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

17.10.2006
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:
http://www.esrc.ac.uk

More articles from Business and Finance:

nachricht Microtechnology industry is hiring – positive developments of past years continue
09.04.2018 | IVAM Fachverband für Mikrotechnik

nachricht RWI/ISL-Container Throughput Index with minor decline on a high overall level
20.03.2018 | 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: Future electronic components to be printed like newspapers

A new manufacturing technique uses a process similar to newspaper printing to form smoother and more flexible metals for making ultrafast electronic devices.

The low-cost process, developed by Purdue University researchers, combines tools already used in industry for manufacturing metals on a large scale, but uses...

Im Focus: First evidence on the source of extragalactic particles

For the first time ever, scientists have determined the cosmic origin of highest-energy neutrinos. A research group led by IceCube scientist Elisa Resconi, spokesperson of the Collaborative Research Center SFB1258 at the Technical University of Munich (TUM), provides an important piece of evidence that the particles detected by the IceCube neutrino telescope at the South Pole originate from a galaxy four billion light-years away from Earth.

To rule out other origins with certainty, the team led by neutrino physicist Elisa Resconi from the Technical University of Munich and multi-wavelength...

Im Focus: Magnetic vortices: Two independent magnetic skyrmion phases discovered in a single material

For the first time a team of researchers have discovered two different phases of magnetic skyrmions in a single material. Physicists of the Technical Universities of Munich and Dresden and the University of Cologne can now better study and understand the properties of these magnetic structures, which are important for both basic research and applications.

Whirlpools are an everyday experience in a bath tub: When the water is drained a circular vortex is formed. Typically, such whirls are rather stable. Similar...

Im Focus: Breaking the bond: To take part or not?

Physicists working with Roland Wester at the University of Innsbruck have investigated if and how chemical reactions can be influenced by targeted vibrational excitation of the reactants. They were able to demonstrate that excitation with a laser beam does not affect the efficiency of a chemical exchange reaction and that the excited molecular group acts only as a spectator in the reaction.

A frequently used reaction in organic chemistry is nucleophilic substitution. It plays, for example, an important role in in the synthesis of new chemical...

Im Focus: New 2D Spectroscopy Methods

Optical spectroscopy allows investigating the energy structure and dynamic properties of complex quantum systems. Researchers from the University of Würzburg present two new approaches of coherent two-dimensional spectroscopy.

"Put an excitation into the system and observe how it evolves." According to physicist Professor Tobias Brixner, this is the credo of optical spectroscopy....

All Focus news of the innovation-report >>>

Anzeige

Anzeige

VideoLinks
Industry & Economy
Event News

Leading experts in Diabetes, Metabolism and Biomedical Engineering discuss Precision Medicine

13.07.2018 | Event News

Conference on Laser Polishing – LaP: Fine Tuning for Surfaces

12.07.2018 | Event News

11th European Wood-based Panel Symposium 2018: Meeting point for the wood-based materials industry

03.07.2018 | Event News

 
Latest News

A smart safe rechargeable zinc ion battery based on sol-gel transition electrolytes

20.07.2018 | Power and Electrical Engineering

Reversing cause and effect is no trouble for quantum computers

20.07.2018 | Information Technology

Princeton-UPenn research team finds physics treasure hidden in a wallpaper pattern

20.07.2018 | Materials Sciences

VideoLinks
Science & Research
Overview of more VideoLinks >>>