Definition
Knowledge economy is the economic system based on the production and use of knowledge and information. Founders reach for it when a vague conversation needs a shared, specific meaning. Name it clearly, then let the next decision — a hire, a price, a test, or a pass — follow from that meaning.
In the room
How the word shows up in a real conversation.
You know Knowledge economy is doing work when it changes a weekly choice — price, hire, channel, or kill. The working definition: Economic system based on the production and use of knowledge and information.
Common mistake
Using Knowledge economy as a label instead of a fact. If you cannot point to the evidence — a number, a customer, or a written assumption — you are using the word as jargon.
See also
Knowledge base
Centralized repository of information and resources for an organization.
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Knowledge capital
Intellectual assets and expertise that contribute to a company's competitive advantage.
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Knowledge management
Process of creating, sharing, using, and managing organizational knowledge.
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Knowledge management system
Technology platform for storing, organizing, and sharing organizational knowledge.
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