Globalization of Knowledge: Analysis of Issues and Challenges Report
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This report delves into the globalization of knowledge, analyzing its major issues and challenges. It begins by introducing the concept of globalization and its historical context, emphasizing the role of knowledge in various processes. The report then focuses on a video discussing key aspects such as global networks, contextual awareness, and hybrid intelligence, highlighting the impact of the Fourth Industrial Revolution. The analysis covers critical issues like preparing individuals for technological advancements, ethical considerations in knowledge transfer, prioritizing knowledge transfer within organizations, and the application of knowledge in intensive activities. The report examines how globalization affects decision-making by global leaders and the connections between ideas and experts worldwide, offering recommendations on addressing the identified issues and their implications for business organizations.
Running head: GLOBALISATION OF KNOWLEDGE
GLOBALISATION OF KNOWLEDGE: AN ANALYSIS OF THE MAJOR ISSUES AND
CHALLENGES
Name of the Student:
Name of the University:
Author’s Note:
GLOBALISATION OF KNOWLEDGE: AN ANALYSIS OF THE MAJOR ISSUES AND
CHALLENGES
Name of the Student:
Name of the University:
Author’s Note:
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1GLOBALISATION OF KNOWLEDGE
Introduction
Globalization processes are ongoing for millennia and also involve knowledge in many
different and significant ways. The process of globalization is not considered to be a linear
progression rather it is a dynamic method that is able to involve both the intrinsic and extrinsic
factors which are influenced heavily by the local and regional conditions. The study based on
globalization of knowledge is able to cross different disciplinary boundaries and also requires
new theoretical language in order to describe it (Karlsson, Cornett & Wallin, 2018). The
discussion based on globalization is mainly considered to be economic in nature and also refers
to the transnational markets for capital, goods and labour as well. Globalization has thereby
occurred throughout the human history and is able to involve knowledge in a significant manner
(Grossman & Helpman, 2015).
The situation that has been presently developed is considered to be a result of the
different historical processes which includes politics, economics, sociocultural changes and the
technological advances as well. The role that is played by knowledge in different historical
processes has valuable implications for the proper understanding of the current process. The
future development of globalization processes and their proper understanding is able to play a
major role in considering the economy of knowledge (Turner & Holton, 2015). The contradiction
that takes place within the process of globalization can lead to homogeneity and the
standardization of culture as well. The diverse coping strategies are also provoked based on the
strategies that are created. The contrast mainly indicates an important mediatory role that the
national and the regional institution can play in proper implementation of the global processes
(Antonelli & Fassio, 2016). It is also able to show that the globalization is considered to be a
Introduction
Globalization processes are ongoing for millennia and also involve knowledge in many
different and significant ways. The process of globalization is not considered to be a linear
progression rather it is a dynamic method that is able to involve both the intrinsic and extrinsic
factors which are influenced heavily by the local and regional conditions. The study based on
globalization of knowledge is able to cross different disciplinary boundaries and also requires
new theoretical language in order to describe it (Karlsson, Cornett & Wallin, 2018). The
discussion based on globalization is mainly considered to be economic in nature and also refers
to the transnational markets for capital, goods and labour as well. Globalization has thereby
occurred throughout the human history and is able to involve knowledge in a significant manner
(Grossman & Helpman, 2015).
The situation that has been presently developed is considered to be a result of the
different historical processes which includes politics, economics, sociocultural changes and the
technological advances as well. The role that is played by knowledge in different historical
processes has valuable implications for the proper understanding of the current process. The
future development of globalization processes and their proper understanding is able to play a
major role in considering the economy of knowledge (Turner & Holton, 2015). The contradiction
that takes place within the process of globalization can lead to homogeneity and the
standardization of culture as well. The diverse coping strategies are also provoked based on the
strategies that are created. The contrast mainly indicates an important mediatory role that the
national and the regional institution can play in proper implementation of the global processes
(Antonelli & Fassio, 2016). It is also able to show that the globalization is considered to be a
2GLOBALISATION OF KNOWLEDGE
dynamic process which involves the interaction of different layers that include, population
migration, discrimination of the religious ideas, technological spread and emergence of the
multilingualism. The different aspects like, tools, goods, technical skills and ideas circulate
among the different groups with various rates of diffusion. However, they are considered to be
typically faster than the languages, traditional rituals and the political or administrative
institutions that are able to indicate the critical role of knowledge in different processes (Liñán,
Paul & Fayolle, 2019).
The video is mainly based on the major aspects that are an important part of the process
of globalization of knowledge. The three major points that have been considered for discussion
in case of the globalization of knowledge are, global network, contextual awareness and hybrid
intelligence. These aspects have been taken into consideration for the purpose of analysing the
impact and the process of globalization of knowledge (Rapoport, 2016). The increase in levels of
complexity of role played by the governments is also an important part of the discussion that has
been made in the video. The Fourth Industrial Revolution and the requirement of new tools in the
globalized world is also an important part of the entire discussion. The required connection has
been formed between different aspects like, ideas, knowledge and the experts around the world
in the video under discussion here. The empowerment of global leaders of different countries has
been discussed in the video (YouTube.com. 2019).
The report will be based on the discussion related to the issues that have been discussed
in the video based on the topic of globalization of knowledge. The issues will also be analysed in
order to understand and provide specific recommendations. The recommendations will be mainly
based on the ways by which the issues can be addressed (Ambrose & Sternberg, 2016). The
global leaders and their impact on the industrial revolution will also be a major part of the
dynamic process which involves the interaction of different layers that include, population
migration, discrimination of the religious ideas, technological spread and emergence of the
multilingualism. The different aspects like, tools, goods, technical skills and ideas circulate
among the different groups with various rates of diffusion. However, they are considered to be
typically faster than the languages, traditional rituals and the political or administrative
institutions that are able to indicate the critical role of knowledge in different processes (Liñán,
Paul & Fayolle, 2019).
The video is mainly based on the major aspects that are an important part of the process
of globalization of knowledge. The three major points that have been considered for discussion
in case of the globalization of knowledge are, global network, contextual awareness and hybrid
intelligence. These aspects have been taken into consideration for the purpose of analysing the
impact and the process of globalization of knowledge (Rapoport, 2016). The increase in levels of
complexity of role played by the governments is also an important part of the discussion that has
been made in the video. The Fourth Industrial Revolution and the requirement of new tools in the
globalized world is also an important part of the entire discussion. The required connection has
been formed between different aspects like, ideas, knowledge and the experts around the world
in the video under discussion here. The empowerment of global leaders of different countries has
been discussed in the video (YouTube.com. 2019).
The report will be based on the discussion related to the issues that have been discussed
in the video based on the topic of globalization of knowledge. The issues will also be analysed in
order to understand and provide specific recommendations. The recommendations will be mainly
based on the ways by which the issues can be addressed (Ambrose & Sternberg, 2016). The
global leaders and their impact on the industrial revolution will also be a major part of the
3GLOBALISATION OF KNOWLEDGE
analysis that will be done in the report. The decision making process of global leaders is also
affected in a huge manner by the changes that take place due to globalization of knowledge. The
connections that are developed between different ideas and experts in different parts of world
will also be an important part of the discussion that will be made in the report.
Overview of the video
The video has been able to provide a major view of the impact that is created by
knowledge in different areas and various countries as well. The decision making capabilities of
different global leaders and the role that is played by them has been discussed in the video. The
debate is mainly based on the Fourth Industrial revolution that has taken place and the ways by
which it has affected people all over the world. The empowerment of leaders all around the
world due to globalization is an important part of the debate and the discussion as well. The
World Economic Forum has mainly set up this debate in order to understand the complex
connections that have been developed between various aspects that are a part of globalization of
knowledge (Hislop, Bosua & Helms, 2018). The transformations that have been taken place after
the Fourth Industrial Revolution have been discussed and analysed in the video that is based on a
debate. The connections have been developed by the growth of knowledge, experts and ideas in
different parts of the world. The issues that can affect the decisions taken by the global leaders in
various countries have been discussed in the video. The video will be mainly based on the
knowledge that has been gained by the leaders and the implementation of this knowledge in
different areas.
analysis that will be done in the report. The decision making process of global leaders is also
affected in a huge manner by the changes that take place due to globalization of knowledge. The
connections that are developed between different ideas and experts in different parts of world
will also be an important part of the discussion that will be made in the report.
