|The Emerging 6th Generation
The first three generations of management were concerned with quality and reengineering. The asset focus of each generation was technology, the project and the enterprise respectively. As innovation becomes important, new generations of management have a different focus;
Even while most organisations are grapling with the challenges of 5th Generation Management, through application of the tools of Knowledge Innovation®, we have to prepare for and create the future, which will be a knowledge economy where the greatest value is in intangibles, such as knowledge, intellectual capital and collaborative relationships.
The Economics of Intangible Value
An analysis by ENTOVATION® Colleague, Trend Monitor International has identified 38 trends that are shaping the knowledge economy. These include:
Valuing (what is valued)
Counting (how value is measured)
Trading (how value is created)
These are further categorized according to whether the trends are established, emerging or over-the-horizon. The trends are explained more fully in the briefing The Economics of Intangible Value, along with their strategic implications.
Why not see how prepared for the future you are, by reviewing a summary of all 38 trends and determining the business implications. Among best practices that the knowledge leaders apply are:
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