Knowledge Work - created from Mind Map

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Background

Value of knowledge work

Managing Knowledge Work

The 4th Industrial Revolution

Knowledge employment

What is knowledge work?

post industrial vs industrial

workers do less physical work and try think of a solution eg engienners

a new way of working using systems eg software for accountants

industrial very expensive labour while post industrial very cheap

more profitable in the long run once systems are installed and less employees are needed

many companies have followed pursuit in this switch as supernormal profits can be made

must earn being treated as an asset

beneficial to learn about

workers must be able to identify the task

Already upon us with the shift to more automated machines

will at first lead to unemployment

worrying for upcoming graduates eg accountants

firms use these machines to get competitive advantage on each other

bad for the economy

firms are hiring less employees as they can do work digitally with other systems

this will lead to economy problems