Overview of the video
The video has been able to provide a major view of the impact that is created by
knowledge in different areas and various countries as well. The decision making capabilities of
different global leaders and the role that is played by them has been discussed in the video. The
debate is mainly based on the Fourth Industrial revolution that has taken place and the ways by
which it has affected people all over the world. The empowerment of leaders all around the
world due to globalization is an important part of the debate and the discussion as well. The
World Economic Forum has mainly set up this debate in order to understand the complex
connections that have been developed between various aspects that are a part of globalization of
knowledge (Hislop, Bosua & Helms, 2018). The transformations that have been taken place after
the Fourth Industrial Revolution have been discussed and analysed in the video that is based on a
debate. The connections have been developed by the growth of knowledge, experts and ideas in
different parts of the world. The issues that can affect the decisions taken by the global leaders in
various countries have been discussed in the video. The video will be mainly based on the
knowledge that has been gained by the leaders and the implementation of this knowledge in
different areas.
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4GLOBALISATION OF KNOWLEDGE
Issues highlighted in the videos and their importance
The video has been able to highlight different issues that have an impact on the business
organizations that operate in the global environment. The issues have major importance in case
of the challenges that are faced by the modern organizations and the ways by which they are
trying to prepare for the changes that take place due to knowledge based globalization (Donate &
de Pablo, 2015). The different issues that are a part of the video will be discussed as follows,
Preparing the individuals to face Fourth Industrial Revolution – The different
individuals and business enterprises need to prepare in order to face the consequences of
Fourth Industrial Revolution. The emerging technologies have started disrupting many
industries and also bringing the large scale, rapid and wide ranging consequences that
require systems thinking and high levels of collaboration between the stakeholders. The
growing number of food start-ups had started threatening future of $90 Billion meat
based industry. The plant-based protein production related facilities and the labs which
manufacture meat from the animal stem cells having started taking the place of the farm
feed lots and the slaughterhouses (Inkinen, 2016). The meat based value chain can be
transformed in a huge manner. This will also be able to change the environment as the
world population can start switching from eating real meat products to the alternative
proteins. This can be considered to be a single example of the ways by which emerging
technologies are driven by the Fourth Industrial Revolution have disrupted the industries
and started bringing changes with the wide-ranging consequences (Dayan, Heisig &
Matos, 2017). The combination of different technologies like, Big Data, Internet of
Things, machine learning and artificial intelligence have been able to affect different
industries in a huge manner. The other major technologies that have been able to affect
Issues highlighted in the videos and their importance
The video has been able to highlight different issues that have an impact on the business
organizations that operate in the global environment. The issues have major importance in case
of the challenges that are faced by the modern organizations and the ways by which they are
trying to prepare for the changes that take place due to knowledge based globalization (Donate &
de Pablo, 2015). The different issues that are a part of the video will be discussed as follows,
Preparing the individuals to face Fourth Industrial Revolution – The different
individuals and business enterprises need to prepare in order to face the consequences of
Fourth Industrial Revolution. The emerging technologies have started disrupting many
industries and also bringing the large scale, rapid and wide ranging consequences that
require systems thinking and high levels of collaboration between the stakeholders. The
growing number of food start-ups had started threatening future of $90 Billion meat
based industry. The plant-based protein production related facilities and the labs which
manufacture meat from the animal stem cells having started taking the place of the farm
feed lots and the slaughterhouses (Inkinen, 2016). The meat based value chain can be
transformed in a huge manner. This will also be able to change the environment as the
world population can start switching from eating real meat products to the alternative
proteins. This can be considered to be a single example of the ways by which emerging
technologies are driven by the Fourth Industrial Revolution have disrupted the industries
and started bringing changes with the wide-ranging consequences (Dayan, Heisig &
Matos, 2017). The combination of different technologies like, Big Data, Internet of
Things, machine learning and artificial intelligence have been able to affect different
industries in a huge manner. The other major technologies that have been able to affect
5GLOBALISATION OF KNOWLEDGE
various industries after the Fourth Industrial Revolution are, autonomous vehicles, block
chain, additive manufacturing, advanced robotics, nanotechnologies, genomics and the
new energy based technologies. The advances of merging physical, biological and digital
worlds which in different ways which create both the potential peril and huge promise as
well (Inkinen, 2016).
Use of the ethics in transfer of knowledge – The process of organizational learning,
knowledge codification, knowledge reuse and knowledge creation is based on the transfer
of tacit knowledge between the individuals. The proper conversion of tacit knowledge to
the explicit knowledge can also raise important issues that are related to ethics and self-
interest levels as the two counter determinants. The major question in this case is to that
whether the organizations are able to own the knowledge of employees. Knowledge is an
attribute of the autonomous individuals and are subject to the protection under the human
rights (Dayan, Heisig & Matos, 2017). The organizational knowledge can thereby fall
under intellectual property based theory and the organizations have the right to buy, sell
and use the corporate knowledge based on their specific needs. On the other hand, the
personal knowledge that has been gained by the employees falls under the personal
privacy based theory and the individuals have right to protect security of the levels of
personal knowledge. The processes of knowledge management can change based on the
types of knowledge and the levels of importance as well (Inkinen, 2016). Knowledge has
started becoming a major driving force that is related to the success that is gained by a
business organization and the different intelligent organizations have recognised that
knowledge is a major asset which grows with time and also provides the organization
with an ability to compete and innovate on a continuous basis. Knowledge has been
various industries after the Fourth Industrial Revolution are, autonomous vehicles, block
chain, additive manufacturing, advanced robotics, nanotechnologies, genomics and the
new energy based technologies. The advances of merging physical, biological and digital
worlds which in different ways which create both the potential peril and huge promise as
well (Inkinen, 2016).
Use of the ethics in transfer of knowledge – The process of organizational learning,
knowledge codification, knowledge reuse and knowledge creation is based on the transfer
of tacit knowledge between the individuals. The proper conversion of tacit knowledge to
the explicit knowledge can also raise important issues that are related to ethics and self-
interest levels as the two counter determinants. The major question in this case is to that
whether the organizations are able to own the knowledge of employees. Knowledge is an
attribute of the autonomous individuals and are subject to the protection under the human
rights (Dayan, Heisig & Matos, 2017). The organizational knowledge can thereby fall
under intellectual property based theory and the organizations have the right to buy, sell
and use the corporate knowledge based on their specific needs. On the other hand, the
personal knowledge that has been gained by the employees falls under the personal
privacy based theory and the individuals have right to protect security of the levels of
personal knowledge. The processes of knowledge management can change based on the
types of knowledge and the levels of importance as well (Inkinen, 2016). Knowledge has
started becoming a major driving force that is related to the success that is gained by a
business organization and the different intelligent organizations have recognised that
knowledge is a major asset which grows with time and also provides the organization
with an ability to compete and innovate on a continuous basis. Knowledge has been
6GLOBALISATION OF KNOWLEDGE
claimed to be one of the major resources that is able to provide a competitive advantage
to the organization that is highly sustainable in nature. The development of competitive
advantage by an organization is considered to be an important factor that is affected in a
positive manner by the knowledge management related activities and processes (Hislop,
Bosua & Helms, 2018). Modern organizations have also started hiring staff based on the
levels of knowledge that they possess. The ability of employees to solve different issues
is considered to be an important factor that is able to affect the knowledge management
process implemented by the organizations.
Prioritization of knowledge transfer – The prioritization of knowledge transfer is an
important factor that has an impact on the business unit and team that is a part of the
modern business organizations. The priority is able to determine speed with which an
organization can implement knowledge transfer based methodology and talent risks are
also reduced in the process. The priority is able to set parameters for the process of
marshalling the resources and the partnering with different teams and business units as
well. Priority is mainly related to the calculation of the percentage of time that is required
for transferring the knowledge to the peers (Hislop, Bosua & Helms, 2018). This is
considered to be an important process as experts are considered to be highly busy people
in the entire workforce and are able to play a critical role as well. The preparation that is
required to be taken for the next generation workers is also related to the process of
effective knowledge transfer. The development of priorities is considered to be an
important factor that has an impact on the global operations that are conducted by the
organizations in different countries of the world (YouTube.com. 2019).
claimed to be one of the major resources that is able to provide a competitive advantage
to the organization that is highly sustainable in nature. The development of competitive
advantage by an organization is considered to be an important factor that is affected in a
positive manner by the knowledge management related activities and processes (Hislop,
Bosua & Helms, 2018). Modern organizations have also started hiring staff based on the
levels of knowledge that they possess. The ability of employees to solve different issues
is considered to be an important factor that is able to affect the knowledge management
process implemented by the organizations.
