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The European challengeInnovation, policy learning and social cohesion in the new knowledge economy$
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Graham Room

Print publication date: 2005

Print ISBN-13: 9781861347398

Published to Policy Press Scholarship Online: March 2012

DOI: 10.1332/policypress/9781861347398.001.0001

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Enterprise and organisational change

Enterprise and organisational change

(p.49) Five Enterprise and organisational change
The European challenge

Graham Room

Policy Press

This chapter aims to examine the new knowledge-based economy. It also seeks to determine the major challenges that this economy presents for policy makers and to suggest tools which they might use for monitoring change and for steering social and economic transformation. It explains that the focus on the digital economy tends to divert attention from the organisational and managerial changes that appear to be central to the new economy if the full benefits for competitiveness are to be realised. It clarifies that ICT investments must be combined with new managerial and organisational techniques and a skilled labour force that gives rise to vital competitiveness improvements.

Keywords:   knowledge-based economy, policy makers, economic transformation, digital economy, ICT, labour force

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