THOUGHT FOR THE DAY

knowledge

“An investment in knowledge pays the best interest.” - Benjamin Franklin

TOPIC OF THE DAY

Knowledge Management - "A New Paradigm"

With the emergence of Liberalization, Privatization and Globalization (LPG), the business environment has become more dynamic, markets are becoming competitive, businesses are becoming service-oriented and diversified, educated workforce is growing in number. Information revolution is actually knowledge revolution. Nowadays, organizations are capitalizing on knowledge-based work and knowledge workers are regarded as "Intellectual Capital".

Paradigm Shift as a change from one way of thinking to another. It's a revolution, a transformation, a sort of metamorphosis. It just does not happen, but rather it is driven by agents of change. There is transformation of the industrial economy into a knowledge-based economy in 21st Century. In this scenario; the role of HR managers has become very crucial. They need to attract, mold, develop, retain and fulfill the expectations of "knowledge workers". It has become evident that the application of effective HRM practices in managing them can only lead the organization towards success.

Read on...

LATEST ARRIVALS

BUY ME! by Marshal Cohen