The Knowledge Board has published a timely piece on "The importance of Knowledge development in a recession" from the introduction to the article. "In today’s world where knowledge is power, it should come as no surprise that the most valuable asset for any business is the knowledge of its employees. And within our current knowledge-based economy, competent and confident employees are the foundation for a successful business"
But what does this actually mean in practice? well the author has identified several areas that business should be working in, they are:
- knowledge training and development programmes
- Identifying top employees (these are individuals who are already creating and developing knowledge and so are crucial to a business)
This is an interesting article, which highlights two areas businesses should be developing to ensure they're ready for the recession and the upturn.