Microsoft Australia Managing Director calls for better management and measurement of the contribution of knowledge and innovation to productivity growth
4 November, 2005
| Archived Post
SYDNEY, Australia, 4 November 2005
Sydney - 4th November 2005 - Australia risks stalling productivity growth over the next decade unless a new approach is taken to management and measurement of knowledge based resources according to Mr Steve Vamos, Managing Director of Microsoft Australia and President of the Australian Society for Knowledge Economics.
“Increasing productivity growth is a national priority given the implications of changing demographics and ageing on the makeup of our work force and society, and the increasingly connected and competitive nature of the global economy,” said Mr Vamos.
“Our economy today is far more connected both domestically and internationally as a result of technological advancement, a trend that will only continue to accelerate.
“These changes open up the need for, and opportunity to improve Australia's international competitiveness by becoming a leader in identifying and developing the value and contribution of knowledge and the capability to innovate in all aspects of our economy.”
Speaking today at the Global Access Partners (GAP) Congress on Knowledge Capital, in Melbourne, Mr. Vamos said: “As we move forward into the 21st century, Australia's workforce is expected to age considerably. The ramifications for the Australian economy are considerable, particularly as the baby boom generation begins to retire, taking with them invaluable knowledge and expertise built up over their working lives. This confronting reality means organisations need to look now at how they facilitate knowledge transfer and innovation.”
“Public and private sector organisations may possess the most advanced technology, but its value can be significantly reduced unless people are engaged, aligned and led by a management team who possess a shared and integrated vision of the future and a passion to create an environment where people can share knowledge and innovate,” he said.
“Governments, for example, are increasingly looking to share information and integrate service delivery, with a focus on IT helping to deliver this goal. Embedding a cultural ethos of team work together with aligned and shared goals will also be critical to achieving this.”
Over one hundred senior business and Government executives attended the conference which was hosted by the Australian Government Consultative Committee on Knowledge Capital (AGCCKC) and Global Access Partners (GAP).
The Australian Society for Knowledge Economics assists organisations and governments to improve productivity and performance through the better management of knowledge and innovation.
The congress saw the inauguration of the Society for Knowledge Economics, with a national charter ?to encourage and assist the development and adoption of best practice in the management and measurement of knowledge and innovation in the Australian economy'.
“People are still largely working in a pre-digital world. The GAP conference has enabled those of us with a passion for finding ways to improve business and personal productivity to come together to share ideas and insights. I see this as a big step forward in understanding how Australian organisations meet the business challenges of the new economy,” Mr. Vamos said.
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