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Showing posts from March, 2010

Knowledge Economies & Lifelong Learning

During my childhood, we children had heard a thousand times our grandparents, parents and teachers saying "Knowledge is the greatest wealth". We used to take it as a spiritual saying. But now all of us realize that it is a material truth as well. In the new economic order knowledge leads the way for wealth creation. Knowledge is extensively used either as a product or a tool for economic prosperity. Yes, Knowledge Economies are a reality now.

Practical knowledge to help organizations to overcome critical and unforeseen issues, domain expertise to frame and fine tune new strategies, technical knowledge and skill for optimum exploitation of available resources...these are the things most important now, far above products and finances. Non-availability of required information or knowledge during a critical hour may damage the market leadership of organizations and rewrite the economic equations overnight.

This paradigm shift in the economy has placed knowledge acquisition at th…