DKE Part 1

stella.kalis
Mind Map by stella.kalis, updated more than 1 year ago
stella.kalis
Created by stella.kalis over 4 years ago
23
0

Description

ECON2540

Resource summary

DKE Part 1
1 Knowledge Industry as 4th sector of economy
1.1 1. Knowledge industries where output is knowledge
1.1.1 E.g. business services, ICT's, education, the arts, media, finance
1.2 2. Knowledge activities in non-knowledge industries
1.2.1 Innovation
1.3 Produces: Ideas, Experiences, Meaning; rather than Objects
1.4 Two Types of Knowledge
1.4.1 1. Codified
1.4.2 2. Tacit - still a place for F2F transmission
2 Convergence
2.1 defn: blurring boundaries between formerly seperate activities
2.1.1 e.g. computers & telecomm = ICTs and Internet; + globalisation = DKE
2.1.1.1 e.g. work + leisure blending into 24/7 work
2.2 lowered Barriers to Entry for services industry
3 Networks
3.1 network organisation, digitisation, digital dsruption
3.2 Increased: JV's; Strategic Alliances;
3.3 Marshall: Exploit external economies of scale
3.3.1 industry grouping geographically
3.3.2 growth of knowledge as result of observing others (Silicon Valley)
3.3.3 corporate partnerships share knowledge and customer base
3.4 Consist of:
3.4.1 Communicating Agents (share common interest)
3.4.2 Unstructured Org
3.4.3 Not a firm or market
3.4.4 Collaboration
3.5 Firms look like Network > Heirarchy:
3.5.1 - squashing the triangle
3.5.2 - virtual teams
3.5.3 - quality circles
3.5.4 -attention to triple bottom line
3.5.5 - growing importance of shared vision & values
3.5.6 - rise in stakeholder equity
3.5.7 - CSR
4 Services Sector Innovation
4.1 knowledge based services now driving innovation across OECD
4.1.1 Services = innovative strength of DKE
4.2 ICT investments adopted, adapted to produce products & services
4.2.1 e.g. E-delivery of services such as accounting, legal work, tutoring etc.
4.2.2 Internet adoption = business innovation exploded
4.2.2.1 a) incr. communication & connection
4.2.2.2 b) incr. speed of innovation
4.2.2.3 c) greater access
4.2.2.4 d) faster transaction processing
4.2.2.5 e) decline in costs of collab
4.2.2.6 f) e-delivery of servies
4.2.2.6.1 Now consumed ad produced seperately
4.2.2.6.2 Trade over distance now much easier
4.2.2.7 e.g. finance (online banking, trading); retail (shopping), music (downloads), education (electures) books (ebooks)
4.3 often products result from collaboration
5 Rising Inequality / Digital Divide
5.1 Factors:
5.1.1 destruction of ecosystem
5.1.2 global warming
5.1.3 global poverty
5.1.4 inequality
5.1.5 war / terrorism
5.2 globalisation lifted missions out of poverty
5.3 Result of:
5.3.1 Access to ICTs
5.3.2 Knowledge of how to use ICTS
5.4 can be BETWEEN countries or WITHIN countries
5.5 Results in:
5.5.1 Information Rich VS Information Poor
5.5.2 Informational poverty correlated with wealth and income poverty, economic & social opportunities therefore limited
Show full summary Hide full summary

Similar

DKE Part 4: Evolutionary Model of Innovation
stella.kalis
Using GoConqr to study Economics
Sarah Egan
Economics
Emily Fenton
Economics - unit 1
Amardeep Kumar
AN ECONOMIC OVERVIEW OF IRELAND AND THE WORLD 2015/16
John O'Driscoll
Digital Marketing Strategy - The Essentials
Micheal Heffernan
Functions of Money
hannahcollins030
Using GoConqr to teach Economics
Sarah Egan
Comparative advantage
jamesofili
Teaching students to be digitally literate
Micheal Heffernan
GCSE - Introduction to Economics
James Dodd