The power of knowledge and the learning corporation
The power of knowledge and the learning corporation

Summary/Abstract: Globalisation and the ‘new economy’ symbolise the spirit of the age at the beginning of the new millennium and represent a new viewpoint on the world. There is a strong wave of economic, social, cultural and other changes which first started taking effect in developed western countries at the end of the 20th century and were brought about by the mass emergence of IT and communications technologies. A production-based industrial society has now been transformed into a knowledge-based IT society. Information used to be available only within limited circles whereas now it has become omnipresent and available to everyone via the internet. Companies used to be geographically-isolated organisations whilst there are now virtual companies in which employees communicate between themselves via the internet. Knowledge becomes obsolete too quickly in the modern business environment which has prompted innovations and permanent education to become a new corporate business strategy.

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