What Is a Knowledge Market?

The knowledge market is the sum of the exchange relationships that exchange knowledge as a commodity and turn it into real productivity. Refers to places where intellectual property owners and demanders exchange value for intellectual property through sale or other means. There are various forms, such as knowledge fairs; organization through knowledge brokers; coordination through knowledge guilds. ^[1]

Knowledge market

Right!

The knowledge market is the sum of the exchange relationships that exchange knowledge as a commodity and turn it into real productivity. Refers to places where intellectual property owners and demanders exchange value for intellectual property through sale or other means. There are various forms, such as knowledge fairs; organization through knowledge brokers; coordination through knowledge guilds. ^[1]

Means

Market signals are indicators that tell us where knowledge exists in an organization and how it is obtained. Availability is a type

1. Knowledge market is an effective guarantee for the continuous and development of knowledge operations. Knowledge market is the core element of knowledge operation. It resembles

1. Monopoly If the knowledge that people need is held in the hands of someone or a group, a monopoly of knowledge will arise. The negative impact on the organization is quite obvious. Important knowledge is locked in an exclusive market, and it cannot be effective for the company at the right time and place. and

In the era of knowledge economy, knowledge has economic functions.

1. The knowledge market must have a certain size. An ideal market that is fair to both buyers and sellers is a market with sufficient goods and sufficient buyers. Similarly, to achieve the purpose of establishing a knowledge market, the knowledge market must have sufficient scale . In knowledge operations, we often encounter the following problems:

(1) Incomplete knowledge

Often in an enterprise, some employees are unwilling to share their knowledge in order to maintain their advantages. Therefore, in an enterprise, especially in small and medium-sized enterprises, employees are generally unwilling to exchange their core knowledge, and effective knowledge management activities are difficult to carry out. However, in the industry's knowledge operation platform, each professional is scattered in many different enterprises. It is difficult to monopolize the knowledge they have. No one can guarantee that their knowledge is the most valuable and unique. The only way to maintain your advantage in the industry and enterprise is to continuously communicate with your peers and learn from each other to improve your knowledge level. In this sense, the knowledge operation of the industry is more valuable and meaningful than the knowledge operation of the enterprise.

(2) Information asymmetry

There is a degree of asymmetry in all markets, but this is even more pronounced for knowledge markets. Often in an organization, one department has a lot of knowledge, while the other departments lack it. Knowledge of company development strategy may exist at the senior level, but the middle managers of the company also need this knowledge, but cannot get it. Such problems are often caused by distribution channels, information forms, etc., rather than by scarce knowledge.

The knowledge resources in the western region of China are scarce compared with the eastern coastal regions, not because these knowledge cannot be obtained, but because the knowledge resources in the western region are not paid enough attention, and the channels of knowledge transmission are not smooth enough, resulting in information asymmetry.

2. Good knowledge maps and knowledge search tools In the traditional market, buyers need to conduct multiple commercial negotiations to compare the performance and price of the seller's products before they can be bought and sold. The seller also has to bargain several times to successfully sell the product.

In the knowledge operation market, the content of the knowledge base is extremely rich, and the number of sellers and buyers is also very large. How can buyers quickly find the goods they need in this sea of knowledge? In the same way, how to make potential customers find themselves as quickly as possible requires the knowledge operation platform equipped with knowledge map, knowledge classification and knowledge search tools. These tools are described in detail in subsequent pages.

3. There cannot be a knowledge monopoly because knowledge is owned by a few people and it is difficult to transfer knowledge. Therefore, if only one person or group has the knowledge that others need, then there may be a knowledge monopoly. The consequences are the same as for monopolies in other markets, because without competition, the price of knowledge would be high. Individuals with knowledge that is important to the business alone may use this feature to build their power and status in the business. Such people are reluctant to share their knowledge with others, which has obvious impact on the long-term development of the enterprise.

4. Give full play to the role of knowledge brokers. In the knowledge market, knowledge brokers play a role in communicating between buyers and sellers. It has different manifestations in different knowledge markets, such as:

(1) In enterprises, knowledge brokers include knowledge directors, knowledge managers, and various knowledge workers.

(2) In the community of practice, knowledge brokers include banyan and coordinators.

(3) In the industry's knowledge operation platform, knowledge brokers include independent knowledge operators and their individuals.

Knowledge intermediaries can help members of the knowledge operation platform focus on core knowledge areas, maintain the relationship between buyers and sellers in the knowledge market, and perform important knowledge operation functions, including:

(1) Identify major concerns in knowledge operations.

(2) Promote knowledge market activities in organizations and industries.

(3) Formally or informally contact various members to act as brokers of intellectual assets.

(4) Cultivate a trading atmosphere in the knowledge market.

(5) Control the development trend of the knowledge operation platform.

(6) Help members participate in knowledge operation activities.

(7) Assess the health of knowledge operations and its contribution to members, organizations, and industries.

Knowledge intermediaries can also be held by specialized knowledge operators. Knowledge operators are not responsible for providing knowledge, but are only responsible for providing tools for knowledge operations, including establishing a technology platform that meets the needs of the knowledge market, and providing good knowledge trading mechanisms. They are responsible for guiding the direction of knowledge operations and controlling the development of knowledge operations. They often have a certain business model and profit from successful knowledge operations. At present, the operators of vertical portals in some industries can be regarded as the embryonic form of independent knowledge operators.

5. The combination of online knowledge market and offline If a friend tells you that he has read many books about surgery and is going to perform surgery on your skull, then politely rejecting him is your right choice. When performing a surgery on a patient, the surgeon does not rely solely on his own theoretical knowledge. He must also maintain close communication with other medical staff based on years of surgical experience, clinical manifestations of the patient, and various examination results. Make the right judgment and response to the patient's continuous progress.

In order to improve such expertise, practitioners need to communicate closely with others who face the same working environment. A simple knowledge operation platform cannot achieve this kind of communication. Regular face-to-face communication and on-site practice cannot be replaced by the online knowledge market, and the online knowledge operation platform is a useful supplement to this practice.