Prioritization of knowledge transfer – The prioritization of knowledge transfer is an
important factor that has an impact on the business unit and team that is a part of the
modern business organizations. The priority is able to determine speed with which an
organization can implement knowledge transfer based methodology and talent risks are
also reduced in the process. The priority is able to set parameters for the process of
marshalling the resources and the partnering with different teams and business units as
well. Priority is mainly related to the calculation of the percentage of time that is required
for transferring the knowledge to the peers (Hislop, Bosua & Helms, 2018). This is
considered to be an important process as experts are considered to be highly busy people
in the entire workforce and are able to play a critical role as well. The preparation that is
required to be taken for the next generation workers is also related to the process of
effective knowledge transfer. The development of priorities is considered to be an
important factor that has an impact on the global operations that are conducted by the
organizations in different countries of the world (YouTube.com. 2019).
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7GLOBALISATION OF KNOWLEDGE
Usage of the knowledge in intensive activities – The process of innovation in different
services is outlined in an effective manner by the knowledge-intensive business services
or the KIBS concept. The knowledge-intensive service activities link the production of
the knowledge to different innovative activities and had started becoming a major focus
for analysis of the innovation processes. The activities that are considered to be
knowledge intensive in nature can play a major role in the development of the
performance of the organizations (YouTube.com. 2019). The size of the firms has an
impact on the market focus, organizational profile and different other characteristics as
well. The innovation dynamics in different services are able to affect systematic,
traditional and the knowledge based activities that are performed by different
organizations. The knowledge can thereby be used by the organizations in order to
continue the development of innovative processes and supporting the innovative activities
as well. The services that are provided by the organizations on an internal or external
basis can have an impact on the knowledge management processes (Ambrose &
Sternberg, 2016).
Pushing knowledge in local language – The language based skills are considered to be
an important aspect of the support that can be provided to the organizations and
employees as well. The SMEs can ensure the growth of their firms in different countries
with the help of proper understanding of the local languages. The business mainly relies
on the translators for help when they operate in a different country. The organization can
maintain its operations in country for a longer period of time with the help of proper
understanding of the local languages and the local business processes as well. The ease of
communication is considered to be an important factor that can have an impact on the
Usage of the knowledge in intensive activities – The process of innovation in different
services is outlined in an effective manner by the knowledge-intensive business services
or the KIBS concept. The knowledge-intensive service activities link the production of
the knowledge to different innovative activities and had started becoming a major focus
for analysis of the innovation processes. The activities that are considered to be
knowledge intensive in nature can play a major role in the development of the
performance of the organizations (YouTube.com. 2019). The size of the firms has an
impact on the market focus, organizational profile and different other characteristics as
well. The innovation dynamics in different services are able to affect systematic,
traditional and the knowledge based activities that are performed by different
organizations. The knowledge can thereby be used by the organizations in order to
continue the development of innovative processes and supporting the innovative activities
as well. The services that are provided by the organizations on an internal or external
basis can have an impact on the knowledge management processes (Ambrose &
Sternberg, 2016).
Pushing knowledge in local language – The language based skills are considered to be
an important aspect of the support that can be provided to the organizations and
employees as well. The SMEs can ensure the growth of their firms in different countries
with the help of proper understanding of the local languages. The business mainly relies
on the translators for help when they operate in a different country. The organization can
maintain its operations in country for a longer period of time with the help of proper
understanding of the local languages and the local business processes as well. The ease of
communication is considered to be an important factor that can have an impact on the
8GLOBALISATION OF KNOWLEDGE
understanding of the culture that has been developed by the organizations (Inkinen,
2016). Some of the modern organizations can however consider the employees who have
knowledge based on different languages in order to operate in the complex or the big
markets. The clients of different organizations are multinational organizations and the
development of knowledge is considered to be an important factor that has an impact on
the operations for a long period of time. The lack of proper knowledge is considered to be
an important factor that has an important effect on the speed of the operations. The
training that is provided to the employees is able to help them in order to maintain their
position in the organization (YouTube.com. 2019). The different e-learning methods are
considered to be important aspects of the ways by which the company can continue its
operations on an international and domestic basis as well. Pushing knowledge with the
help of local languages is able to improve the work process of the employees in
international or the global organizations. For example, an organization that has its
production facilities in China needs to have specific understanding of Mandarin language.
The proper knowledge of Mandarin is considered to be an important aspect that can help
in speeding up the operations and functioning of the organizations. Mandarin is
considered to be increasingly important for the operations of different organizations in
the country (YouTube.com. 2019).
Usage of interdisciplinary approach towards the technology – The teaching of
technology with the help of interdisciplinary approach is a major part of the knowledge
management activities. The study of technology has started becoming a major component
of the different subjects like, social studies, science. The interdisciplinary study is a
concept that is connected to different subjects in an effective manner. The influence of
understanding of the culture that has been developed by the organizations (Inkinen,
2016). Some of the modern organizations can however consider the employees who have
knowledge based on different languages in order to operate in the complex or the big
markets. The clients of different organizations are multinational organizations and the
development of knowledge is considered to be an important factor that has an impact on
the operations for a long period of time. The lack of proper knowledge is considered to be
an important factor that has an important effect on the speed of the operations. The
training that is provided to the employees is able to help them in order to maintain their
position in the organization (YouTube.com. 2019). The different e-learning methods are
considered to be important aspects of the ways by which the company can continue its
operations on an international and domestic basis as well. Pushing knowledge with the
help of local languages is able to improve the work process of the employees in
international or the global organizations. For example, an organization that has its
production facilities in China needs to have specific understanding of Mandarin language.
The proper knowledge of Mandarin is considered to be an important aspect that can help
in speeding up the operations and functioning of the organizations. Mandarin is
considered to be increasingly important for the operations of different organizations in
the country (YouTube.com. 2019).
Usage of interdisciplinary approach towards the technology – The teaching of
technology with the help of interdisciplinary approach is a major part of the knowledge
management activities. The study of technology has started becoming a major component
of the different subjects like, social studies, science. The interdisciplinary study is a
concept that is connected to different subjects in an effective manner. The influence of
9GLOBALISATION OF KNOWLEDGE
industrial revolution is quite high on the education process that was earlier dominated by
the religion related aspects or factors (YouTube.com. 2019). The demand for specialized
education had been previously quite high and the changes that have taken place in the
structure of different colleges and universities in different countries of the world is based
on the industrial revolution. Knowledge has thereby been transformed to a product from
experience. The shift towards levels of specialization at turn of twentieth century had not
been supported by everyone. The rise of high levels of specialization has been able to
create a co-dependent relationship between the society and the student as well. The
advent of technological revolution that had taken place in the last few decades has many
different negative consequences of the specialized education that have started becoming
more apparent in nature (Grossman & Helpman, 2015).
Technology adaptation for empowerment of people – The technology that is
developed in the modern world is not based on the ways by which humans are forced to
adapt to them. The developers are using the concept of artificial intelligence or AI in
order to build the tools which are able to interact with the people. The technology trends
have been identified in an effective manner by the modern and large organizations.
Another major technology that has started gaining high levels of importance in the
modern environment is the usage of the strategic ecosystem based partners in order to
achieve the objectives (YouTube.com. 2019). The organizations are able to access new
customers with the help of a proper look that is gained on the growing base of the
customers and the excellent experience that is provided to them. The demand labour
platform is also an important trend that is able to affect the operations of different
organizations. The individuals are benefitted by the niche skills and the levels of
industrial revolution is quite high on the education process that was earlier dominated by
the religion related aspects or factors (YouTube.com. 2019). The demand for specialized
education had been previously quite high and the changes that have taken place in the
structure of different colleges and universities in different countries of the world is based
on the industrial revolution. Knowledge has thereby been transformed to a product from
experience. The shift towards levels of specialization at turn of twentieth century had not
been supported by everyone. The rise of high levels of specialization has been able to
create a co-dependent relationship between the society and the student as well. The
advent of technological revolution that had taken place in the last few decades has many
different negative consequences of the specialized education that have started becoming
more apparent in nature (Grossman & Helpman, 2015).
Technology adaptation for empowerment of people – The technology that is
developed in the modern world is not based on the ways by which humans are forced to
adapt to them. The developers are using the concept of artificial intelligence or AI in
order to build the tools which are able to interact with the people. The technology trends
have been identified in an effective manner by the modern and large organizations.
