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3420700
DKE Part 1
Descrição
ECON2540
Sem etiquetas
digital knowledge economy
behavioural economics
innovation
economics
digital marketing
econ2540
bachelor
Mapa Mental por
stella.kalis
, atualizado more than 1 year ago
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Criado por
stella.kalis
aproximadamente 9 anos atrás
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Resumo de Recurso
DKE Part 1
Knowledge Industry as 4th sector of economy
1. Knowledge industries where output is knowledge
E.g. business services, ICT's, education, the arts, media, finance
2. Knowledge activities in non-knowledge industries
Innovation
Produces: Ideas, Experiences, Meaning; rather than Objects
Two Types of Knowledge
1. Codified
2. Tacit - still a place for F2F transmission
Convergence
defn: blurring boundaries between formerly seperate activities
e.g. computers & telecomm = ICTs and Internet; + globalisation = DKE
e.g. work + leisure blending into 24/7 work
lowered Barriers to Entry for services industry
Networks
network organisation, digitisation, digital dsruption
Increased: JV's; Strategic Alliances;
Marshall: Exploit external economies of scale
industry grouping geographically
growth of knowledge as result of observing others (Silicon Valley)
corporate partnerships share knowledge and customer base
Consist of:
Communicating Agents (share common interest)
Unstructured Org
Not a firm or market
Collaboration
Firms look like Network > Heirarchy:
- squashing the triangle
- virtual teams
- quality circles
-attention to triple bottom line
- growing importance of shared vision & values
- rise in stakeholder equity
- CSR
Services Sector Innovation
knowledge based services now driving innovation across OECD
Services = innovative strength of DKE
ICT investments adopted, adapted to produce products & services
e.g. E-delivery of services such as accounting, legal work, tutoring etc.
Internet adoption = business innovation exploded
a) incr. communication & connection
b) incr. speed of innovation
c) greater access
d) faster transaction processing
e) decline in costs of collab
f) e-delivery of servies
Now consumed ad produced seperately
Trade over distance now much easier
e.g. finance (online banking, trading); retail (shopping), music (downloads), education (electures) books (ebooks)
often products result from collaboration
Rising Inequality / Digital Divide
Factors:
destruction of ecosystem
global warming
global poverty
inequality
war / terrorism
globalisation lifted missions out of poverty
Result of:
Access to ICTs
Knowledge of how to use ICTS
can be BETWEEN countries or WITHIN countries
Results in:
Information Rich VS Information Poor
Informational poverty correlated with wealth and income poverty, economic & social opportunities therefore limited
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