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Global Knowledge Market and New Business Models

Prof. Dr Brane Semolic

Slovenia

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Abstract

Paper deals with the emerging global changes which demand an introduction of new competencies for organizations and individuals. How to motivate present and future clients to stay loyal? How to create innovative business environment and motivate the most creative people to work with us and help us co-create innovative desirable products and services for demanding global markets? Utilization of classical organization and management principles is not sufficient anymore. We are heading towards knowledge based corporate culture where intrinsic satisfaction of all involved parties is a key driver for a long term business success. Innovative products, global entrepreneurship and the ability to design and maintain a unique portfolio of regional and global value chains, supported by different forms of collaborative organizations, is becoming one of the core competencies of contemporary organizations. We are trying to learn and copy natural systems and processes and use them in a process of organizing our businesses. Such an example is the creation and development of business ecosystems. The heart of such systems are process based networked organizations.

Key words: globalization, innovative value chains, business networks, business ecosystems, knowledge management, process based organization

1 Emerging Global Changes

Present globalized business environment requires different competencies from both, organizations and individuals. In order for a conventional organization to succeed, the productivity of its individuals and organizational units within the company used to be important. In the organizations of the 21st century, this success depends increasingly on interpersonal and inter-organizational productivity (including cooperation with companies, other organizations and individuals outside one’s own company) with an agile workplace at its core. People working in an agile workplace, often titled “knowledge workers”, need to be flexible and to partake in and co-create the real or virtual business environment of the company’s business network. The individual knowledge worker’s general competencies relate to:

  • Specialized knowledge and skills for an individual work area,
  • a wide horizon of business and technological literacy,
  • work in multidisciplinary project teams,
  • competencies of working in a multicultural environment,
  • competencies of adaption to fast changes and
  • project management and leadership competencies.

The post-global business environment thus requires competencies that are substantially different from those typical of the industrial age of the 20th century and which we still unfortunately see in the practice of numerous companies.

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About the Author

Prof. Brane Semolic, PhD

Head of LENS Living Lab- International living laboratory, Celje, Slovenia

Professor, University of Maribor, Slovenia

Brane Semolic, PhD, is currently head of LENS Living Lab – international R&D living laboratory and professor at the University of Maribor in Maribor, Slovenia and Cranefield College, Johannesburg.   He is President of the Experts Council of Project Management Association of Slovenia (ZPM), and Chairman of the IPMA (International Project Management Association) Research Management Board.  He is also a member of the EU Enterprise Policy Group – Professional Chamber and Issue Manager of the SIG (Special Interest Group) Project Management in EU program NETLIPSE (Knowledge Management of Large Infrastructure Projects).  Brane Semolic has a BSc in Mechanical Engineering (technology), and a BSc, M.Sc.and Ph.D.in Economics and Business Administration (project management and informatics) from the University of Maribor.

Professor Semolic has 35 years of working experience as an expert, researcher, consultant, manager and project manager in industry and for the Slovene government.  He spent four year as Counselor to the Ministry of Science and Technology, Republic of Slovenia (1990 – 1994) and has been a member of the International Association for Project Management (IPMA) since 1982.  He was previously a Professor at the Faculty of Mechanical Engineering, Faculty of  Electronics and Computer Sciences, Faculty of Civil Engineering, and Faculty of Logistics (University of Maribor); Dean of GEA College (Global Entrepreneurship Academy) in Ljubljana;  Lecturer in the “European Project Manager” postgraduate education program (joint program with University of Bremen); Co-founder of  the EU education program  “European Master in Project Management”; IPMA Vice president (international events and R&D); President of the Slovenian Project management Association (ZPM); First IPMA foreign assessor in the PM Certification Program in Serbia and Montenegro; Project manager of the 14th  IPMA (International Project Management Association) world congress in 1998; and President of scientific committee of 1st joint ICEC & IPMA Global Congress on Project Management and Cost Engineering in 2006.

He has published more than 400 works on project management and other topics.  He was awarded as ICEC (International Cost Engineering Council) Distinguished International Fellow in 2008.

Professor Semolic can be contacted at [email protected].   Additional information about the LENS Living Lab can be found at http://www.3-lab.eu/ .