Another major technology that has started gaining high levels of importance in the
modern environment is the usage of the strategic ecosystem based partners in order to
achieve the objectives (YouTube.com. 2019). The organizations are able to access new
customers with the help of a proper look that is gained on the growing base of the
customers and the excellent experience that is provided to them. The demand labour
platform is also an important trend that is able to affect the operations of different
organizations. The individuals are benefitted by the niche skills and the levels of
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10GLOBALISATION OF KNOWLEDGE
flexibility that have been gained. The proper designing of technologies is considered to
be the fourth trend that is developed by keeping the humans in mind (YouTube.com.
2019). The lives of disabled people are affected by this technology and access can be
gained to the health and fitness based data. The industries are being governed by the new
technologies and standards and this is able to affect the lives of the employees as well.
Different technologies like, artificial intelligence and IoT are able to change the ways by
which different business organizations are able to operate. The start-ups and the banks
have also starting adopting the new technologies in order to improve the operations.
Innovation is also able to help the company to identify different problems that are being
faced by the organization in process of maintaining the future growth. The robotic
innovation has been found to be effective and is able to empower people in different
industries. The challenges that are being faced by the organizations are solved with the
help of empowerment provided to the individuals (Turner & Holton, 2015).
The discussion of the above mentioned issues has been able to depict that the industrial
revolution has been able to increase the importance of the usage of knowledge by different
organizations. The proper management of knowledge is an important factor that is able to
improve or enhance the operations and processes of the organizations. The connection and levels
of communication is affected and the leaders need to play a major role in making proper
decisions in order to manage the knowledge. The governments of different countries are able to
play the most significant role in managing the huge levels of knowledge.
flexibility that have been gained. The proper designing of technologies is considered to
be the fourth trend that is developed by keeping the humans in mind (YouTube.com.
2019). The lives of disabled people are affected by this technology and access can be
gained to the health and fitness based data. The industries are being governed by the new
technologies and standards and this is able to affect the lives of the employees as well.
Different technologies like, artificial intelligence and IoT are able to change the ways by
which different business organizations are able to operate. The start-ups and the banks
have also starting adopting the new technologies in order to improve the operations.
Innovation is also able to help the company to identify different problems that are being
faced by the organization in process of maintaining the future growth. The robotic
innovation has been found to be effective and is able to empower people in different
industries. The challenges that are being faced by the organizations are solved with the
help of empowerment provided to the individuals (Turner & Holton, 2015).
The discussion of the above mentioned issues has been able to depict that the industrial
revolution has been able to increase the importance of the usage of knowledge by different
organizations. The proper management of knowledge is an important factor that is able to
improve or enhance the operations and processes of the organizations. The connection and levels
of communication is affected and the leaders need to play a major role in making proper
decisions in order to manage the knowledge. The governments of different countries are able to
play the most significant role in managing the huge levels of knowledge.
11GLOBALISATION OF KNOWLEDGE
Recommendations and Critical Implications
The issues mentioned in the above sections of the paper are important from the
perspective of the business enterprises of the contemporary business world. Thus, it becomes
important for the business enterprises to take the help of different kinds of measures for
addressing the above-mentioned issues related to the globalization of knowledge. Some of the
most important ones in this regard are outlined below-
Preparing the individuals to face the Fourth Industrial Revolution: An important
challenge or issue that the individuals face for the acquisition of the knowledge which in
turn would help them to effective take the help of the Fourth Industrial Revolution can be
said to be fact that the field of the Fourth Industrial Revolution is growing at an
unprecedented rate (Esposito & Evangelista, 2016). However, at the same time it had
been seen that the education which is being offered to the individuals or for that matter
the students primarily focus on the theoretical underpinnings of the concept of
management or the other subjects (Laursen & Santangelo, 2017). In the light of this
aspect, it needs to be said that the educational institutions need to substantially redesign
the different courses that they are teaching to the students. In this regard, it needs to be
said that one of the most important points that the video “The Globalization of
Knowledge” is the fact that the individuals along with the knowledge of the core subject
or the domain in which they specialize need to have a working knowledge of the other
domains or subjects as well. This in is likely to help the individuals to adequately take the
help of the revolution Fourth Industrial Revolution.
Usage of ethics in knowledge transfer: The business enterprises in order to get the
maximum amount of benefits or advantages through the usage of different kinds of recent
Recommendations and Critical Implications
The issues mentioned in the above sections of the paper are important from the
perspective of the business enterprises of the contemporary business world. Thus, it becomes
important for the business enterprises to take the help of different kinds of measures for
addressing the above-mentioned issues related to the globalization of knowledge. Some of the
most important ones in this regard are outlined below-
Preparing the individuals to face the Fourth Industrial Revolution: An important
challenge or issue that the individuals face for the acquisition of the knowledge which in
turn would help them to effective take the help of the Fourth Industrial Revolution can be
said to be fact that the field of the Fourth Industrial Revolution is growing at an
unprecedented rate (Esposito & Evangelista, 2016). However, at the same time it had
been seen that the education which is being offered to the individuals or for that matter
the students primarily focus on the theoretical underpinnings of the concept of
management or the other subjects (Laursen & Santangelo, 2017). In the light of this
aspect, it needs to be said that the educational institutions need to substantially redesign
the different courses that they are teaching to the students. In this regard, it needs to be
said that one of the most important points that the video “The Globalization of
Knowledge” is the fact that the individuals along with the knowledge of the core subject
or the domain in which they specialize need to have a working knowledge of the other
domains or subjects as well. This in is likely to help the individuals to adequately take the
help of the revolution Fourth Industrial Revolution.
Usage of ethics in knowledge transfer: The business enterprises in order to get the
maximum amount of benefits or advantages through the usage of different kinds of recent
12GLOBALISATION OF KNOWLEDGE
technologies often disregard the entity of ethics (Massaro et al., 2016). The resultant
effect of this is that the process of knowledge transfer rather than the business enterprises
often take the help of the kind of actions or knowledge transfer measures which are not
only unethical in nature but at the same time detrimental from the perspective of the long-
term growth of the enterprises (Cantwell, 2017). Thus, the business enterprises need to
take the help of the concept of ethics for the effectively utilizing the knowledge that are
required for the effective conduct of their business operations. More importantly, it is
seen that the business enterprises through the ethics for the effective transfer of
knowledge would help the business enterprises to take into account the concept of
business ethics and thereby fulfill their responsibility towards the society, environment
and the economy of the nations of their operation in the best possible manner (Cerchione,
Esposito & Spadaro, 2016).
Prioritization of knowledge transfer: A major issue that the business enterprises or for
that matter the individuals are often not sure regarding the kind of the type of knowledge
that they need to give priority to (Mukherjee et al., 2017). This in turn can adversely
affect the prospects of the enterprises because of the delay which cause to the completion
of the different projects or for matter adversely affect the quality of the projects as well
(Miles, Belousova & Chichkanov, 2018). Thus, the business enterprises need to take the
help of different kinds of measures which in turn would help them to effectively prioritize
the different kinds or types that they possess. This in turn is likely to help the enterprises
to not only timely complete the different projects that they have but at the ensure time
ensure that they are completed as per the standard or the quality (Siddharthan &
Narayanan, 2018). Furthermore, the business enterprises for the effective usage of the
technologies often disregard the entity of ethics (Massaro et al., 2016). The resultant
effect of this is that the process of knowledge transfer rather than the business enterprises
often take the help of the kind of actions or knowledge transfer measures which are not
only unethical in nature but at the same time detrimental from the perspective of the long-
term growth of the enterprises (Cantwell, 2017). Thus, the business enterprises need to
take the help of the concept of ethics for the effectively utilizing the knowledge that are
required for the effective conduct of their business operations. More importantly, it is
seen that the business enterprises through the ethics for the effective transfer of
knowledge would help the business enterprises to take into account the concept of
business ethics and thereby fulfill their responsibility towards the society, environment
and the economy of the nations of their operation in the best possible manner (Cerchione,
Esposito & Spadaro, 2016).
