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: Data use draining your battery? Tiny device to speed up memory while also saving power

The more objects we make "smart," from watches to entire buildings, the greater the need for these devices to store and retrieve massive amounts of data quickly without consuming too much power.

Millions of new memory cells could be part of a computer chip and provide that speed and energy savings, thanks to the discovery of a previously unobserved...

Im Focus: An energy-efficient way to stay warm: Sew high-tech heating patches to your clothes

Personal patches could reduce energy waste in buildings, Rutgers-led study says

What if, instead of turning up the thermostat, you could warm up with high-tech, flexible patches sewn into your clothes - while significantly reducing your...

Im Focus: Lethal combination: Drug cocktail turns off the juice to cancer cells

A widely used diabetes medication combined with an antihypertensive drug specifically inhibits tumor growth – this was discovered by researchers from the University of Basel’s Biozentrum two years ago. In a follow-up study, recently published in “Cell Reports”, the scientists report that this drug cocktail induces cancer cell death by switching off their energy supply.

The widely used anti-diabetes drug metformin not only reduces blood sugar but also has an anti-cancer effect. However, the metformin dose commonly used in the...

Im Focus: New Foldable Drone Flies through Narrow Holes in Rescue Missions

A research team from the University of Zurich has developed a new drone that can retract its propeller arms in flight and make itself small to fit through narrow gaps and holes. This is particularly useful when searching for victims of natural disasters.

Inspecting a damaged building after an earthquake or during a fire is exactly the kind of job that human rescuers would like drones to do for them. A flying...

Im Focus: Topological material switched off and on for the first time

Key advance for future topological transistors

Over the last decade, there has been much excitement about the discovery, recognised by the Nobel Prize in Physics only two years ago, that there are two types...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

VideoLinks
Industry & Economy
Event News

ICTM Conference 2019: Digitization emerges as an engineering trend for turbomachinery construction

12.12.2018 | Event News

New Plastics Economy Investor Forum - Meeting Point for Innovations

10.12.2018 | Event News

EGU 2019 meeting: Media registration now open

06.12.2018 | Event News

 
Latest News

Data use draining your battery? Tiny device to speed up memory while also saving power

14.12.2018 | Power and Electrical Engineering

Tangled magnetic fields power cosmic particle accelerators

14.12.2018 | Physics and Astronomy

In search of missing worlds, Hubble finds a fast evaporating exoplanet

14.12.2018 | Physics and Astronomy

VideoLinks
Science & Research
Overview of more VideoLinks >>>