Healthcare-IT Business Strategy

Sunday, February 2, 2014

Knowledge Currency

There are 3 kinds of powers in this world - muscle power, money power and knowledge power.  The currency for muscle power was the Hours of manual work done that was used in the agriculture or green revolution. The person or organisation with strongest  muscle power would rule in that era. The currency for money power is Dollars or Euro or Rupees etc. Money currency has been a predominant force that built the industrial revolution. The individual or corporation with highest money pool have been ruling the markets.

There is no currency for Knowledge as yet. People measure knowledge in terms of Dollars/Hour, which is a flawed way because you cant really put a value to the task that is done in minutes but may have taken months/years of preparation/study/experience.

Knowledge is considered as the highest form of power. Countries have collapsed because they couldn't control the spread of knowledge due to Fax machines. Today's social media is another example of knowledge power that has capacity to go viral and generate value beyond imagination of yester generation. It is flattening the hierarchy and Govts find it hard to fathom what is happening. 

Someday a knowledge currency will emerge somewhere in the world and lead to a paradigm shift which is unprecedented and will lead to sweeping economic and political changes across the globe. I am waiting to see it happen.. 

1 Comments:

  • I agree that there are 3 types of power in this world. I want to add that politics should also be considered as a power because it can flip the scenario upside down without much effort. However, in business plan, all the three powers are necessary for its growth.

    Regards,
    Robert Green

    By Anonymous Eton, At March 26, 2014 at 10:42 AM  

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