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1 1 Transforming Knowledge: The 21 Century Wealth Driver Dr. Charles M. Savage Knowledge Era Enterprises, Inc. “ Shaping our Future …” Cable Wireless Optus Melbourne, October 28, 1999 2 Knowledge, A Map Please? 3 Historical Eras Agricultural Industrial Knowledge 4 ? Sharing of logs ? Superstition: Unlucky to go out twice with the same crew ? Known split of profits from the trip Whaling Industry … Prototype of Knowledge Intense Industry 5 Knowledge Energy Aspirations Capabilities Aspirations Capabilities ? ? ? ? ? ? ? ? ? ? ? ? Person A Person B 6 Sources of Wealth: Agricultural Era Labor Hands Knowledge Heads Capital: Money Machines Land Resources 7 Sources of Wealth: Industrial Era Labor Hands Knowledge Heads Capital: Money Machines Land Resources 8 Sources of Wealth: Knowledge Era Labor Hands Knowledge Heads Capital: Money Machines Land Resources 9 Sources of Wealth: Labor Hands Knowledge Heads Capital: Money Machines Land Resources 10 Sources of Wealth: Labor Hands Knowledge Heads Capital: Money Machines Land Resources Economy of Scarcity Economy of Abundance 11 New Vortex of Understanding about Knowledge Era Organizational Learning SelfOrganizing The Web Intellectual Capital Core Competencies Innovation Knowledge Management Emotional Intelligence 12 Dynamic Stable Complex Simple Pace of Change Knowledge Requirements Nolan Norto