Tag Archives: Knowledge Economy

Stephen Covey on Knowledge Workers

Knowledge Workers are increasing.  The more we understand how to manage them and be effective in the new economy, the better we will succeed.  Stephen Covey recently had a Q&A on his blog that is relevant for project managers and lean implementers. 

Check out Knowledge Workers: 10,000 Times the Productivity by Stephen R. Covey

Q: What actions can people take if they are not in a position of formal authority and their superiors seem to be stuck in the Industrial Age both in mind-set and practice?

A: Leadership is not formal authority, leadership is moral authority. If you are principle-centered, your opportunities for influence increase; and if you’re proactive and take initiative inside your own Circle of Influence, it will get larger. It will primarily get larger because of the pragmatics of the marketplace. You will simply produce more. If you have a subsidized or protected organization that doesn’t have to deal with theses market realities and this new, real, world-class competition, what I said may not happen. And you may find that the old structure and old ways will persist and there will be great resistance to a new style of leadership and to changing these deeply imbedded structures and systems. However, eventually they will have to change. Even organizations that are protected and subsidized are, in time, subject to market forces because they all have budgets and costs they have to get around.

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Filed under Improve With Lean, Learn Leadership, Personal Development, Project Management

Knowledge Economy

I was inspired last year when I read about the concept of the Knowledge Worker.  Here is a little bit of the concept from Wikipedia:

  • The first wave was the Agricultural Age with wealth defined as ownership of land.

  • In the second wave, the Industrial Age, wealth was based on ownership of Capital, i.e. factories.

  • In the Knowledge Age, wealth is based upon the ownership of knowledge and the ability to use that knowledge to create or improve goods and services.   In the Knowledge Age, 2% of the working population will work on the land, 10% will work in Industry and the rest will be Knowledge Workers.

I truly love to learn and enjoy sharing knowledge. 

I hope to use this blog as a demonstration of the Law Of Duplication from John Maxwell’s The 21 Irrefutable Laws of Leadership.  I plan to capture the knowledge I have learned and make it available for my readers for their development. 

Together we can all increase our knowledge!

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Filed under Encouragement, Improve With Lean, Learn Leadership, Personal Development, Project Management