INTRODUCTION:
I am therefore I think…
If thought generates knowledge, then the vision of tomorrow’s corporation is clear. Knowledge is nothing but a combination of know how, know what and know why, as consciously incorporated in people – the only beings capable of producing and processing it. Today, knowledge is gaining more and more importance. Thus, it becomes imperative for any organisation to realise the value of knowledge and leverage it to maximise it’s potential.
KNOWLEDGE WORKERS:
The massed ranks of knowledge workers are increasing at a fast pace. In just about every developed economy – and some undeveloped ones — knowledge workers now make up the fastest growing employment group. Basically anyone who makes a living out of creating, manipulating or disseminating knowledge is a knowledge worker. Of course this definition covers a very wide range of activities. Teachers, trainers, university professors and other academics are clearly included. Writers, journalists, authors, editors and public relations or communications people can all be categorised as knowledge workers. Throughout the developed world knowledge workers already outnumber industrial workers and agricultural workers. In more advanced countries they outnumber these two groups added together.
IMPORTANCE OF PEOPLE:
Thus we realize that in the knowledge economy, people are crucial because:
1] People are the exclusive source of knowledge for any organisation.
2] Individual knowledge is the starting point for organisational knowledge.
3] The knowledge pool of a person cannot be duplicated.
4] Only people can spread knowledge resources across the company.
5] Only people can convert knowledge and wisdom into action.
Human beings have immense potential energy and self-motivated human beings can tap it to produce extraordinary results even with normal material resources. A manager must develop a healthy relationship with his staff to create a sense of belonging and a family feeling, so that the employees can put their heart and soul into their work. There must be a feeling that employees and managers share the same fate.
NEW PEOPLE ECONOMY:
An economy where fundamental changes have taken place in every branch of society and organisations with knowledge emerging as the one competitive source i.e. people.
NEW PEOPLE ORGANISATION:
To benefit from it’s people’s knowledge, a company must become a learning organisation i.e. an organisation that expands knowledge continuously.
NEW PEOPLE MANAGEMENT:
To leverage it’s people, the corporation must integrate human resource management into it’s business strategies. The individual and organisational goals have to be united so that the employees put in their best for the organisation.
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