Continuous emergence of new technologies is one of the principal reasons for the transformation o... more Continuous emergence of new technologies is one of the principal reasons for the transformation of the economy to the knowledge-based one. In this chapter, we highlighted many profoundly promising technologies that are already reshaping our life, society, and the economy. We discussed here how ICT was the power behind the radical conversion of the economy, and how some new and emerging technologies are entirely revamping not just the economic relationships in the society but catapulting the society to a new level. While there exist many technologies that work as a catalyst for the change, we described some key technologies that are already having game-changing effects or going to have tremendous impact in the near future such as artificial intelligence, 5G mobile technology, virtual and augmented technologies, nanotechnology, quantum computing, 3D printing, and the Internet of things. We specifically accentuated the importance of AI and machine learning technologies here.
To understand what is knowledge-based social entrepreneurship, we need to delve into the concepts... more To understand what is knowledge-based social entrepreneurship, we need to delve into the concepts of the entrepreneurship and entrepreneurs. The chapter provides definitions of entrepreneurship, social entrepreneurship, and knowledge-based social entrepreneurship. It clarifies who is an entrepreneur and how social entrepreneurs differ from conventional entrepreneurs. The chapter looks into various traits that make a person an entrepreneur. It explains what a social enterprise is and its possible legal structures. Here, we also explained why entrepreneurship process can provide a bird’s eye view of the entrepreneurship from a holistic perspective and discussed its various vital elements and primary focuses on issues such as entrepreneurial opportunity.
Entrepreneurs work in highly uncertain conditions, depend on limited resources, and try to make s... more Entrepreneurs work in highly uncertain conditions, depend on limited resources, and try to make sense of the market complexity with their limited information on the contextual environment. In the process, they set revenue generating and profit-making goals, acquire and develop needed resources, build capabilities and skills, and analyze competitors, their products and their market approach to secure competitive advantage. However, most entrepreneurs take actions, make decisions and commitments, and allocate resources without doing sufficient analysis of the competing choices that they have. With a better understanding of what strategy frameworks and tools are available out there, how strategies work, how these tools and systems can help design their business activities, create value, and compete in the marketplace, they can take necessary actions toward achieving their objectives. Whether the entrepreneurs’ objective is to create wealth or to tackle a social challenge, they should adopt strategy tools to maximize their chances of achieving set goals. Here, we delineated some of the strategic means that are essential for the development of an enterprise and attain market competitiveness. Knowledge-based entrepreneurship needs to have a different approach to the designing of business models as businesses in these sectors rely heavily on emerging technologies and in-depth technological and scientific knowledge. In this chapter, we provided a detailed view of knowledge-based social entrepreneurship, possible strategic approaches available to aspiring entrepreneurs, various widely used business models, and emerging concepts in the development of business models for knowledge-based social entrepreneurship.
Gaining competitive advantage based on innovation requires mastering the entire innovation proces... more Gaining competitive advantage based on innovation requires mastering the entire innovation process and its intricacies. Capturing, creating and applying knowledge resource efficiently at the various level of innovation are also essential for this. Within various stages, the front-end of the innovation process receives less attention but also quite critical to innovation performance. Idea generation or ideation is one of the steps within the front-end of the innovation process that is involved in conceiving ideas for developing innovation. As a critical step of the front-end of the innovation, it has a significant impact on the success rate of organizational innovation efforts. As a primary resource for developing ideas, knowledge in the era of information deluge at the ideation step needs particular strategic approach. Two sets of strategies related to knowledge and innovation: exploration and exploitation and codification and personalization are practiced in the organizations. Firms implement these strategies in a various ratio to achieve optimal usage of their resources and capabilities and reach their set objectives. On Ideation level, where knowledge plays an instrumental role, the firm must decide what combination of strategies will best suit its innovation goals. In this paper, we analyze various possibilities of strategy choice and theorize that one combination of the strategy from both approaches might be more suitable for the ideation process.
