TABLE OF CONTENTS Jay Chatzkel, Progressive Practices, Phoenix, Arizona, USA
Becoming a knowledge capital requires a conscious decision to achieve a network of knowledge-based entities that strategically interface with the world
A knowledge capital is a region that bases its ability to create wealth on its capacity to generate and leverage its knowledge capabilities. In a knowledge capital, enterprises and people link to form knowledge-based extended networks to achieve strategic goals, cultivate innovation, and successfully respond to rapidly changing conditions. A knowledge capital recognizes that its ability to grow, capture, leverage, and share its knowledge is the basis for both its competitive advantage in the world and its quality of life.
As we emerge from the Industrial Era, physical and financial resources still are important, but it is now knowledge, and actionable knowledge specifically, that is the most powerful factor of production. Physical and financial resources have become commodities that are relatively easy to obtain or replicate. The knowledge factor differentiates a region by uniquely producing the ability to generate, capture, and leverage the knowledge necessary to mobilize the other resources and yield remarkable outcomes.
The reason to pursue becoming a knowledge region is to create the capacities for great gain. In fact, every country or company that has made great leaps has built a knowledge base as its springboard. This is no less the case for Greater Phoenix or any other potential knowledge capital at this point in time. The driving...
