NEW PEOPLE MANAGEMENT
IN THE KNOWLEDGE ECONOMY
I am therefore I think…
If thought generates knowledge, then the vision of tomorrow’s corporation is clear. Knowledge isnothing but a combination of know how, know what and know why, as consciously incorporated in people – the only beings capable of producing and processing it. Today, knowledge is gainingmore and more importance. Thus, it becomes imperative for any organisation to realise the valueof knowledge and leverage it to maximise it’s potential.
The massed ranks of knowledge workers are increasing at a fast pace. In just about everydeveloped economy - and some undeveloped ones -- knowledge workers now make up the fastestgrowing employment group.
Basically anyone who makes a living out of creating, manipulating or disseminating knowledge is a knowledge worker.
Of course this definition covers a very widerange of activities. Teachers, trainers, university professors and other academics are clearlyincluded. Writers, journalists, authors, editors and public relations or communications people canall be categorised as knowledge workers. Throughout the developed world knowledge workersalready outnumber industrial workers and agricultural workers. In more advanced countries theyoutnumber these two groups added together.
IMPORTANCE OF PEOPLE:
Thus we realize that in the knowledge economy, people are crucial because:1] People are the exclusive source of knowledge for any organisation.2] Individual knowledge is the starting point for organisational knowledge.3] The knowledge pool of a person cannot be duplicated.4] Only people can spread knowledge resources across the company.5] Only people can convert knowledge and wisdom into action.Human beings have immense potential energy and self-motivated human beings can tap itto produce extraordinary results even with normal material resources. A manager must develop ahealthy relationship with his staff to create a sense of belonging and a family feeling, so that theemployees can put their heart and soul into their work. There must be a feeling that employees andmanagers share the same fate. NEW PEOPLE ECONOMY:An economy where fundamental changes have taken place in every branch of society andorganisations with knowledge emerging as the one competitive source i.e. people.