Prioritization of knowledge transfer: A major issue that the business enterprises or for
that matter the individuals are often not sure regarding the kind of the type of knowledge
that they need to give priority to (Mukherjee et al., 2017). This in turn can adversely
affect the prospects of the enterprises because of the delay which cause to the completion
of the different projects or for matter adversely affect the quality of the projects as well
(Miles, Belousova & Chichkanov, 2018). Thus, the business enterprises need to take the
help of different kinds of measures which in turn would help them to effectively prioritize
the different kinds or types that they possess. This in turn is likely to help the enterprises
to not only timely complete the different projects that they have but at the ensure time
ensure that they are completed as per the standard or the quality (Siddharthan &
Narayanan, 2018). Furthermore, the business enterprises for the effective usage of the
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13GLOBALISATION OF KNOWLEDGE
process of prioritization of knowledge have the option to take the help of the strategy of
innovative value chain. The effective usage of this strategy however requires the business
enterprises to follow its three important stages, namely, idea generation, idea selection
and finally idea diffusion (Martin et al., 2018). For example, the business enterprises
firstly need to identify the different types of knowledge that they have for the completion
of the projects and then prioritize them as per the needs of the projects or for that matter
the benefits that they are likely to offer to them (Galati & Bigliardi, 2017). Lastly, the
enterprises need to effectively utilize as well as implement the knowledge for the
completion of the projects (Castellano, Davidson & Khelladi, 2017).
Usage of knowledge intensive activities: Millar, Lockett and Mahon (2016) are of the
viewpoint that one of the major issues that the business enterprises face related to the
effective management of the knowledge within their enterprise can be said to be the fact
that they do not promote knowledge intensive activities. As discussed by Imrie (2016),
this can be explained on the basis of the fact that the different kinds of knowledge
intensive activities which the business enterprises use fosters a continuous learning
culture or environment wherein the employees would not only be able to gather new
forms of knowledge but at the same time would be able to effectively utilize the existing
knowledge that they have within the framework of their enterprise. In the light of these
aspects, it can be said that the business enterprises need to take the help of different kinds
of knowledge intensive activities which in turn would promote the effective utilization of
the knowledge of the enterprises.
Pushing knowledge in local language: A major issue that the business enterprises
operational in the developing nations of the world commonly face is the fact that the
process of prioritization of knowledge have the option to take the help of the strategy of
innovative value chain. The effective usage of this strategy however requires the business
enterprises to follow its three important stages, namely, idea generation, idea selection
and finally idea diffusion (Martin et al., 2018). For example, the business enterprises
firstly need to identify the different types of knowledge that they have for the completion
of the projects and then prioritize them as per the needs of the projects or for that matter
the benefits that they are likely to offer to them (Galati & Bigliardi, 2017). Lastly, the
enterprises need to effectively utilize as well as implement the knowledge for the
completion of the projects (Castellano, Davidson & Khelladi, 2017).
Usage of knowledge intensive activities: Millar, Lockett and Mahon (2016) are of the
viewpoint that one of the major issues that the business enterprises face related to the
effective management of the knowledge within their enterprise can be said to be the fact
that they do not promote knowledge intensive activities. As discussed by Imrie (2016),
this can be explained on the basis of the fact that the different kinds of knowledge
intensive activities which the business enterprises use fosters a continuous learning
culture or environment wherein the employees would not only be able to gather new
forms of knowledge but at the same time would be able to effectively utilize the existing
knowledge that they have within the framework of their enterprise. In the light of these
aspects, it can be said that the business enterprises need to take the help of different kinds
of knowledge intensive activities which in turn would promote the effective utilization of
the knowledge of the enterprises.
Pushing knowledge in local language: A major issue that the business enterprises
operational in the developing nations of the world commonly face is the fact that the
14GLOBALISATION OF KNOWLEDGE
different kinds of knowledge or innovative ideas are being formulated in English or other
popular languages (Shrestha, 2017). However, within the framework of the different
emerging or the developing nations it is seen that English is not a very popular language
and there are very few who are being able to effectively interpret the same (Demirbag et
al., 2016). In the light of these aspects, it can be said that it becomes imperative for the
different authorities as well as the scholars need to publish or cascade information
regarding the knowledge not only in English but in the various local languages as well.
This in turn would help the business enterprises to not only understand the different types
or knowledge in an effective manner but at the same time use them for the adequate
completion of their projects and thereby attain a higher level of success as well (Lee et
al., 2018).
Usage of interdisciplinary approach towards technology: Balland, Belso-Martínez and
Morrison (2016) are of the viewpoint that a major mistake that the majority of the
business enterprises make towards the management as well as the transfer of knowledge
within the framework of their enterprise is the fact that they merely focus on the core
domains of knowledge. For example, it had been seen the business enterprises try to
inculcate among their employees only regarding the subject or the genre of expertise in
which the employees are required to conduct their work (Omotayo, 2015). However, the
diversity of the work or the projects that the business enterprises are required to perform
within the framework of the contemporary business world had made it imperative for the
employees to have a working knowledge regarding all the major branches of knowledge
which are directly or indirectly related to the work that they perform (Ferreira et al.,
2016). Thus, the enterprises need to offer different kinds of workshops, training programs
different kinds of knowledge or innovative ideas are being formulated in English or other
popular languages (Shrestha, 2017). However, within the framework of the different
emerging or the developing nations it is seen that English is not a very popular language
and there are very few who are being able to effectively interpret the same (Demirbag et
al., 2016). In the light of these aspects, it can be said that it becomes imperative for the
different authorities as well as the scholars need to publish or cascade information
regarding the knowledge not only in English but in the various local languages as well.
This in turn would help the business enterprises to not only understand the different types
or knowledge in an effective manner but at the same time use them for the adequate
completion of their projects and thereby attain a higher level of success as well (Lee et
al., 2018).
Usage of interdisciplinary approach towards technology: Balland, Belso-Martínez and
Morrison (2016) are of the viewpoint that a major mistake that the majority of the
business enterprises make towards the management as well as the transfer of knowledge
within the framework of their enterprise is the fact that they merely focus on the core
domains of knowledge. For example, it had been seen the business enterprises try to
inculcate among their employees only regarding the subject or the genre of expertise in
which the employees are required to conduct their work (Omotayo, 2015). However, the
diversity of the work or the projects that the business enterprises are required to perform
within the framework of the contemporary business world had made it imperative for the
employees to have a working knowledge regarding all the major branches of knowledge
which are directly or indirectly related to the work that they perform (Ferreira et al.,
2016). Thus, the enterprises need to offer different kinds of workshops, training programs
15GLOBALISATION OF KNOWLEDGE
and others to their employees so as to effectively develop their knowledge or expertise
level regarding the different branches of knowledge. This in turn is likely to substantially
improve the quality of the work that the employees related to the enterprises perform and
thereby help the business enterprises to achieve or attain the business goals that they have
outlined for themselves (Lupton & Beamish, 2016).
Technology adaptation for the empowerment of the people: As discussed by
Aljuwaiber (2016), the primary objective of the business enterprises behind the usage of
the different kinds of innovative technologies or for that forms of knowledge should be to
empower their employees and also their stakeholders. The business enterprises generally
try to attain this goal of theirs not only by way of offering innovative nature of products
or services to the customers but also by trying to offering them the maximum amount of
benefit on the score of their business activities or operations (Freel, 2016). In the light of
these aspects, it can be said that the business enterprises need to ensure the fact that the
within the framework of their enterprise they need to merge the recent technologies with
common good. For example, the business enterprises are required to ensure the fact that
through their business operations or activities that they are not only being able to
empower the people in the best possible manner but at the same time promote the
effective utilization of the different forms of knowledge that they have at their disposal as
well (North & Kumta, 2018).
Importance of the recommendations from the perspective of UAE
The above mentioned recommendations although generic or universal in nature are likely
to help the business enterprises of the nation of UAE and also the different authorities of the
concerned nation to promote the effective usage as well as the management of the same. This is
and others to their employees so as to effectively develop their knowledge or expertise
level regarding the different branches of knowledge. This in turn is likely to substantially
improve the quality of the work that the employees related to the enterprises perform and
thereby help the business enterprises to achieve or attain the business goals that they have
outlined for themselves (Lupton & Beamish, 2016).
Technology adaptation for the empowerment of the people: As discussed by
Aljuwaiber (2016), the primary objective of the business enterprises behind the usage of
the different kinds of innovative technologies or for that forms of knowledge should be to
empower their employees and also their stakeholders. The business enterprises generally
try to attain this goal of theirs not only by way of offering innovative nature of products
or services to the customers but also by trying to offering them the maximum amount of
benefit on the score of their business activities or operations (Freel, 2016). In the light of
these aspects, it can be said that the business enterprises need to ensure the fact that the
within the framework of their enterprise they need to merge the recent technologies with
common good. For example, the business enterprises are required to ensure the fact that
through their business operations or activities that they are not only being able to
empower the people in the best possible manner but at the same time promote the
effective utilization of the different forms of knowledge that they have at their disposal as
well (North & Kumta, 2018).
