mis presentation knowledge based economy [download to view full presentation]

8/4/2019 MIS Presentation Knowledge Based Economy [download to view full presentation]

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Knowledge based economy

Submitted by:

PGP/14/280 MAHTAAB KAJLA PGP/14/281 RAVINDRA MAKWANA PGP/14/282

MANIKANDAN V PGP/14/283 NAVEEN VYAS PGP/14/284 NILA LOHITAPGP/14/285 PARIMAL SHIVENDU

Group IV


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Agenda

Econ

omy

Knowledgee

conom

y

Growth

&Dyna

mics

Implications

Short Case Study

Agenda

Group IV | Indian Institute of Management, Kozhikode | Management Information Systems


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What is economy ?



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What economy is all about ..

production, distribution and consumption of goodsand services

markets and firms (in the case of capitalism)

efficient allocation of resources Land (raw materials, natural resources) Labor (workers time and effort, expertise) Capital (equipments, plants, wealth, etc.)

So What exactly is knowledge based economy ???



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Knowledge based economy

Knowledge based economy is a kind of economybased solely on theproduction, distribution and the useof knowledge. In short, it means that the most important

thing in the coming economy model will be knowledgeand skills, not the material products. Source: John rowes

[http://searchwarp.com/swa51205.htm]Capital

Knowledge

Land

Labor

Agricultural age

Industrial age

Knowledge age



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Driving forces

Globalization Information technology, which is related to next three:

Information/Knowledge Intensity

New Media Computer networking and Connectivity

Source: Wikipedia[http://en.wikipedia.org/wiki/Knowledge_economy]



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Growth of K in the economy

Knowledge industriesKnowledge itself is the product/service(e.g., software, media, entertainment, consulting)

Knowledge-intensive industriesHigh level of K embedded in products/services(e.g., electronics, computer, pharmaceutical)

Traditional industriesCapital and labor still largely relevant(e.g., oil & gas, construction, transportation, retail)

C

K

Ld

Lb

C

K

Ld

Lb

C

K

Ld

Lb

Paceofchang

e



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The dynamics of K industries

Knowledge has positive externalities:

Spillovers (one persons investment benefits others)

Investment in research/education benefits many Increasing returns (positive feedback)

In costs: high upfront costs, low marginal costs In supply: the more you know, the easier to acquire In utilization: the more you use, the easier to use

In demand: the more you sell, the easier to sell Network externalities (adopters value )



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Implications

Societal Organizational Individual



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Development of public policies onScientific and technological researchIndustrial development (K-intensive industries)ICT infrastructure (access rights, digital inclusion)Intellectual property (patents, copyright, commons)Education (knowledge work and citizenship)

Implications - Societal level

Societal



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External issuesScan the environment (e.g., public policies, S&T

development, competitors behavior, etc.Improve knowledge creation and transfer through

collaborative arrangements and acquisitionsOpen channels with customers and society

Internal issuesDevelop absorptive and innovative capacityManage knowledge work and workersExplore contracting and outsourcing alternatives

Implications - Organizational level

Organizational



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Learn continuously (knowledge value)

Formal and informal educationChallenging assignments

Manage own career (value reputation)Market oneself and manage opportunities

Cultivate professional and personal networksEngage in knowledge networksDevelop ethical sense

Implications - Individual level

Individual



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India A Short Case Study

Transition from BPO to KPO DestinationGrowth of Services sector 8 + %Contribution to Indias GDP 51 + %

Healthcare Pharma & Biotechnology Information & Communication Technology (ICT)



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Over 60,000 cardiac surgeries done per year with out comes at par withinternational standards

Multi organ transplants like Renal, Liver, Heart, Bone MarrowTransplants, are successfully performed at one tenth the cost.

Patients from over 55 countries treated at Indian Hospitals. Ayurveda recognized as an official healthcare system in Hungary.

Doctors in the west are increasingly prescribing Indian Systems ofMedicine More than 70% of the American population prefer a natural approach to

health


He

althcare


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PROCEDURE

COST(US$)

THAILAND

THAILAND

INDI

AHeart Surgery

Bone Marrow

Transplant

Liver Transplant

Knee Replacement

Cosmetic Surgery

7,

50

0

----

---

----

---

8,

00

0

3,

6,0

00

26,

000

69,

000

6,0

00

2,0

00

U

S

US

40,00

0

2,50,

000

3,00,

000

20,00

0

20,00

0

UK

23,00

0

1,50,

000

2,00,

000

12,00

0

10,00

0

Cost Advantage

He

althcare


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Ph

arma&

Biote

ch

Top 5 Companies Sales & Export Revenues

Source: Company reports

Rank Company Sales ($ mn) Exports ($ mn) Exports %

1 Ranbaxy 969 736 76%

2 Cipla 400 163 41%

3 Dr.Reddy's Lab 336 212 63%

4 Aurobindo Pharma 264 128 48%

5 Lupin 210 92 44%

Export revenues nowcontribute over half thetotal revenues for theIndian pharma majors

Indian pharma companies filed thelargest number of Drug Master Files(DMFs) for APIs and 23% of ANDAswith the USFDA during 2003

Pharmaceutical exportsincreased at a CAGR of23% during FY1995-FY2002

Ranbaxy acquired RPG Aventis,France; Wockhardt acquired CPPharmaceuticals, UK; Zydus Cadilaacquired Alpharma, France

Players thinking local Players thinking global


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Ph

arma&

Biote

ch

MNC-DomesticCompetition

MNC-DomesticCollaboration

New Drug Research

Glaxo SmithKline's recentR&D alliance with

Ranbaxy Laboratories

Clinical Trials

Novartis, Astra Zeneca andEli Lilly making India a

global hub for clinical trials

Co-marketing

Glaxo-Cipla,Wockhardt-Bayer,

Ranbaxy-Knoll tie-ups

In-licensing

Ranbaxy licensingagreement with KSB, UKfor marketing TransMID

Pharma - IT

Novartis processes drugsafety data and is designing

clinical development software

Local research

Astra Zenecas $40 millionR&D facility in Bangalore for

TB drug discovery

COLLABORATION


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Tried and tested model / Most of Fortune 500 here already

Large resource pool of talented engineers with decent Englishcommunication skills Approximately 700,000 in the IT and BPO sectors Starting pay for IT engineer = $6,500* With 1-2 years experience = $8,000*

Improving infrastructure enabling better telecommunications Supported by Government interventions and economic policies


IC

T


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IC

T


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IC

T

Software & services

export(2004-05) ~ US $ 17.5

billion

n Grown from a $150m in

1991-92n CAGR in last 10 yrs: 35%


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Source: Rediff[http://www.rediff.com/money/2006/nov/11guest.htm]


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Q & A


mis presentation knowledge based economy [download to view full presentation]

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