Incentive strategies for knowledge workers

Author: Han Dayong
Publisher:
Publish Date: 2007-01-17
Features: The foundation of the knowledge economy is knowledge, and its key is talent, specifically knowledgeable talent. The upgrading of information infrastructure and the rapid development of information technology have made the production, storage, sharing, and use of knowledge technically more feasible and economically more efficient. The allocation and combination of various factors in economic activities will become more rational and effective. The competition in corporate economic management will focus on knowledge, information, and technology as a whole—knowledge-based talent. Ultimately, the management of various elements in economic management boils down to the management of high-quality personnel—knowledge workers. "How to improve the productivity of knowledge workers and how to effectively motivate them are the biggest challenges that businesses face in the 21st century," Drucker remarked, "because we are in the world's greatest turning point, a shift from a society where monetary and material capital are the dominant resources for businesses to one where knowledge is the dominant resource. This transformation requires new management techniques and organizational approaches different from those of the past."