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K - ACQUISITION (PART 1) - Coggle Diagram
K - ACQUISITION (PART 1)
K - ECONOMY
DEFINITION
- The knowledge economy is a system of consumption and production that is based on intellectual capital
- To enhance knowledge distribution and benefit from new working practices collaborative networks can help.
- Not dependent on natural resources
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- Co-exist with agriculture and industry
RATIONALE FOR K - ECONOMY
- To seek higher value-added
- To sustain competitiveness
K - COMPANY
DEFINITION
- Also known as 'Knowledge Enterprise'.
- Knowledge enterprise are defined as enterprises where knowledge and knowledge-based products are offered to the market.
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- Making a business out knowledge
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K - CAPITAL
INTELLECTUAL CAPITAL
- Any asset that cannot be measured but is used by a company to its advantage
HUMAN CAPITAL
- Human capital refers to knowledge, education, work competence, and psychometric evaluations
- Thinkers, Inventors, Innovators
- Not money, not machine
- Educations
- Skills
- Ability
- Productivity
- Work Experience
- Particular Expertise
STRUCTURAL CAPITAL
- Represents the assets that complement the company’s human and process capital and enable the creation of value
- Management philosophy
- Methods
- Processes
- Procedures
- Tools
- Data
- Documentation
- Media
- Intellectual Property
CUSTOMER CAPITAL
- Value of relationships that a firm builds with its customers
- Corporate Brands
- Market Reputation
- Corporate Advocates
- Customers
- Customer Loyalty
- Distribution Channels
- Business Collaboration