Knowledge City
27-11-2017 (MONDAY REVIEW: JOURNAL OF JPM MARKETPLACE)
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Case Record: Literature Review: Observing all possible overt phenomenon from an intellectualist’s view
Phenomenon: Values creation, extraction and exchange
Scenario: Focusing on energy sectors and environmental impacts
Contributing source: Journal of Intellectual Capital
Aims:
1. Developing a “IC Sustainability Report”
2. Developing a dictionary for “intellectual assets/intangible assets” based on FRS 138 or GAAP protocols
3. Research a theme with phenomenon and scenario (review past literature and follow this format entry: Introductory to last review key points; summary of main ideas extracts from the article review; review of any possible theories/models found in the articles; drawn up a scenario and inform of any possible phenomenon. In order to convince readers, phenomenon is always good to tie o figures.
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Julian Goh
Email: [email protected]
Copyright ? 2017-2018
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Maturing period: on the 7th cumulated day
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Minimum purchase required: 1 share per forward contract
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This report is about Knowledge Cities
This week, I picked the topic on “knowledge city” for the weekly review. At the beginning, I thought the topic has drawn-out some side interests that it has directed attentions to explore a new dimension on knowledge management that how a city could be recognized as lettered. Let’s have some personal opinions first before I get into the article in more detail. Well, the impression that I have about having knowledge about something must be dealing with lots readings. Readings are tasks that cannot be replaced by other means to transfer the knowledge automatically, it involves certain degree of “labors.”
So, laboring gives people a perception that they need to work hard to gain results. Most people might reject this idea, simply because, living in the world of technology might also means something people could get their things done conveniently. However, the word conveniently cannot be exempted in pursuing of knowledge. You still need to read to get knowledge.
My opinion about reading is, that depends on the level you are leading to; for example, if you are preparing to become a doctoral student, surely, your peer (literally someone who are more qualified than you or has some experienced in your subject) will expect you to have certain degree of depth and width in your knowledge.
People could not read the talent you have in head, or maybe how good your thoughts are that might impress them, but through your capability in oral or written communications, people can tell the degree of your intelligence. So, be able to read and write you need to be trained, and also you need to acquire inputs on a great amount of information.
In order to show the people your capability, you need to read. Not only read, but be selective to read something that are quality in order to match your current status.
With this background in mind, I assume a knowledge city is also a region where you can find the citizens enjoy reading and actively involved in knowledge productions. This is a picture that I am expecting to see after finishing that article.
Below is my summary of the key points that extracted from the reviewed article:
1. A knowledge city is driven by high-added value exports created through various knowledge-intensive activities, they are including research, technology and brainpower.
2. From the perspective explained by the knowledge management guru Edvinsson, a knowledge city is a city or region that purposely created and designed to encourage knowledge creations activities.
3. The article’s author described, a knowledge city is characterized by a few features, they are including, value-added employment, entrepreneurial cultures, successful relationship between university-entrepreneur-inventor, innovation to generate sustainable economic growth, etc.
4. In my opinion, a knowledge city is not difficult to plan, it is purposely designed with many modern elements especially that must include those technology-driven corporations.
5. Most people might not find it too difficult to associate a knowledge city with technopreneurs or the young graduates usually they like to wear the “black t-shirts” and keep the “baldheads.” These are symbols of “technopreneurs.”
6. Well, the idea is simple, any IT graduates who had learned the knowledge in programming all are potentially to become new technopreneurs.
7. But there is no guarantee of the success rate that they are venturing.
8. Having guts of trying something new with background knowledge, plus a bit of encouragement from certain people are not the key to success.
9. Although it seems “cool” to be known as technopreneurs in the society, a new class of heroes in a knowledge city and potential to be new millionaires, but bear in mind, a technopreneur could simply come out with a technology solution based on their observation or interest in a community and the solutions are lasting not long due to lack of supportive powers. In short, not innovative at all.
10. These problems are not difficult to finds, indeed, there are many if you pay some attentions. For example, traffic congestions in the city center, financial information for busy bosses, and many others. These are sources of ideas that technopreneurs could turn into a software solution.
11. The IT graduates could simply design a solution that they believe their solutions are ready to market to the local community and start spinning a ton of cash flowing into their bank account.
12. The next thing you can expect to see is publicity to attract people’s attention.
13. So, the critical success factor is not on the solution itself, but acceptance level of the users and the local economic development level.
14. In addition, in order to create a successful model for a knowledge city, one of the most basic but yet very critical factor is depending on the element of building a learning society.
15. A learning society is characterized as people who are very keen to read, but that does not mean they spend their time simply on surfing information for self-entertaining.
16. I think a strict definition must apply on a learning society, which I define this as, a society that is learning through intensive reading and be able to lead to productive life.
17. As a result, a productive life needs to gather proof to support the model is already successful, for example the people are able to generate their incomes through research, technology and brainpower activities like early mentioned.
18. Therefore, technopreneurship is certainly important to involve as many enthusiastic people as possible who willing to produce new solutions.
19. The acceptance of the society will decide whether these people to be recognized and celebrate their success life or not in the business ventures.
20. About the characteristic of a learning society, it is already described early.
21. There is another side which will play important role to develop a knowledge city.
22. The urban development authority which provides legal and policy framework will keep the local entrepreneurs always feel the challenges in their innovations.
23. As a result, the two-way interactive between the authority and entrepreneur may create positive outcomes especially the entrepreneurs are looking to improve their skills and knowledge level in order to bid the standards that lay down by the authority.
24. Another stakeholder in the game is the university.
25. The university is a place that take the leadership role to provide resources for researchers to develop theoretical frameworks.
26. Besides that, the business practitioners or people that they are known as entrepreneurs generally willing to work with the university to co-organize events or conferences for the inventors to show case their new solutions.
27. Hence, a knowledge city must embrace the spirit of learning, and also it needs a platform such as conference or event to take their products/solutions to public attention.
28. A knowledge city needs a knowledge-based ecosystem that encourage innovations and platform to tell their customers.
29. Liked early mentioned, a knowledge city is featuring by high-added value exports.
30. Whether a city is knowledgeable or not will depend on the total values and participants at the conferences / events.
31. I think that is another important value dimension on economic indicator to justify a region as a knowledge city.
To conclude my findings after finishing the article, I think that article does not meet my expectations that I hope to see. However, the article has opened up a new dimension and broaden my thoughts on recognizing the triple helix relationship which are involving the university-entrepreneur-inventor, they are main stakeholders in the making of a knowledge city.