Encyclopedia of Creativity, Invention, Innovation and Entrepreneurship, 2013
ABSTRACT Innovation is one of the most decisive factors in gaining and attaining competitive adva... more ABSTRACT Innovation is one of the most decisive factors in gaining and attaining competitive advantage for an organization. Competition in globalized world requires rapid development and implementation of innovative products, processes and business models. In the innovation value chain knowledge is a primary resource and its effective integration, absorbency and use are imperative for attaining favorable outcome from the innovation process. In order to avail sustainable efficacy in knowledge amalgamation, synthesis and utilization organizations adopt technology to manage its knowledge related processes, procedures and routines. As a result, knowledge management is becoming a critical aspect in the organization’s innovation strategy.
Abstract: The purpose of this paper is to facilitate understanding of tacit knowledge, the impact... more Abstract: The purpose of this paper is to facilitate understanding of tacit knowledge, the impact of technological advancement on tacit knowledge codification and what organizations should do to improve their use of available tacit knowledge. Introduction: The paper addresses the issue of tacit knowledge codification from a new perspective. Tacit knowledge is a crucial resource for any organization’s innovation, competitive advantage and growth. To create economic value from the tacit knowledge available to an organization it has to emphasize on efforts to codify and make it accessible to the organizational workers where necessary. To achieve this goal, organizations need to have a clear understanding of tacit knowledge, its place within organizational knowledge requirement and how to take advantage of this vital resource. The paper reviews tacit knowledge, its link with explicit knowledge and demonstrates the correlational between technological advancement and transmuting potential...
This Invention proposes a new method and a system for integrating valuable information generated ... more This Invention proposes a new method and a system for integrating valuable information generated and residing in audio and multimedia conversation, conference calls, text or multimedia messages, Internet based text or multimedia instant messages, documents, webpages and emails from mobile devices or smart phones to an organization's knowledge repository. The proposed system is developed using semantic technologies and it makes knowledge integration and sharing from mobile devices simple, fast and reliable.
Knowledge management (KM) is going through a challenging time. Interest in knowledge management ... more Knowledge management (KM) is going through a challenging time. Interest in knowledge management in the corporate world is waning across the board. According to a major consulting firm, for the first time since its inception as an important management tool in early 1990s KM has fallen out of management's priority list this year. It is one more reason why a number of academics are questioning the viability of KM as a worthy concept and its right to be an academic discipline. There are multiple issues that have facilitated the growing ambiguity around the concept. First, ever since the concept emerged, some members of KM community have opposed the name knowledge management. According to this group, this moniker is a misnomer and an oxymoron. They consider that knowledge cannot be managed hence the name does not make any sense. Their rational is as, often, subject name embodies and exemplifies what the subject is about it creates considerable opacity in the understanding of the true nature of the notion. Second, the concept of knowledge management evolved from the idea of information technology management. Technology is a key enabler and a pillar of knowledge management. However, undue focus on technology in the early stage of knowledge management has, in many cases, brought dubious results putting a damper on the enthusiastic sprouting of knowledge management use. Third, lack of proper theoretical and philosophical foundation bifurcated the concept in two ideologies: subjectivist and objectivist. Each of these views propagates its strategy and focuses on different priorities. Recent studies show that the KM initiative based on just one of the two strategies does not always produce desired outcome. Fourth, in today's evolving market, management concerns and needs are changing rapidly. Because of the superficial constraint internally imposed by KM as a discipline, it is failing to engulf new adjacent concepts as they emerge. Big data, for example, is a case in point. Grounding on the ideas taken from previously emerged new disciplines the author argues that the concept of knowledge management should be augmented and renamed as "Knowledge Science." The domain of the new discipline, the paper suggests, should encompass all aspects of knowledge not just management of knowledge activities.
Abstract: Knowledge is considered, as one of the primary resources for organizations to stay inno... more Abstract: Knowledge is considered, as one of the primary resources for organizations to stay innovative, competitive and develop a sustainable growth trajectory. Crucial knowledge related activities that help organizations to enhance their knowledge base, exploit it efficiently and create values are knowledge integration (KI), knowledge Preservation (KP) and knowledge utilization (KU). Effective KI, KP and KU throughout the organization are essential for its productivity, innovation, and performance improvement. Lately, organizations are facing enormous challenges in efficient integration and sharing of knowledge created by employees while they use their mobile devices for work purposes.
