What Has The Knowledge Age To Do With My Local Business?

Actually, EVERYTHING. Whether you like it or not your business is trading in the Knowledge Age Environment. There are three main forces to the knowledge economy:

1. Globalisation, from your business perspective, means that capital is free to move across national borders and is available for investment in new ideas, products or services - anywhere in the world.
2. Information Technology is about digitising information - words, images and sounds. This digital technology is at the heart of the emerging knowledge economy, and is the visible face of the knowledge age.
3. Shareholder Value is the creation of corporate wealth rather than its destruction. To increase shareholder value, you must adopt strategies which support wealth creation.
   
   

In this knowledge age environment, have you ever wondered what competitive value will be generated by truly understanding everything that is happening in your business?

Have you ever worried that you are potentially blindsided to trends that are taking shape that you cannot see because of lack of appropriate business intelligence?

If YES, then you will appreciate not only the clout behind the saying "Knowledge Is Power!", but also the critical importance of information for your commercial wealth.

Turning your data into information, information into knowledge, and knowledge into business intelligence is not easy. Without the right business intelligence, at the right time, your chances for failure are raised dramatically.

"The mechanics of running a business are really not very complicated when you get down to essentials. You have to make some stuff and sell it to somebody for more than it cost you. That's about all there is to it, except for a few million details."

John L. McCaffrey