Strategic Importance of Knowledge & Intellectual Property In Emerging Business Scenario


Author(s) : Atulya Sinha
ISSN : 974
Year : Aug 2009 | Volume : 3 | Issue : 3

Knowledge seeking is quintessential human behaviour. Individuals as well as groups derive benefits from possession of knowledge. Since the knowledge content is increasing in all kinds of goods and services, knowledge is getting recognized as the most important economic resource in contemporary organizations. Intellectual property includes copyright & related rights, patents, industrial design, trademarks and protection against unfair competition. Some countries are putting up technical barriers to trade as a protectionist measure in a rapidly globalizing marketplace. The productivity and effectiveness of knowledge workers is becoming a key management issue across diverse industries. In the organizational context, empowerment refers to greater delegation of powers in a suitable environment, which ultimately enables the employees to perform new activities which they (or their predecessors) could not have performed earlier. Since knowledge is a source of power, the emergence of knowledge workers implies greater empowerment within the organization. �Knowledge-driven empowerment� describes the phenomenon of knowledge workers achieving empowerment by means of job related knowledge. This concept can be further extended to organizations and even countries, who can empower themselves by acquiring and managing appropriate manifestations of knowledge.


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