Question

Why network form of organization emerged in Knowledge-based Economy era?

Answer 1

All goods and service produced in all the parts of the world contributes with the higher rate of GDP. But such utility of goods and services are need to be guided by the proper procedures which should acts as a parameter in order to decide the standard metrics and the degree of how far it is fulfill the needs of the customers in the long-run period. Among all types of Economies Knowledge-based economy uniquely benefits the end beneficiaries with the full satisfaction.

Let us discuss the reasons why network form of organization emerged in Knowledge-based Economy era. In the earlier and medieval period of 19th century, many business firms and organizations witnessed the transformation of industrial revolution through the advent of knowledge-sharing practice. Many firms have network form of organization with hierarchical structure of top and bottom. Both developing and developed nations have such type of network form of organization predominantly with the objective of using the innovative way of techniques. Knowledge-base Economy era refers to the transformation of usage traditional methods into information-based technical aspects using thoroughly with all possibilities of ensuring any speed-up and energetic move of full capacity. Such full capacity are used in the network form of organization where it can be shared in the firm types like research areas, consulting companies and technical support. In order to render better services for the customers, the network organization used knowledge base era to develop the business.