Hrm Iin Knowledge Economy

HRM in the K in a flashledge Economy: Realising the Potential Whicker, L.M and Andrews, K. M. Asia Pacific Journal of sympathetic Resources (2004), 42, 2, 156 165. HRM in the Knowledge Economy: Realising the Potential Abstract In the experience economy, acquaintance-based capabilities atomic number 18 the key to competitive advantage. At the unbendable level, this places the enterprises people, their knowledge and innovative capacity at the heart of strategic potential, and organisations that excel in attracting, creating, managing and sustaining knowledge capabilities are advantaged. Human Resource Management (HRM) has over recent days been exhorted to demonstrate its position as a strategic participator to executive management: this promise has been only partially realised. In this article, we explore the knowledge economy and the management of knowledge from an HRM perspective. commanding a central position in realising value from knowledge assets is proposed as a strategic subprogram for HRM. Specifically, HRM must oppose to the key challenges presented by the knowledge economy.

We identify four HRM priorities: becoming expert in identifying and defining strategic knowledge capabilities; exploitation and managing knowledge workers by leveraging the knowing-learning-doing nexus; building knowledge value as an organisational as well as an psyche asset; and minimising enterprise knowledge risk. Keywords: Knowledge economy, knowledge management, knowledge workers, knowledge value, knowledge risk, knowledge worker productivity Dr Kate Andrews is now Principal, KNOWABLE, and an Adjunct Sernior Lecturer at Australias Griffith University. +61 7 3356 0471 kate.andrews@knowable.com.au www.knowable.com.au 1 The opportunity for HR new rules of the knowledge economy If the role of management is to preserve and build the assets of the organisation, what are the implications of this when the knowledge of employees is an asset and increasingly the prime asset? Many organisations have off to explicit... If you want to get a full essay, order it on our website: Orderessay

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