Knowledge-Based Economy Importance
UNIVERSITI TEKNOLOGI MARA
FACULTY OF INFORMATION MANAGEMENT
BACHELOR OF INFORMATION SCIENCE (HONS.) RESOURCE CENTRE MANAGEMENT
(IM 247)
INDIVIDU ASSIGNMENT:
Knowledge-Based Economy
(The Importance of Knowledge-Based Economy in Business Activities)
Prepared by:
Che Ku Nor Saadah Binti Che Ku Mohd Salleh
(2014893212)
Prepared for:
Encik Noor Zaidi Sahid
Group:
(IMA657 247/6A)
Date of submission:
08 April 2016
KNOWLEDGE- BASED ECONOMY
The Importance of Knowledge-Based Economy in Business Activities
Abstract:
The purpose of this paper is to present the important of knowledge-based economy in the business activities in organization and also their impact in economic growth. This paper observes more about the knowledge-based economy from literature review. It’s also discusses about on how knowledge-based economy can increase economy wide productivity, spawning new activities for investment and also productivity enhancement. This allows understanding more details about knowledge-based economy.
Keywords:
Knowledge, knowledge-based economy, business activities.
1.0 Introduction We can see about the knowledge-based economy in general aspect. As we know, this economy is an economy that is focuses on the knowledge and ideas. Knowledge is a key factor in growth, wealth creation and service based on knowledge of business activities, Gabriela L. Sabau, (2009). This is why today the knowledge can be defined as a driving force of the economic growth and productivity. From
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