Business Strategy in the New Knowledge Economy

In the new knowledge economy, the principles of business strategy are being transformed. Instead of a focus on physical assets and economies of scale, the drivers of success reside in connectivity and intangibles. Businesses increasingly need to develop and manage both complex interactions within themselves and complex ecologies or organizations around themselves so as to succeed. The selection of strategic partners with whom to collaborate is now becoming a life or death issue for most firms.

Focus on Your Core Competencies and Partner for the Rest

→ Core Competencies are the most significant → value creating skills within your corporation and key areas of expertise which are distinctive to your company and critical to the company's long term and sustainable → Growth.

→ Synergy is the power behind effective business partnerships. In a business partnership, two parties leverage their assets (resources, core competencies, → capabilities, expertise, client base etc.) for the mutual benefit of both... More