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First Published in 1998. Routledge is an imprint of Taylor &
Francis, an informa company.
It is said that a little knowledge is a dangerous thing. It is a
time honored cautionary statement that has suddenly acquired a new
urgency. A little knowledge is dangerous, because as a force for
dramatic change, knowledge today is revolutionary. More is known
and being learned everyday than was ever known or learned before.
As a direct result, the pace of change-and that means change in the
sense of everything from business to economics, science, medicine,
and politics-is beginning to accelerate much more rapidly than ever
before in mankind's history.
The purpose of this book then is twofold. First it is to provide a
broader case for action for knowledge management-to explain what it
is, why it has come about and why it is important. In this regard,
we take a step back and try to understand the root causes behind
the knowledge management techniques are very different, and in many
ways more important, than the sort of process or productivity
improvement techniques we have dealt with before.
"Brains, not brawn. The success of countries, companies and people
in the next century will depend on what they know and how clever
they are at using this knowledge. Dale Neef has given us the best
outline yet of the forces behind this extraordinary change in the
world economy, the threats and opportunities we all face, and the
prizes that await the winners."
-Hamish McRae, author, The World in 2020, Associate editor, "The
Independent," London
"Dale Neef has produced a singular achievement: a book which
lucidly
explains the powerful driving role being played by knowledge in the
emerging global economy. He provides a penetrating, all-too-rare
trans-national perspective whichhighlights in a highly readable
manner the historical, social and technological context within
which this revolution is taking place. In doing so, he has stripped
away the hype and jargon with which many knowledge management
"experts" have clouded this structural change in the global
economy.
Mr. Neef offers a fascinating array of facts to support his
explanations and goes on to discuss the implications of these
developments for managers, for companies and for national
governments. This book is a must-read for anyone actively engaged
in global business today."
-Jon Lowe, Former U.S. Deputy Assistant Secretary of Labor
"A Little Knowledge Is a Dangerous Thing provides a very
comprehensive view of the impact that the knowledge revolution on
our 21st Century society. The economic dislocations that Dale Neef
describes are already taking place, creating the prospect that
large segments of our population may not have the skills for
sustainable employment in the future. The implications of these
events on the social and political fabric of our country give one
great pause for reflection and concern."
-William R. Brody, President, The Johns Hopkins University
"Once again, Dale Neef combines just the right amounts of theory,
academia and practical business experience to write a truly
insightful book. In his consulting work, Mr. Neef's broad business,
cultural and educational background has allowed him to analyze
problems from a rich variety of perspectives. In this book, he
artfully applies this skill to Knowledge Management."
-James R. Breakey, Senior Vice President, Chief Information
Officer, Green Tree Financial Corporation
"This book is full of facts... that we needto understand if we are
to draw critical conclusions about how the knowledge economy is
impacting our businesses and our lives. Neef provides us with a
broad perspective, concentrating not just on the US, but including
insightful comparisons with Canada and Europe as well as many
developing countries. The numbers provide an eye opening look at
what has changed and what is changing in the knowledge economy...It
is a book that challenges our thinking and ...provides a much
needed conceptual framework to guide the actions organizations will
need to take in the knowledge economy."
-Nancy M. Dixon, Associate Professor of Administrative Sciences,
The George Washington University
"Leveraging employee knowledge has become a strategic necessity for
all "high road" companies, and organizations must optimize
knowledge management techniques in the new global economy. Ford
understands the need to capitalize on the knowledge of our
employees in order to improve our business and enhance shareholder
value in what is now a knowledge-based, global economy."
-Dar Wolford, Ford Manager, Best Practice Replication
- Marries international knowledge management and economics
- Provides a broader business case for action based on clearly
defined collective set of policies and practices
- The only book we know that explains the cause and effect
relationship between the global knowledge-based economy and
knowledge management
Series: Resources for the Knowledge-Based Economy
What happens to our understanding of economics when the vast
majority of people within our economy are employed to create ideas,
solve problems, or market and sell services rather than to produce
tangible goods? How do we measure non-financial "intangibles" such
as human capital or the effect of R&D? This anthology explores
how economists and public policy makers are re-thinking the way in
which governments measure, monitor, and influence an economy in an
unbounded global environment where output is largely intangible and
organizations are becoming increasingly "non-national" in scope.
Through a collection of seminal articles written by prominent
business people, academics, and public policy makers, this
three-part anthology examines the key issues surrounding the
economic impact of knowledge-based growth, including:
* preparing for the effects of technological change
* understanding the change in traditional economic theory
* how Research and Development will be affected
* who will be the global "knowledge police"?
Most business people think of economics in terms of growth,
interest rates, and inflation. This book is unique in that it
focuses on the economic impact of knowledge-based growth in order
to provide business people with a bigger picture of the knowledge
management case for action with their organizations.
The most up-to-date and most relevant articles on the subject
Unique focus on the theme of knowledge
Organized logically, with a foreword to introduce each section
With the collapse of high-profile companies such as Enron and Tyco,
worldwide anti-globalization protests, and recent revelations of
questionable behavior by financial groups and auditors, corporate
behavior has become the highest priority topic for businesspeople,
investors, politicians and the public. Yet despite the critical
importance of maintaining public and shareholder trust, most
corporations make very little formal effort to actively manage the
activities that can put their reputation, share price, and customer
base at risk. Most corporations officially embrace the concept of
Corporate Social Responsibility; but giving money away to local
communities or worthy causes will not prevent an ethical disaster.
The problem is not social irresponsibility; the problem is a lack
of knowledge about what is taking place in the company or at its
subcontractor sites. What companies need to be thinking about is
not a theoretical construct around Corporate Social Responsibility,
or how they can spin public opinion by charitable actions. They
need to be thinking about how they can create a practical knowledge
and risk management framework in their company that allows them to
avoid costly and reputation-damaging behavior in the first place.