Mobile devices and smartphones have become an extension of employee's work environment and increasingly complementing office desktops, notebooks and stationary telephones. This transition is taking place primarily due to their ubiquitous availability, convenient size, reduced cost and simplicity in use. Moreover, technological advancement, better operational systems and ever-increasing quantity of apps ascertain that this trend will continue in the foreseeable future.
Professionals use mobile devices actively and create valuable knowledge in the process. Lack of proper integration of these devices with the organization's knowledge management system creates a real problem of having access to this knowledge at a later stage. Important to note that due to real-time nature and its value in existing decision-making process, part of this knowledge is precious and requires particular attention in today’s heightened competitive world.
This paper proposes a semantic knowledge management system (KMS) framework architecture for transferring and integrating knowledge from mobile devices to organization's knowledge repositories. The proposed framework uses semantic technologies, distributed storage and processing of data, machine learning tools and artificial intelligence agents as foundational technological tools. The paper also posits that organizations should pay serious attention to the knowledge produced using mobile devices since a part of this knowledge is relevant to real-time operational, strategic, and market knowledge.
Continuous emergence of new technologies is one of the principal reasons for the transformation o... more Continuous emergence of new technologies is one of the principal reasons for the transformation of the economy to the knowledge-based one. In this chapter, we highlighted many profoundly promising technologies that are already reshaping our life, society, and the economy. We discussed here how ICT was the power behind the radical conversion of the economy, and how some new and emerging technologies are entirely revamping not just the economic relationships in the society but catapulting the society to a new level. While there exist many technologies that work as a catalyst for the change, we described some key technologies that are already having game-changing effects or going to have tremendous impact in the near future such as artificial intelligence, 5G mobile technology, virtual and augmented technologies, nanotechnology, quantum computing, 3D printing, and the Internet of things. We specifically accentuated the importance of AI and machine learning technologies here.
To understand what is knowledge-based social entrepreneurship, we need to delve into the concepts... more To understand what is knowledge-based social entrepreneurship, we need to delve into the concepts of the entrepreneurship and entrepreneurs. The chapter provides definitions of entrepreneurship, social entrepreneurship, and knowledge-based social entrepreneurship. It clarifies who is an entrepreneur and how social entrepreneurs differ from conventional entrepreneurs. The chapter looks into various traits that make a person an entrepreneur. It explains what a social enterprise is and its possible legal structures. Here, we also explained why entrepreneurship process can provide a bird’s eye view of the entrepreneurship from a holistic perspective and discussed its various vital elements and primary focuses on issues such as entrepreneurial opportunity.
Entrepreneurs work in highly uncertain conditions, depend on limited resources, and try to make s... more Entrepreneurs work in highly uncertain conditions, depend on limited resources, and try to make sense of the market complexity with their limited information on the contextual environment. In the process, they set revenue generating and profit-making goals, acquire and develop needed resources, build capabilities and skills, and analyze competitors, their products and their market approach to secure competitive advantage. However, most entrepreneurs take actions, make decisions and commitments, and allocate resources without doing sufficient analysis of the competing choices that they have. With a better understanding of what strategy frameworks and tools are available out there, how strategies work, how these tools and systems can help design their business activities, create value, and compete in the marketplace, they can take necessary actions toward achieving their objectives. Whether the entrepreneurs’ objective is to create wealth or to tackle a social challenge, they should adopt strategy tools to maximize their chances of achieving set goals. Here, we delineated some of the strategic means that are essential for the development of an enterprise and attain market competitiveness. Knowledge-based entrepreneurship needs to have a different approach to the designing of business models as businesses in these sectors rely heavily on emerging technologies and in-depth technological and scientific knowledge. In this chapter, we provided a detailed view of knowledge-based social entrepreneurship, possible strategic approaches available to aspiring entrepreneurs, various widely used business models, and emerging concepts in the development of business models for knowledge-based social entrepreneurship.