Importance of the recommendations from the perspective of UAE
The above mentioned recommendations although generic or universal in nature are likely
to help the business enterprises of the nation of UAE and also the different authorities of the
concerned nation to promote the effective usage as well as the management of the same. This is
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16GLOBALISATION OF KNOWLEDGE
important since it will not only foster the growth of the different business enterprises operational
in the nation of UAE but at the same time would enable them to attain the kind of growth or
development which would be on par with the ones attained by the business enterprises in the first
world nations. The benefits that the usage of the above mentioned recommendations are going to
offer to the business enterprises or for that matter to the nation of UAE itself are outlined below-
Preparing the individuals to face the Fourth Industrial Revolution: The effective
usage of this particular recommendation becomes especially important from the
perspective of the nation of UAE and its present business environment. For example, it
had been seen that the nation of UAE even in the present times had not been able to attain
the kind of growth or development which is on par with the ones attained by the first
world nations of the world (Tamásy, 2017). This can be explained on the basis of the fact
that the educational opportunities which are available to the people in the nation under
discussion here are very limited in nature or scope (Esposito & Evangelista, 2016). As a
matter of fact, it had been observed that the educational institutions of the nation of UAE
focus on the imparting of knowledge regarding the theoretical knowledge of the subjects
or the branches of knowledge which are being taught to the students (Cerchione, Esposito
& Spadaro, 2016). However, no effort is being undertaken by the educational institutions
to help the students or for that matter the individuals, knowledge regarding the different
emerging or the recent trends of the technological as well as the business world that are
likely to help them to understand the Fourth Industrial Revolution or for that matter
effectively utilize the same (Miles, Belousova & Chichkanov, 2018). Thus, it can be said
that the effective utilization of this recommendation is likely to help the educational
institutions and also the business enterprises to not only impart adequate information
important since it will not only foster the growth of the different business enterprises operational
in the nation of UAE but at the same time would enable them to attain the kind of growth or
development which would be on par with the ones attained by the business enterprises in the first
world nations. The benefits that the usage of the above mentioned recommendations are going to
offer to the business enterprises or for that matter to the nation of UAE itself are outlined below-
Preparing the individuals to face the Fourth Industrial Revolution: The effective
usage of this particular recommendation becomes especially important from the
perspective of the nation of UAE and its present business environment. For example, it
had been seen that the nation of UAE even in the present times had not been able to attain
the kind of growth or development which is on par with the ones attained by the first
world nations of the world (Tamásy, 2017). This can be explained on the basis of the fact
that the educational opportunities which are available to the people in the nation under
discussion here are very limited in nature or scope (Esposito & Evangelista, 2016). As a
matter of fact, it had been observed that the educational institutions of the nation of UAE
focus on the imparting of knowledge regarding the theoretical knowledge of the subjects
or the branches of knowledge which are being taught to the students (Cerchione, Esposito
& Spadaro, 2016). However, no effort is being undertaken by the educational institutions
to help the students or for that matter the individuals, knowledge regarding the different
emerging or the recent trends of the technological as well as the business world that are
likely to help them to understand the Fourth Industrial Revolution or for that matter
effectively utilize the same (Miles, Belousova & Chichkanov, 2018). Thus, it can be said
that the effective utilization of this recommendation is likely to help the educational
institutions and also the business enterprises to not only impart adequate information
17GLOBALISATION OF KNOWLEDGE
regarding the branches of knowledge that the individuals need to have so as to effectively
contribute towards the Fourth Industrial Revolution. This in turn is not only likely to
herald the Fourth Industrial Revolution in the nation under discussion here but also to
contribute in an effective manner towards the economic and other kinds of growths of the
concerned nation (Laursen & Santangelo, 2017).
Usage of ethics in knowledge transfer: Massaro et al. (2016) are of the viewpoint that
the effective usage of the concept of business ethics not only enables the business
enterprises to attain long-term growth but at the same time contribute in an effective
manner towards the societal, economic and the environmental growth of the nations of
their operations. This becomes especially important from the perspective of the different
business enterprises of the nation of UAE and also the manner in which knowledge is
being used by them in the concerned nation (Mukherjee et al., 2017). For example,
because of the developing nature of the national economy of the nation under discussion
here it is seen that the different business enterprises of the concerned nation not only
disregard the concept of ethics but at the same time use the different forms of knowledge
in an unethical manner (Millar, Lockett & Mahon, 2016). This in turn had increased the
level of corruption, unethical business practices and the misappropriation of the different
forms of knowledge within the nation under discussion here (Balland, Belso-Martínez &
Morrison, 2016). Thus, it is likely that the effective usage of this particular
recommendation is likely to help the different business enterprises as well as the
authorities of the nation under discussion here to undertake the ethical transfer of
knowledge and thereby help the concerned nation to attain the desired level of growth
and that too in an ethical manner.
regarding the branches of knowledge that the individuals need to have so as to effectively
contribute towards the Fourth Industrial Revolution. This in turn is not only likely to
herald the Fourth Industrial Revolution in the nation under discussion here but also to
contribute in an effective manner towards the economic and other kinds of growths of the
concerned nation (Laursen & Santangelo, 2017).
Usage of ethics in knowledge transfer: Massaro et al. (2016) are of the viewpoint that
the effective usage of the concept of business ethics not only enables the business
enterprises to attain long-term growth but at the same time contribute in an effective
manner towards the societal, economic and the environmental growth of the nations of
their operations. This becomes especially important from the perspective of the different
business enterprises of the nation of UAE and also the manner in which knowledge is
being used by them in the concerned nation (Mukherjee et al., 2017). For example,
because of the developing nature of the national economy of the nation under discussion
here it is seen that the different business enterprises of the concerned nation not only
disregard the concept of ethics but at the same time use the different forms of knowledge
in an unethical manner (Millar, Lockett & Mahon, 2016). This in turn had increased the
level of corruption, unethical business practices and the misappropriation of the different
forms of knowledge within the nation under discussion here (Balland, Belso-Martínez &
Morrison, 2016). Thus, it is likely that the effective usage of this particular
recommendation is likely to help the different business enterprises as well as the
authorities of the nation under discussion here to undertake the ethical transfer of
knowledge and thereby help the concerned nation to attain the desired level of growth
and that too in an ethical manner.
18GLOBALISATION OF KNOWLEDGE
Prioritization of knowledge transfer: The process of prioritization of knowledge is
likely to help the different business enterprises of the nation of UAE to effective select
the right kind of knowledge among the plethora of knowledge options that they have.
This in turn is not only likely to help the business enterprises of the concerned nation to
complete their different business projects in the best possible manner and thereby offer
high services to the customers (Lupton & Beamish, 2016). However, the major problem
arises because of the fact that on the score of the developing nature of the national
economy of UAE or for that matter of the different business enterprises which are based
in the concerned nation it had been seen that the business enterprises find it very hard to
prioritize the different kinds of knowledge that they have at their disposal (Castellano,
Davidson & Khelladi, 2017). This in turn had led to the ineffective development of the
different business enterprises which are operational in the nation under discussion here
and also stunted the economic growth of the nation as well (Ferreira et al., 2016). Thus,
in the light of these aspects, it can be said that the effective usage of this recommendation
is not only likely to help likely to help the business enterprises based in the nation of
UAE but at the same time promote its economic growth as well.
Usage of knowledge intensive activities: The effective usage of the different knowledge
intensive activities helps the business enterprises to promote a continuous learning
environment or culture within their workplace (Lee et al., 2018). This in turn encourages
the employees to resort to the usage of the different forms of knowledge that are available
to them for the effective completion of the tasks or the job roles which are assigned to
them (Siddharthan & Narayanan, 2018). More importantly, it had been seen that the
revenue or the profitability earned by the business enterprises is greatly dependent on the
Prioritization of knowledge transfer: The process of prioritization of knowledge is
likely to help the different business enterprises of the nation of UAE to effective select
the right kind of knowledge among the plethora of knowledge options that they have.
