Transcript Knowledge Based Entrepreneurship

Agenda
What is knowledge?
 What is knowledge management?
 Knowledge management approaches
 Knowledge and Social
Entrepreneurship

Knowledge
As a form of capital,
must be exchangeable among persons,
and must be able to grow
Knowledge Management
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Knowledge management includes knowledge
generation, the formalization of knowledge,
storage of knowledge, diffusion of knowledge and
the co-ordination and control of knowledge.
Knowledge generation
or
absorption
Knowledge
formalisation
Knowledge
transferability
Knowledge storage
Knowledge
diffusion
EMPOWER NATION
MISSION
To assist development of creative and
entrepreneurial spirit among individuals,
groups, communities and to develop
competencies for successful enterprising.
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To assist development of entrepreneurial
culture in all its aspects! Culture which
promotes constant innovation to solve
different problems for society's social and
economic development.
IN PURSUIT OF CREATING ONE MILLION ENTREPRENEURS
Data, Information, Knowledge
Data – raw facts; numbers
 Information – data in context;
readily captured in documents and
databases
 Knowledge – information plus
experience to act upon
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Knowledge
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Information that is contextual, relevant and
actionable
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Knowledge is INFORMATION IN
ACTION
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Higher than data and information
Crucial Concepts for
Knowledge Management
Information =
Knowledge
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Information is digitisable
Knowledge exists in intelligent
systems
Knowledge Types
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Explicit knowledge
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Tacit knowledge
Explicit Knowledge
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Objective, rational, technical
Easily documented
Easily transferred / taught / learned
Tacit Knowledge
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Subjective, cognitive, experiential learning
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Hard to document
Hard to transfer / teach / learn
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Involves a lot of human interpretation
Further Attributes of
Knowledge
Know-how
 Know-why
 Know-what
 Know-who
 Know-where
 Know-when
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(Collison and Parcell, 2001)
Activities of Managing Knowledge
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Create
Discover
Capture
Distil
Validate
Share
Adapt
Adopt
Transfer
Apply
Knowledge Management
Approaches
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Self-service – internet portals; yellow
pages; people finder
Networks and Community of Practice –
knowledge sharing; learning communities
Facilitated transfer – internal consultants;
dedicated facilitators; known experts
Sustainable Knowledge
Management
Unconscious incompetence
 Conscious incompetence
 Conscious competence
 Unconscious competence
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SOCIAL VALUE CREATION
Knowledge Mangement
“The wise see knowledge and action as one”
(Bhagvad Gita).
Intelligent organizations recognize that
knowledge is an asset, perhaps the only
one that grows over time, and when
harnessed effectively can sustain the
ability to continuously compete and
innovate.
Knowledge Circulation
University
New Knowledge
(mode 2)
Industry
Students
Knowledge Circulation
In today’s economy business models are changing
towards decapitalized New Economy
Old Economy
New
Economy
“Push”
Focus
“Pull”
Focus
INTELLECTUAL/
BRAND CAPITAL
Production Focus
Customer Focus
HUMAN
CAPITAL
High
Low
WORKING
CAPITAL
High
PHYSICAL
CAPITAL
Low
(Outsourced Network)
What is the difference
between USING
KNOWLEDGE for
“Entrepreneurship”
and for
“Social Entrepreneurship”?
DIFFERENCES
Purposes, not tools and techniques
Benefits, not efficiency and efficacy
Stakeholders, not skills and competences
Methodology, not topics and approaches
Where are the differences?
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Purposes: to transfer modern knowledge, tools
and techniques, to fill the social and human gap
generated by modern economies thus not
neglecting economic laws
to ensure long term sustainability by putting the
Human at the Centre of the System, not the high
Capital-gains
to ensure corporate social responsibility and thus
create wellbeing society for a difference welfare
state
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Benefits: to increase quality and
quantity of opportunities for
competence bulding and work for
people with different abilities, not
neglecting basic market economy
principles, efficiency and efficacy in
social enterprising….
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Developing Stakeholders instead
Shareholders communities: all the
People, all the Civil Society, because
everyone is affected directly or
indirectly by the social-economic
environments discrepancies and
everyone can sooner or later became
part of “disadvantaged group”,
pushed at the edges of mainstream
Methodology: strongly focused on
combining “cold” tools and techniques to
improve efficiency and efficacy with
“warm” human values, environmental care
and human rights; personal development
growth, social capital growth, etc…
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to adapt those tools and techniques to
specific Country/Region/Ethnic Group
characteristics (social structure, economic
structure, environment, demographic
structure, geography…….)
THANKS FOR YOUR ATTENTION AND
I HOPE THAT ABOVE STATEMENT
CHALLENGED YOUR CREATIVE
POTENTIAL ENOUGH TO STIMULATE
FURTHER ACTIVE DISCUISSION!
Self-Assessment and
Self-Reflection
Self-Assessment and Self-Reflection
”Who am I?”
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Describe yourself in seven key
words, intended for someone who
don’t know you!
Here are some of the questions that I encourage
all potential entrepreneurs to think about1. What gets you excited, gives you energy, and motivates you to
excel?
2. What do you like to do with your time?
3. What drains energy from you in your work and in your personal
relationships?
4. How do you measure success in your personal life?
5. What do you consider success in your business/career?
6. What are your specific goals for your personal life?
7. What are your goals for your business/career, including income,
wealth, recognition and impact on your community?
8. What do you want to be doing in one year? In five years? In ten
years? At retirement?
9. What are the major reasons you want to start a business?
10. How many hours are you willing and able to put into your new
venture?
11. How would you describe your tolerance for uncertainty
and risk?
12. Do you easily trust other people working with you on a
common activity? Why or why not?
13. How much financial risk are you willing to take with your
new venture (personal assets, personal debt, etc.)?
14. What are the non-financial risks for you in starting a new
business?
15. How do you react to failure?
16. How do you react in times of personal stress? How do you
deal with stress in your life?
17. How much income do you need with your current
lifestyle?
18. How long could you survive without a paycheck?
19. How much money do you have available to start your
business?
20. Whose support (non-financial) is important for you to
have before starting your business (family, spouse, etc.)?