Gaining competitive advantage based on innovation requires mastering the entire innovation proces... more Gaining competitive advantage based on innovation requires mastering the entire innovation process and its intricacies. Capturing, creating and applying knowledge resource efficiently at the various level of innovation are also essential for this. Within various stages, the front-end of the innovation process receives less attention but also quite critical to innovation performance. Idea generation or ideation is one of the steps within the front-end of the innovation process that is involved in conceiving ideas for developing innovation. As a critical step of the front-end of the innovation, it has a significant impact on the success rate of organizational innovation efforts. As a primary resource for developing ideas, knowledge in the era of information deluge at the ideation step needs particular strategic approach. Two sets of strategies related to knowledge and innovation: exploration and exploitation and codification and personalization are practiced in the organizations. Firms implement these strategies in a various ratio to achieve optimal usage of their resources and capabilities and reach their set objectives. On Ideation level, where knowledge plays an instrumental role, the firm must decide what combination of strategies will best suit its innovation goals. In this paper, we analyze various possibilities of strategy choice and theorize that one combination of the strategy from both approaches might be more suitable for the ideation process.
Encyclopedia of Creativity, Invention, Innovation and Entrepreneurship, 2013
ABSTRACT Innovation is one of the most decisive factors in gaining and attaining competitive adva... more ABSTRACT Innovation is one of the most decisive factors in gaining and attaining competitive advantage for an organization. Competition in globalized world requires rapid development and implementation of innovative products, processes and business models. In the innovation value chain knowledge is a primary resource and its effective integration, absorbency and use are imperative for attaining favorable outcome from the innovation process. In order to avail sustainable efficacy in knowledge amalgamation, synthesis and utilization organizations adopt technology to manage its knowledge related processes, procedures and routines. As a result, knowledge management is becoming a critical aspect in the organization’s innovation strategy.
Abstract: The purpose of this paper is to facilitate understanding of tacit knowledge, the impact... more Abstract: The purpose of this paper is to facilitate understanding of tacit knowledge, the impact of technological advancement on tacit knowledge codification and what organizations should do to improve their use of available tacit knowledge. Introduction: The paper addresses the issue of tacit knowledge codification from a new perspective. Tacit knowledge is a crucial resource for any organization’s innovation, competitive advantage and growth. To create economic value from the tacit knowledge available to an organization it has to emphasize on efforts to codify and make it accessible to the organizational workers where necessary. To achieve this goal, organizations need to have a clear understanding of tacit knowledge, its place within organizational knowledge requirement and how to take advantage of this vital resource. The paper reviews tacit knowledge, its link with explicit knowledge and demonstrates the correlational between technological advancement and transmuting potential...
This Invention proposes a new method and a system for integrating valuable information generated ... more This Invention proposes a new method and a system for integrating valuable information generated and residing in audio and multimedia conversation, conference calls, text or multimedia messages, Internet based text or multimedia instant messages, documents, webpages and emails from mobile devices or smart phones to an organization's knowledge repository. The proposed system is developed using semantic technologies and it makes knowledge integration and sharing from mobile devices simple, fast and reliable.
Knowledge management (KM) is going through a challenging time. Interest in knowledge management ... more Knowledge management (KM) is going through a challenging time. Interest in knowledge management in the corporate world is waning across the board. According to a major consulting firm, for the first time since its inception as an important management tool in early 1990s KM has fallen out of management's priority list this year. It is one more reason why a number of academics are questioning the viability of KM as a worthy concept and its right to be an academic discipline. There are multiple issues that have facilitated the growing ambiguity around the concept. First, ever since the concept emerged, some members of KM community have opposed the name knowledge management. According to this group, this moniker is a misnomer and an oxymoron. They consider that knowledge cannot be managed hence the name does not make any sense. Their rational is as, often, subject name embodies and exemplifies what the subject is about it creates considerable opacity in the understanding of the true nature of the notion. Second, the concept of knowledge management evolved from the idea of information technology management. Technology is a key enabler and a pillar of knowledge management. However, undue focus on technology in the early stage of knowledge management has, in many cases, brought dubious results putting a damper on the enthusiastic sprouting of knowledge management use. Third, lack of proper theoretical and philosophical foundation bifurcated the concept in two ideologies: subjectivist and objectivist. Each of these views propagates its strategy and focuses on different priorities. Recent studies show that the KM initiative based on just one of the two strategies does not always produce desired outcome. Fourth, in today's evolving market, management concerns and needs are changing rapidly. Because of the superficial constraint internally imposed by KM as a discipline, it is failing to engulf new adjacent concepts as they emerge. Big data, for example, is a case in point. Grounding on the ideas taken from previously emerged new disciplines the author argues that the concept of knowledge management should be augmented and renamed as "Knowledge Science." The domain of the new discipline, the paper suggests, should encompass all aspects of knowledge not just management of knowledge activities.