This in turn is not only likely to help the business enterprises of the concerned nation to
complete their different business projects in the best possible manner and thereby offer
high services to the customers (Lupton & Beamish, 2016). However, the major problem
arises because of the fact that on the score of the developing nature of the national
economy of UAE or for that matter of the different business enterprises which are based
in the concerned nation it had been seen that the business enterprises find it very hard to
prioritize the different kinds of knowledge that they have at their disposal (Castellano,
Davidson & Khelladi, 2017). This in turn had led to the ineffective development of the
different business enterprises which are operational in the nation under discussion here
and also stunted the economic growth of the nation as well (Ferreira et al., 2016). Thus,
in the light of these aspects, it can be said that the effective usage of this recommendation
is not only likely to help likely to help the business enterprises based in the nation of
UAE but at the same time promote its economic growth as well.
Usage of knowledge intensive activities: The effective usage of the different knowledge
intensive activities helps the business enterprises to promote a continuous learning
environment or culture within their workplace (Lee et al., 2018). This in turn encourages
the employees to resort to the usage of the different forms of knowledge that are available
to them for the effective completion of the tasks or the job roles which are assigned to
them (Siddharthan & Narayanan, 2018). More importantly, it had been seen that the
revenue or the profitability earned by the business enterprises is greatly dependent on the
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19GLOBALISATION OF KNOWLEDGE
quality or the effectiveness with which the employees related to them perform their job
roles (Martin et al., 2018). Thus, it can be said that the different business enterprises of
the nation of UAE are likely to gain in a substantial manner through the effective usage
of this recommendation. For example, this is not only likely to help the business
enterprises to improve the quality of the services or products which are being offered by
them to the customers but also give them the chance to enhance their profitability and
thereby contribute towards the economic growth of the concerned nation (Galati &
Bigliardi, 2017).
Pushing knowledge in local language: English is not a popular language in the nation of
UAE and it is seen that there are very few in the concerned nation who are being able to
effectively conserve or interact in the language under discussion here. Thus, it can be said
that the effective usage of this recommendation is likely to help the business enterprises
of the concerned nation to effective utilize the new forms of knowledge and also integrate
them within the domain of their business activities. This in turn is likely to offer the
opportunity to the business enterprises to substantially improve the quality or the nature
of the different business processes that they are using and thereby attain a higher level of
growth as well which is likely to positively affect the national economy of the nation
under discussion here (Cantwell, 2017). In the light of these aspects, it can be said that
the adequate usage of this recommendation becomes an important one from the
perspective of the nation of UAE.
Usage of interdisciplinary approach towards technology: The effective usage of this
approach in the nation of UAE is likely to help the different business enterprises based in
the concerned nation to substantially improve the manner in which they conduct business.
quality or the effectiveness with which the employees related to them perform their job
roles (Martin et al., 2018). Thus, it can be said that the different business enterprises of
the nation of UAE are likely to gain in a substantial manner through the effective usage
of this recommendation. For example, this is not only likely to help the business
enterprises to improve the quality of the services or products which are being offered by
them to the customers but also give them the chance to enhance their profitability and
thereby contribute towards the economic growth of the concerned nation (Galati &
Bigliardi, 2017).
Pushing knowledge in local language: English is not a popular language in the nation of
UAE and it is seen that there are very few in the concerned nation who are being able to
effectively conserve or interact in the language under discussion here. Thus, it can be said
that the effective usage of this recommendation is likely to help the business enterprises
of the concerned nation to effective utilize the new forms of knowledge and also integrate
them within the domain of their business activities. This in turn is likely to offer the
opportunity to the business enterprises to substantially improve the quality or the nature
of the different business processes that they are using and thereby attain a higher level of
growth as well which is likely to positively affect the national economy of the nation
under discussion here (Cantwell, 2017). In the light of these aspects, it can be said that
the adequate usage of this recommendation becomes an important one from the
perspective of the nation of UAE.
Usage of interdisciplinary approach towards technology: The effective usage of this
approach in the nation of UAE is likely to help the different business enterprises based in
the concerned nation to substantially improve the manner in which they conduct business.
20GLOBALISATION OF KNOWLEDGE
For example, the usage of the interdisciplinary approach towards technology is likely to
help the business enterprises of UAE to not only improve the quality or the nature of the
services or commodities that they offer to the customers but at the same time would help
them to improve the business models that they use (Millar, Lockett & Mahon, 2016).
Furthermore, it would also enable the business enterprises to effective use the different
forms of knowledge that are accessible to them and also recent technologies for the
conduct of their business operations (Martin et al., 2018). More importantly, this is likely
to enhance the gratification level of the customers and thereby helped the business
enterprises to earn the loyalty of the customers as well (Laursen & Santangelo, 2017).
This in turn is not only likely to help the enterprises to enhance the amount of financial
returns earned by them but also to contribute towards the economic growth of the nation
of UAE in an effective manner.
Technology adaptation for the empowerment of the people: The adequate usage of
this particular recommendation is likely to enable the different business enterprises of the
nation of UAE to not only empower their employees but also the stakeholders who are
related to them as well. For example, the usage of the process of technology adaptation is
likely to help the business enterprises to integrate the different forms of recent
technologies so as to offer better quality of services to their services (Demirbag et al.,
2016). More importantly, this would also help the business enterprises to take into
account the needs or the requirements of their employees and also the different
stakeholders who are related to them (Lupton & Beamish, 2016). This in turn would help
the business enterprises to substantially empower the different people who are related to
them and also to improve their brand image as well (North & Kumta, 2018). On the score
For example, the usage of the interdisciplinary approach towards technology is likely to
help the business enterprises of UAE to not only improve the quality or the nature of the
services or commodities that they offer to the customers but at the same time would help
them to improve the business models that they use (Millar, Lockett & Mahon, 2016).
Furthermore, it would also enable the business enterprises to effective use the different
forms of knowledge that are accessible to them and also recent technologies for the
conduct of their business operations (Martin et al., 2018). More importantly, this is likely
to enhance the gratification level of the customers and thereby helped the business
enterprises to earn the loyalty of the customers as well (Laursen & Santangelo, 2017).
This in turn is not only likely to help the enterprises to enhance the amount of financial
returns earned by them but also to contribute towards the economic growth of the nation
of UAE in an effective manner.
Technology adaptation for the empowerment of the people: The adequate usage of
this particular recommendation is likely to enable the different business enterprises of the
nation of UAE to not only empower their employees but also the stakeholders who are
related to them as well. For example, the usage of the process of technology adaptation is
likely to help the business enterprises to integrate the different forms of recent
technologies so as to offer better quality of services to their services (Demirbag et al.,
2016). More importantly, this would also help the business enterprises to take into
account the needs or the requirements of their employees and also the different
stakeholders who are related to them (Lupton & Beamish, 2016). This in turn would help
the business enterprises to substantially empower the different people who are related to
them and also to improve their brand image as well (North & Kumta, 2018). On the score
21GLOBALISATION OF KNOWLEDGE
of these aspects, it can be said that this recommendation would be an important one from
the perspective of the different business enterprises of the nation UAE because of the
benefits that it would offer to them.
Conclusion
To conclude, the process of globalization had ushered a new era in the world of business
and it is considered to be one of the most important factors which had directly paved the way for
the Fourth Industrial Revolution. In this regard, it needs to be said that the construct by allowing
the expansion of trade and commerce among the different nations of the world had
singlehandedly transformed the entire world into a global village. The resultant effect of this is
that the business enterprises from the diverse parts of the world are being able to conduct their
business operations in other host nations regardless of the nation to which they originally belong.
An important aspect of the process of globalization is the fact that it had greatly facilitated the
effective transfer of knowledge between the different industries and also business enterprises
which in turn had greatly improved their business prospects.
The business enterprises however for the effective usage as well as the transfer of
different forms of knowledge are required to take into account various factors. For example, they
are required to help the individuals to acquire the kind of skills which will help them to adjust to
the Fourth Industrial Revolution, prioritize the different types of knowledge that they have for
the effective completion of different job roles, push the transfer of knowledge in local language
so that everyone would be able to use them and others. In addition to these, the business
enterprises rather than using the different forms of knowledge or technologies merely for the
attainment of a higher amount of profitability are required to use for the empowerment of the
of these aspects, it can be said that this recommendation would be an important one from
the perspective of the different business enterprises of the nation UAE because of the
benefits that it would offer to them.
