Eldar University - IT and Economy

 #Economy, #KnowledgeAge, #KnowledgeEconomy, #DiscoveryEconomy, #SocialSystems This article introduces the idea of Discovery Economy which seems to take a root in the world economy. Parable preface In a far far away land, there was a very lonely king. So, he wanted to marry a princess. He had heard of one locked in the highest room of the tallest tower of a castle guarded by a fire breathing dragon. The king did not have time for such technicalities as killing a dragon or finding the princess and the castle in the first place, so he called the Hero and asked him to rescue the princess and bring her to him. - Sure thing, Your Majesty, - said the Hero, - but I’ll need some time and road expenses. - Talk to my Treasurer, he will provide you for the road, - casually dropped the king and turned to more important things to do. - It does not work this way, - said the Treasurer self-importantly, - Write the Design. Where will you go, which cities you will visit, how much room and fo...

#KnowledgeEconomy #KnowledgeAge #KnowledgeWorkers #Economy #SocialSystems #BoringBackground This article explains what knowledge economy is and provides the background info necessary for that explanation. Preface In 1959 “the father of American corporate management” Peter F. Drucker introduced a term “knowledge workers” in his book “The Landmarks of Tomorrow”. Basically, he noticed that since the World War II, we’ve got a lot of workers who could not be managed in the old, Industrial Age, ways. “Scientific Method” of Taylor1 simply did not work anymore with these workers. And the suggestion was to manage them differently. Later a lot of other people contributed to how it could be done, and it’s still very much work in progress. Adding to that statement, it’s fairly clear why it did not work. Tailor’s method was to split a complicated process, like creation of optical lenses or arsenal workers. With knowledge workers splitting work into tiny steps on one project did not work, because on...