The structural components of a knowledge-based economy

Little to no research exists to explain the structural components associated with the successful establishment of a knowledge-based economy. Nearly all developed countries are transitioning from service-based to knowledge-based and yet how to do so effectively and efficiently remains a mystery. The purpose of this research is to address this oversight. Based upon a review of the literature, five structural components of knowledge-based economies are identified and described. The five components consist of a foundation of information and communications technology, open innovation, education, knowledge management and creativity. At the macro-level, those seeking to establish a knowledge-based economy, whether local, regional or national, will be best served by following the structural template described. Policies and procedures to foster advances in each of the structural components should be developed strategically.

[1]  John Psarras,et al.  Education and training in the knowledge‐based economy , 2006 .

[2]  Angappa Gunasekaran,et al.  Mapping the global digital divide , 2011, Int. J. Bus. Inf. Syst..

[3]  Loet Leydesdorff,et al.  “While a Storm is Raging on the Open Sea”: Regional Development in a Knowledge-based Economy , 2009, 0911.3424.

[4]  Michael A. Peters,et al.  Three Forms of the Knowledge Economy: Learning, Creativity and Openness , 2010 .

[5]  Björn Remneland-Wikhamn Path dependence as a barrier for ‘soft’ and ‘open’ innovation , 2011 .

[6]  Teresa M. Amabile,et al.  Assessing the Work Environment for Creativity , 1996 .

[7]  Jay Liebowitz,et al.  Knowledge management and its link to artificial intelligence , 2001, Expert Syst. Appl..

[8]  David Gurteen,et al.  Knowledge, Creativity and Innovation , 1998, J. Knowl. Manag..

[9]  K. Ganesh,et al.  Towards taxonomy architecture of knowledge management for third‐party logistics service provider , 2011 .

[10]  B. Godin The Knowledge-Based Economy: Conceptual Framework or Buzzword? , 2006 .

[11]  Jay Liebowitz Two forgotten elements of a knowledge management strategy , 2008 .

[12]  Omar E. M. Khalil,et al.  Understanding the knowledge management‐intellectual capital relationship: a two‐way analysis , 2011 .

[13]  Loet Leydesdorff,et al.  The Knowledge-Based Economy , 2006 .

[14]  J. Liebowitz,et al.  Developing knowledge management metrics for measuring intellectual capital , 2000 .

[15]  D. Steven White,et al.  Putting the world in the world wide web: the globalisation of the internet , 2007, Int. J. Bus. Inf. Syst..

[16]  Mirghani Mohamed,et al.  The role of information and communication technology (ICT) in mobilization of sustainable development knowledge: a quantitative evaluation , 2010, J. Knowl. Manag..

[17]  K. Alrawi,et al.  A new initiative of knowledge management practices in Dubai Islamic Bank operations , 2011 .

[18]  W. Powell,et al.  The Knowledge Economy , 2004 .

[19]  Stefania Borghini,et al.  Journal of Knowledge Management Emerald Article : Organizational creativity : breaking equilibrium and order to innovate , 2014 .

[20]  Miri Yemini Tacit world – how to manage global virtual teams in high-tech organisations? Management by molecular self-assembly , 2012 .

[21]  Catherine L. Wang,et al.  Organisational Learning: A Critical Review. , 2003 .

[22]  Danny Quah,et al.  Spatial Agglomeration Dynamics , 2002 .

[23]  G. Tassey Policy Issues for R&D Investment in a Knowledge-Based Economy , 2004 .

[24]  Omar E. M. Khalil,et al.  Knowledge Management and organizational Performance in the Egyptian software Firms , 2007, Int. J. Knowl. Manag..

[25]  Ragna Seidler-de Alwis,et al.  The use of tacit knowledge within innovative companies: knowledge management in innovative enterprises , 2008, J. Knowl. Manag..

[26]  Matthew H. Roy,et al.  Performance measures and metrics for the creative economy , 2014 .

[27]  R. Leon CREATING THE FUTURE KNOWLEDGE WORKER , 2011 .

[28]  H. Chesbrough The Era of Open Innovation , 2003 .

[29]  D. Faems,et al.  Book review: Open Innovation: Researching a New Paradigm / by H. Chesbrough, W. Vanhaverbeke and J. West. - Oxford University Press. - ISBN 978-0-19929072-7 , 2008 .

[30]  Ram Subramanian,et al.  The evolution of research and development in the pharmaceutical industry: toward the open innovation model – can pharma reinvent itself? , 2011 .

[31]  J. Psarras,et al.  A coherent framework for building successful KCs in the context of the knowledge-based economy , 2006 .

[32]  S. A. Tipu Open innovation process in developing-country manufacturing organisations: extending the Stage-Gate model , 2012 .

[33]  Dafna Schwartz,et al.  The Regional Location of Knowledge Based Economy Activities in Israel , 2006 .

[34]  Chih-Kai Chen,et al.  Causal modeling of knowledge‐based economy , 2008 .

[35]  H. Chesbrough,et al.  Open Innovation: A New Paradigm for Understanding Industrial Innovation , 2006 .

[36]  Stefan Koch,et al.  Open source as a sourcing strategy for corporations , 2011 .

[37]  M. Bogers The Open Innovation Paradox: Knowledge Sharing and Protection in R&D Collaborations , 2010 .

[38]  Dave Jones,et al.  Delivering on the promise of open innovation , 2010 .

[39]  J. Liebowitz,et al.  Knowledge Organizations: What Every Manager Should Know , 1998 .

[40]  Roger J. Willett,et al.  Building a knowledge‐based business school , 2001 .

[41]  Making Knowledge Workers More Creative , 2008 .

[42]  Ricky W. Griffin,et al.  Toward a Theory of Organizational Creativity , 1993 .

[43]  Marko Torkkeli,et al.  A framework for comparing regional open innovation systems in Russia , 2011 .

[44]  A Knowledge-Based Economy: New Directions of Macromodelling , 2008 .

[45]  Marko Torkkeli,et al.  Open innovation in Russian firms: an empirical investigation of technology commercialisation and acquisition , 2011 .

[46]  Jay Liebowitz,et al.  Building Organizational Intelligence , 2019 .