Answer to Question #205475 in Management for Prabhdeep

Question

Subject: knowledge Management

What are the main issues in developing knowledge economy? ( please give at least 8 issues with elaboration )

Answer 1

Management

The move to distributed systems adds value, expands flexibility, and lowers costs. Distributed knowledge creation systems, on the other hand, magnify skill's propensity to fragment through specialization and specialized application.

ICTs

To manage the expenses of training and coordination, information and communication technologies are essential. The inclination to share or contribute knowledge is influenced by the expense of doing so as well as the usage of information technology extensively.

Control and Openness

The way innovators capture a portion of the public surplus created by the invention is changing because of distributed networks of invention and learning. The formulation and implementation of intellectual property rights can become complicated, burdensome, and even counterproductive in many collective learning scenarios and collaborative ventures.

Proximity and Location

Geopolitical obstacles are substantially bypassed by dispersed systems based on ICTs, allowing for nearly unrestricted distribution of codified knowledge around the world. The position and intensity of spatially dispersed professional communities currently dominate the geography of creativity.

Trust and Quality

ICTs open up new avenues for collaboration, data exchange, and distance training. While these channels substantially increase access to information and expertise, they frequently circumvent or impair traditional methods of building trust.

Policy

The landscape is shifting as new demands and methods arise to facilitate cross-sector knowledge flows or to take advantage of shared costs and advantages. While knowledge transfers are typically beneficial, the interaction of various beliefs, expectations, and policy regimes frequently causes conflict.

Integration

It inspires new initiatives in modularization, specialty, creative task allocation, and high-level integration, including the creation and application of integrated knowledge such as rules, conventions, interfaces, common architectures, and systems.

Infrastructure

Infrastructure is essential for cost-cutting.