital potential. You will grow as an individual only if you grow your knowledge base. Most importantly, because job requirements change so often “life-long learning skills” have become critical to staying employed. A solid worker in the knowledge age – one who will stay employed – must have the ability to move effortlessly from project to project.
Why entrepreneurs adjust their thinking when business failure is not an option
A true entrepreneur only sees opportunities and the chance to make a lot of money. In a down economy they see it as the time to build greater knowledge, strength and resources to be ready for the inevitable upturn in the economy. However, we if we are not wired like the true entrepreneur we need to remind ourselves of what it takes to keep going and get to the next level.
Intellectual Property Rights - The Chinese Challenge
Doing business with China presents many opportunities but with that come many challenges too. Different attitudes towards knowledge and rules means that China is perhaps culturally opposed to the very notion of intellectual property. Chinese culture respects the knowledge itself and not the ownership of that knowledge and this culture has slowly developed over 5000 years. Moves are being made within China to address the issue of IP ownership, there are more courts, trials and prosecutions but Western organisations will still need to tread with caution regarding their IP rights when it comes to doing business in this exciting economy.
Sales 101: Product Knowledge
As critical as product knowledge is to sales success, it often gets ignored or disregarded even by the most seasoned salesperson. In this sales climate, in this economy... is that an option? I think we both know the answer to that. Learn the importance of product knowledge and discover why you need to pay attention.
Knowledge Is Not Power – It’s What You Do With That Knowledge, That’s What Really Counts
That’s right. Knowledge is not power. Nope. This is one of the biggest lies out there. Try this instead: “It is the implementation of knowledge that is the real power”. You see it isn’t what you know that matters, it’s what you do that counts. Knowledge alone won’t fix a thing. It’s what you do with that knowledge; that’s what will make the difference.

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