Ultimately, this comes down to knowledge management. Whether
violations of human rights, employment law, or environmental
standards - or simply accounting shenanigans - invariably the
reason that these activities are not anticipated and avoided is
simply that executives and board members do not realize what is
happening in the organization, and what the likely implications of
actions will be. And the larger the organization, the more
extensive thatlack of knowledge.
The good news is that developing a strategic approach to corporate
integrity is neither exceptionally expensive nor particularly
difficult. The problem is that companies that are already using
sophisticated information technology and knowledge management tools
for gathering internal and external information have focused those
systems and practices almost exclusively on operational issues and
increasing productivity. But these same knowledge management
techniques - built around emerging ethical guidelines being
developed by international standards groups - can be used by
companies to create an effective global policy for building and
maintaining corporate integrity. This means applying knowledge
management techniques in three important areas:
* First, they need to mobilize key employee knowledge and the vast
amount of information available on potentially sensitive issues in
a way that allows key decision-makers to "sense and respond"
quickly and correctly to developing risks.
* Second, it means creating objective, scenario-based guidelines
for ethical behavior, communicating those guidelines using
knowledge management techniques among key organizational leaders,
and providing a workable system of incentives for managers to
surface potentially dangerous issues.
* Third, companies need to adopt emerging guidelines such as AA1000
that provide for ethical procedures and performance indicators that
enable companies to audit and monitor their own behavior, and also
to provide shareholders and the buying public with an objective
report on the company's ethical performance. Much like ISO 9000,
Six Sigma and other performance and productivity and
practicestandards of the 1990s, these new global ethics standards
will inevitably become a baseline by which investors and customers
judge a company's potential for future growth and stability. High
marks on auditable ethical performance set against these guidelines
will become an important way for companies to differentiate
themselves from their competition in the future.
Developing a workable program for corporate ethics will be one of
the most important issues of this decade, and will be "the next big
thing" for large organizations. A drive toward standardized
reporting of corporate ethics practices was coming anyway; the
recent public corporate disasters will only encourage corporate
executive teams to scramble to demonstrate to customers and
shareholders that their organization takes these issues seriously.
This book, therefore, will be a primer for business people and
business students worldwide who will shortly be tasked with
devising or participating in those types of corporate integrity
initiatives, and will explain how knowledge management is
indispensable as a tool for helping corporations to manage their
risk and integrity policies. Through a mixture of leading practice
case studies and a clear framework, it will show how a corporation
can begin to combine leading practices in risk and knowledge
management with emerging international guidelines in order to
develop and manage a program of corporate integrity.
* The first book to show how knowledge management and corporate
integrity intersect
* Shows executives how to develop a strategic approach to corporate
integrity in this post-Enron age
* Neef, an expert on knowledge management, explains how a company
canre-engineer existing knowledge management systems to build and
maintain an effective corporate integrity program
With the collapse of high-profile companies such as Enron and Tyco,
worldwide anti-globalization protests, and recent revelations of
questionable behavior by financial groups and auditors, corporate
behavior has become the highest priority topic for businesspeople,
investors, politicians and the public. Yet despite the critical
importance of maintaining public and shareholder trust, most
corporations make very little formal effort to actively manage the
activities that can put their reputation, share price, and customer
base at risk. Most corporations officially embrace the concept of
Corporate Social Responsibility; but giving money away to local
communities or worthy causes will not prevent an ethical disaster.
The problem is not social irresponsibility; the problem is a lack
of knowledge about what is taking place in the company or at its
subcontractor sites. What companies need to be thinking about is
not a theoretical construct around Corporate Social Responsibility,
or how they can spin public opinion by charitable actions. They
need to be thinking about how they can create a practical knowledge
and risk management framework in their company that allows them to
avoid costly and reputation-damaging behavior in the first
place.Ultimately, this comes down to knowledge management. Whether
violations of human rights, employment law, or environmental
standards - or simply accounting shenanigans - invariably the
reason that these activities are not anticipated and avoided is
simply that executives and board members do not realize what is
happening in the organization, and what the likely implications of
actions will be. And the larger the organization, the more
extensive that lack of knowledge. The good news is that developing
a strategic approach to corporate integrity is neither
exceptionally expensive nor particularly difficult. The problem is
that companies that are already using
It is said that a little knowledge is a dangerous thing. It is a
time honored cautionary statement that has suddenly acquired a new
urgency. A little knowledge is dangerous, because as a force for
dramatic change, knowledge today is revolutionary. More is known
and being learned everyday than was ever known or learned before.
As a direct result, the pace of change-and that means change in the
sense of everything from business to economics, science, medicine,
and politics-is beginning to accelerate much more rapidly than ever
before in mankind's history.The purpose of this book then is
twofold. First it is to provide a broader case for action for
knowledge management-to explain what it is, why it has come about
and why it is important. In this regard, we take a step back and
try to understand the root causes behind the knowledge management
techniques are very different, and in many ways more important,
than the sort of process or productivity improvement techniques we
have dealt with before. "Brains, not brawn. The success of
countries, companies and people in the next century will depend on
what they know and how clever they are at using this knowledge.
Dale Neef has given us the best outline yet of the forces behind
this extraordinary change in the world economy, the threats and
opportunities we all face, and the prizes that await the
winners."-Hamish McRae, author, The World in 2020, Associate
editor, "The Independent", London"Dale Neef has produced a singular
achievement: a book which lucidlyexplains the powerful driving role
being played by knowledge in the emerging global economy. He
provides a penetrating, all-too-rare trans-national perspective
which highlights in a highly readable manner the historical, social
and technological context within which this revolution is taking
place. In doing so, he has stripped away the hype and jargon wi
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