The Organization in Economy of Knowledge

Abstract

The article deals with changes, which will happen to the organization at the new stage of the economic development, i. e. in economy of knowledge. The author points out that traditional economic categories, such as labour, property, money will be seriously changed. Labour under the influence of information and knowledge will transform into creativity, the role of private property will increase, money will become virtual and proliferation of crypto-currency will broaden not only on the global but on the local level as well. All these factors will seriously influence the organization and processes taking place in it. A lot of organizations will pass on to the virtual form. According to the author, organizational culture will alter: the fear of decision - making will disappear, the access of team members to information will rise, private and corporate goals will coincide. The basis of the organization efficiency will be formed by its specialization. Organizations will become decentralized and their structures will lean on teams and bureaucratic bodies. The use of innovation both in production and in all other spheres will become an obligatory foundation of business competitiveness. In conclusion the author puts forward the conceptual model of the organization in economy of knowledge.

Keywords

• economy of knowledge
• labour
• knowledge
• customization
• organization
• innovation
• organizational culture