Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:


It’s not just rocket science –businesses need many different kinds of knowledge to compete

In business, the most brilliant new ideas can fail if not fully supported by many other forms of knowledge that already exist in the organisation.

Outcomes of the Economic and Social Research Council’s Evolution of Business Knowledge (EBK) research programme, that focuses on shifts in the way businesses create and exploit knowledge, will be highlighted at a one-day conference due to take place on Tuesday 17 October 2006 at the CBI Conference Centre in London. The event will bring together leading researchers, business stakeholders and policymakers. It will not only be an opportunity to learn about the findings of the 14 projects that make up the EBK programme but also to hear the views of prominent thinkers and practioners who are contributing to the knowledge economy debate.

To be competitive, the creation and exploitation of different forms of knowledge is important to all businesses. Knowledge can be generated through the big R&D and high-tech programmes favoured by many politicians. However, many other areas of knowledge are equally important. For example, even the boring kinds of management and organisational knowledge that create processes and systems can play a crucial role in supporting and sustaining innovation. At the micro-level, processes and relationships need to be managed such that knowledge flows across and between all parts of the organisation and, increasingly, between organisations too.

“At the conference, we won’t be presenting a broad canvas depicting overall trends in the UK economy. Instead, we’ll be painting rich miniatures that show knowledge is important to all types of businesses,” said Professor Harry Scarbrough, EBK Programme Director. “We will also illustrate some of the hidden constraints on firms’ ability to create and exploit knowledge.”

These constraints include, small business owners who are too concerned with ‘fire-fighting’ to develop organisational routines that would provide them with the ability to shift their business to a higher level or, in larger businesses, management knowledge that has become inward looking, or centred too much on the established identity of the firm. EBK findings have also raised concerns about the lack of real knowledge transfer between independent business consultants and their corporate clients.

“BBC TV’s Dragons’ Den programme shows that you need to come up with new ideas and have business acumen, but EBK projects also illustrate how hard it is to achieve this magic combination,” said Professor Scarbrough. “Unfortunately, creators of new ideas and the business people who manage them, or exploit their ideas, are often on different sides of some big cultural divides. The research done as part of the EBK programme is a step towards addressing this.”

The conference programme sets out to provide answers to questions increasingly faced by organisations across all sectors, including:

- How can we acquire the management skills and thinking needed to survive in highly competitive environments?

- What are the organisational choices faced if we’re to speed up innovation?

- How do we develop greater openness to new ideas and values?

- What does it mean for accounting and reporting systems if we see knowledge as a real business asset?

Annika Howard | alfa
Further information:

More articles from Business and Finance:

nachricht The RWI/ISL-Container Throughput Index started off well in 2018
22.02.2018 | RWI – Leibniz-Institut für Wirtschaftsforschung

nachricht RWI/ISL-Container Throughput Index ending 2017 on a positive note
24.01.2018 | RWI – Leibniz-Institut für Wirtschaftsforschung

All articles from Business and Finance >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: Locomotion control with photopigments

Researchers from Göttingen University discover additional function of opsins

Animal photoreceptors capture light with photopigments. Researchers from the University of Göttingen have now discovered that these photopigments fulfill an...

Im Focus: Surveying the Arctic: Tracking down carbon particles

Researchers embark on aerial campaign over Northeast Greenland

On 15 March, the AWI research aeroplane Polar 5 will depart for Greenland. Concentrating on the furthest northeast region of the island, an international team...

Im Focus: Unique Insights into the Antarctic Ice Shelf System

Data collected on ocean-ice interactions in the little-researched regions of the far south

The world’s second-largest ice shelf was the destination for a Polarstern expedition that ended in Punta Arenas, Chile on 14th March 2018. Oceanographers from...

Im Focus: ILA 2018: Laser alternative to hexavalent chromium coating

At the 2018 ILA Berlin Air Show from April 25–29, the Fraunhofer Institute for Laser Technology ILT is showcasing extreme high-speed Laser Material Deposition (EHLA): A video documents how for metal components that are highly loaded, EHLA has already proved itself as an alternative to hard chrome plating, which is now allowed only under special conditions.

When the EU restricted the use of hexavalent chromium compounds to special applications requiring authorization, the move prompted a rethink in the surface...

Im Focus: Radar for navigation support from autonomous flying drones

At the ILA Berlin, hall 4, booth 202, Fraunhofer FHR will present two radar sensors for navigation support of drones. The sensors are valuable components in the implementation of autonomous flying drones: they function as obstacle detectors to prevent collisions. Radar sensors also operate reliably in restricted visibility, e.g. in foggy or dusty conditions. Due to their ability to measure distances with high precision, the radar sensors can also be used as altimeters when other sources of information such as barometers or GPS are not available or cannot operate optimally.

Drones play an increasingly important role in the area of logistics and services. Well-known logistic companies place great hope in these compact, aerial...

All Focus news of the innovation-report >>>



Industry & Economy
Event News

Ultrafast Wireless and Chip Design at the DATE Conference in Dresden

16.03.2018 | Event News

International Tinnitus Conference of the Tinnitus Research Initiative in Regensburg

13.03.2018 | Event News

International Virtual Reality Conference “IEEE VR 2018” comes to Reutlingen, Germany

08.03.2018 | Event News

Latest News

Wandering greenhouse gas

16.03.2018 | Earth Sciences

'Frequency combs' ID chemicals within the mid-infrared spectral region

16.03.2018 | Physics and Astronomy

Biologists unravel another mystery of what makes DNA go 'loopy'

16.03.2018 | Life Sciences

Science & Research
Overview of more VideoLinks >>>