Wednesday 23 November 2005

Innovation in new economy knowledge networks

The timing of this BRW article about sharing knowledge and innovation through networks is pretty good, considering we've just had a conference on that same topic. Quoting from a chapter in Innovation and Imagination at Work (Innovation in the networked world), they list four attributes of "New-economy knowledge":

  • Speed - Information is increasing at an exponential rate and becoming obsolete more quickly.
  • Cut-through - Gaining access to relevant and constantly updated information is of prime importance for continuous innovation.
  • Sharing - Organisations trying to increase the diversity of their knowledge by doing everything themselves will suffer from information overload.
  • Networks - New networks let companies expand their database of contacts.

If this interests you, also have a look at 5 principles for high-performance collaboration.

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