Conclusion
To conclude, the process of globalization had ushered a new era in the world of business
and it is considered to be one of the most important factors which had directly paved the way for
the Fourth Industrial Revolution. In this regard, it needs to be said that the construct by allowing
the expansion of trade and commerce among the different nations of the world had
singlehandedly transformed the entire world into a global village. The resultant effect of this is
that the business enterprises from the diverse parts of the world are being able to conduct their
business operations in other host nations regardless of the nation to which they originally belong.
An important aspect of the process of globalization is the fact that it had greatly facilitated the
effective transfer of knowledge between the different industries and also business enterprises
which in turn had greatly improved their business prospects.
The business enterprises however for the effective usage as well as the transfer of
different forms of knowledge are required to take into account various factors. For example, they
are required to help the individuals to acquire the kind of skills which will help them to adjust to
the Fourth Industrial Revolution, prioritize the different types of knowledge that they have for
the effective completion of different job roles, push the transfer of knowledge in local language
so that everyone would be able to use them and others. In addition to these, the business
enterprises rather than using the different forms of knowledge or technologies merely for the
attainment of a higher amount of profitability are required to use for the empowerment of the
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22GLOBALISATION OF KNOWLEDGE
employees and the stakeholders who are associated with. These aspects of the processes of
globalization and knowledge become apparent from the above discussion of the same in the
particular context of the video “The Globalization of Knowledge”.
References
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globalization and knowledge become apparent from the above discussion of the same in the
particular context of the video “The Globalization of Knowledge”.
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Development Quarterly, 30(1), 3-14.
Balland, P. A., Belso-Martínez, J. A., & Morrison, A. (2016). The dynamics of technical and
business knowledge networks in industrial clusters: Embeddedness, status, or
proximity?. Economic Geography, 92(1), 35-60.
Cantwell, J. (2017). Innovation and international business. Industry and Innovation, 24(1), 41-
60.
Castellano, S., Davidson, P., & Khelladi, I. (2017). Creativity techniques to enhance knowledge
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23GLOBALISATION OF KNOWLEDGE
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management in SMEs. Knowledge Management Research & Practice, 14(2), 169-177.
Dayan, R., Heisig, P., & Matos, F. (2017). Knowledge management as a factor for the
formulation and implementation of organization strategy. Journal of Knowledge
Management, 21(2), 308-329.
Demirbag, M., McGuinness, M., Akin, A., Bayyurt, N., & Basti, E. (2016). The professional
service firm (PSF) in a globalised economy: A study of the efficiency of securities firms
in an emerging market. International Business Review, 25(5), 1089-1102.
Donate, M. J., & de Pablo, J. D. S. (2015). The role of knowledge-oriented leadership in
knowledge management practices and innovation. Journal of Business Research, 68(2),
360-370.
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establishment of different NPD networks? A knowledge perspective. Technology
Analysis & Strategic Management, 29(10), 1196-1209.
Grossman, G. M., & Helpman, E. (2015). Globalization and growth. American Economic
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24GLOBALISATION OF KNOWLEDGE
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introduction. Oxford University Press.
Imrie, R. (2016). The knowledge business in academic planning research. In Ethics and planning
research (pp. 81-100). Routledge.
Inkinen, H. (2016). Review of empirical research on knowledge management practices and firm
performance. Journal of knowledge management, 20(2), 230-257.
Karlsson, C., Cornett, A. P., & Wallin, T. (Eds.). (2018). Globalization, International Spillovers
and Sectoral Changes. Edward Elgar Publishing.
Laursen, K., & Santangelo, G. D. (2017). The role of “non-economic” endowments: introduction
to the special section on what we know and what we should know about international
knowledge sourcing. Industrial and Corporate Change, 26(2), 279-284.
Lee, S., Kim, B. S., Kim, Y., Kim, W., & Ahn, W. (2018). The framework for factors affecting
technology transfer for suppliers and buyers of technology in Korea. Technology Analysis
& Strategic Management, 30(2), 172-185.
Liñán, F., Paul, J., & Fayolle, A. (2019). SMEs and entrepreneurship in the era of globalization:
advances and theoretical approaches. Small Business Economics, 1-9.
Lupton, N. C., & Beamish, P. W. (2016). The mutual construction of knowledge transfer and
shared context in capability development within the networked MNC. Knowledge
Management Research & Practice, 14(1), 150-157.
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25GLOBALISATION OF KNOWLEDGE
Martin, R., Aslesen, H. W., Grillitsch, M., & Herstad, S. J. (2018). Regional innovation systems
and global flows of knowledge. In New avenues for regional innovation systems-
theoretical advances, empirical cases and policy lessons (pp. 127-147). Springer, Cham.
Massaro, M., Handley, K., Bagnoli, C., & Dumay, J. (2016). Knowledge management in small
and medium enterprises: a structured literature review. Journal of Knowledge
Management, 20(2), 258-291.
Miles, I. D., Belousova, V., & Chichkanov, N. (2018). Knowledge intensive business services:
ambiguities and continuities. foresight, 20(1), 1-26.
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management, 20(5), 845-857.
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embeddedness, and knowledge outcomes in offshoring. Journal of Business Research.
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learning. Springer.
Omotayo, F. O. (2015). Knowledge Management as an important tool in Organisational
Management: A Review of Literature. Library Philosophy and Practice, 1(2015), 1-23.
Rapoport, H. (2016). Migration and globalization: what’s in it for developing
countries?. International Journal of Manpower, 37(7), 1209-1226.
Martin, R., Aslesen, H. W., Grillitsch, M., & Herstad, S. J. (2018). Regional innovation systems
and global flows of knowledge. In New avenues for regional innovation systems-
theoretical advances, empirical cases and policy lessons (pp. 127-147). Springer, Cham.
Massaro, M., Handley, K., Bagnoli, C., & Dumay, J. (2016). Knowledge management in small
and medium enterprises: a structured literature review. Journal of Knowledge
Management, 20(2), 258-291.
Miles, I. D., Belousova, V., & Chichkanov, N. (2018). Knowledge intensive business services:
ambiguities and continuities. foresight, 20(1), 1-26.
Millar, C. C., Lockett, M., & Mahon, J. F. (2016). Guest editorial: Knowledge intensive
organisations: on the frontiers of knowledge management. Journal of knowledge
management, 20(5), 845-857.
Mukherjee, D., Lahiri, S., Ash, S. R., & Gaur, A. S. (2017). Search motives, local
embeddedness, and knowledge outcomes in offshoring. Journal of Business Research.
North, K., & Kumta, G. (2018). Knowledge management: Value creation through organizational
learning. Springer.
Omotayo, F. O. (2015). Knowledge Management as an important tool in Organisational
Management: A Review of Literature. Library Philosophy and Practice, 1(2015), 1-23.
Rapoport, H. (2016). Migration and globalization: what’s in it for developing
countries?. International Journal of Manpower, 37(7), 1209-1226.
26GLOBALISATION OF KNOWLEDGE
Shrestha, P. N. (2017). Investigating the learning transfer of genre features and conceptual
knowledge from an academic literacy course to business studies: Exploring the potential
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Siddharthan, N. S., & Narayanan, K. (Eds.). (2018). Globalisation of Technology. Springer.
Tamásy, C. (2017). Globalisation, skilled migration and the mobility of knowledge.
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Turner, B. S., & Holton, R. J. (2015). Theories of globalization: issues and origins. In The
Routledge international handbook of globalization studies (pp. 23-43). Routledge.
YouTube.com. (2019). The Globalization of Knowledge. Retrieved 27 July 2019, from
https://www.youtube.com/watch?v=QWIp3owlyhw
Shrestha, P. N. (2017). Investigating the learning transfer of genre features and conceptual
knowledge from an academic literacy course to business studies: Exploring the potential
of dynamic assessment. Journal of English for Academic Purposes, 25, 1-17.
Siddharthan, N. S., & Narayanan, K. (Eds.). (2018). Globalisation of Technology. Springer.
Tamásy, C. (2017). Globalisation, skilled migration and the mobility of knowledge.
In Globalising Worlds and New Economic Configurations (pp. 185-195). Routledge.
Turner, B. S., & Holton, R. J. (2015). Theories of globalization: issues and origins. In The
Routledge international handbook of globalization studies (pp. 23-43). Routledge.
YouTube.com. (2019). The Globalization of Knowledge. Retrieved 27 July 2019, from
https://www.youtube.com/watch?v=QWIp3owlyhw
1 out of 27
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