Abstract: Knowledge is considered, as one of the primary resources for organizations to stay inno... more Abstract: Knowledge is considered, as one of the primary resources for organizations to stay innovative, competitive and develop a sustainable growth trajectory. Crucial knowledge related activities that help organizations to enhance their knowledge base, exploit it efficiently and create values are knowledge integration (KI), knowledge Preservation (KP) and knowledge utilization (KU). Effective KI, KP and KU throughout the organization are essential for its productivity, innovation, and performance improvement. Lately, organizations are facing enormous challenges in efficient integration and sharing of knowledge created by employees while they use their mobile devices for work purposes.
Mobile devices and smartphones have become an extension of employee's work environment and increasingly complementing office desktops, notebooks and stationary telephones. This transition is taking place primarily due to their ubiquitous availability, convenient size, reduced cost and simplicity in use. Moreover, technological advancement, better operational systems and ever-increasing quantity of apps ascertain that this trend will continue in the foreseeable future.
Professionals use mobile devices actively and create valuable knowledge in the process. Lack of proper integration of these devices with the organization's knowledge management system creates a real problem of having access to this knowledge at a later stage. Important to note that due to real-time nature and its value in existing decision-making process, part of this knowledge is precious and requires particular attention in today’s heightened competitive world.
This paper proposes a semantic knowledge management system (KMS) framework architecture for transferring and integrating knowledge from mobile devices to organization's knowledge repositories. The proposed framework uses semantic technologies, distributed storage and processing of data, machine learning tools and artificial intelligence agents as foundational technological tools. The paper also posits that organizations should pay serious attention to the knowledge produced using mobile devices since a part of this knowledge is relevant to real-time operational, strategic, and market knowledge.
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Mobile devices and smartphones have become an extension of employee's work environment and increasingly complementing office desktops, notebooks and stationary telephones. This transition is taking place primarily due to their ubiquitous availability, convenient size, reduced cost and simplicity in use. Moreover, technological advancement, better operational systems and ever-increasing quantity of apps ascertain that this trend will continue in the foreseeable future.
Professionals use mobile devices actively and create valuable knowledge in the process. Lack of proper integration of these devices with the organization's knowledge management system creates a real problem of having access to this knowledge at a later stage. Important to note that due to real-time nature and its value in existing decision-making process, part of this knowledge is precious and requires particular attention in today’s heightened competitive world.
This paper proposes a semantic knowledge management system (KMS) framework architecture for transferring and integrating knowledge from mobile devices to organization's knowledge repositories. The proposed framework uses semantic technologies, distributed storage and processing of data, machine learning tools and artificial intelligence agents as foundational technological tools. The paper also posits that organizations should pay serious attention to the knowledge produced using mobile devices since a part of this knowledge is relevant to real-time operational, strategic, and market knowledge.
Mobile devices and smartphones have become an extension of employee's work environment and increasingly complementing office desktops, notebooks and stationary telephones. This transition is taking place primarily due to their ubiquitous availability, convenient size, reduced cost and simplicity in use. Moreover, technological advancement, better operational systems and ever-increasing quantity of apps ascertain that this trend will continue in the foreseeable future.
Professionals use mobile devices actively and create valuable knowledge in the process. Lack of proper integration of these devices with the organization's knowledge management system creates a real problem of having access to this knowledge at a later stage. Important to note that due to real-time nature and its value in existing decision-making process, part of this knowledge is precious and requires particular attention in today’s heightened competitive world.
This paper proposes a semantic knowledge management system (KMS) framework architecture for transferring and integrating knowledge from mobile devices to organization's knowledge repositories. The proposed framework uses semantic technologies, distributed storage and processing of data, machine learning tools and artificial intelligence agents as foundational technological tools. The paper also posits that organizations should pay serious attention to the knowledge produced using mobile devices since a part of this knowledge is relevant to real-time operational, strategic, and market knowledge.