Knowledge-Based Social Entrepreneurship

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Knowledge-Based Social Entrepreneurship

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Title: Knowledge-Based Social Entrepreneurship
Author: Carayannis, Elias G.
Abstract: We are witnessing a significant transition of the world economy to a newer phase of development where knowledge is an instrumental force. Knowledge is the main ingredient in innovation, entrepreneurship is a variation of innovation, and both of these are engines of economic growth are not novel concepts. What is unique in the present knowledge economy is the massive explosion of knowledge, its increasing transformation to a main factor of production, its growing role in enhancing productivity and competitiveness, and the extraordinary surge of its importance as the essential resource for the social and financial prosperity of nations. For centuries, knowledge has been known and perceived as a driving force behind technological and scientific progress. It also has always been deemed as an enabler to the increasingly sophisticated production systems. The first Industrial Revolution provided a significant boost to the burgeoning position of knowledge in the production value chain. Its role has altered again with the emergence of information and telecommunication technologies (ICT) which ushered the Information Age. In the next decades, the importance of knowledge in the trade, business, and manufacturing has thrived and evolved into one of the primary factors of production in many industries. The rapid development of science and technology since the early 1990s strengthened the status of knowledge even more not just as the primary resource in all technology-related CHAPTER 1 Introduction
Description: TOC,ILL,PIC,372P.
Date: 2019-04-20

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