Question: a. The use of knowledge in society - to what degree is the organisation able to leverage of this for competitive advantage (this may be at the industry or sector level and/or a National level)
b. Dissemination of knowledge and relative ‘shelf life' (this will vary from industry to industry). Discuss how the organisation should mitigate
against ‘obsoledge'. You should also consider the distinction between tacit and explicit knowledge.
c. What is the risk of change? Discuss labour market segmentation including various labour markets which may be exploited for competitive advantage. What are the long term consequences of an increasingly knowledge based society?
d. Human and social capital within the organisation. You may also discuss CSR concepts and the benefits to society as a whole. The
relevance of this will depend on the organisation and context.
e. Consider aspects of macro policy development in economics and employment and how the organisation can ensure it is has capability to
adapt.