Knowledge As Money the Value Essay

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The keystone species of this ecosystem is pricing and the systems to support their definition, management and exception management. Pricing as the keystone specifics of selling and service systems also acts as a catalyst of the quantity and profitability of transactions. Pricing also acts as the defining element of how elastic or inelastic demand for products will be as well. Pricing is so potent as a keystone species it can communicate in an instant what the value of an entire business is. Consider the pricing for a diamond ring that is real, over 4 karats large, versus a cubic zirconium imitation and the example becomes very clear. The price of a Yugo car vs. A new Mini also shows this point, and even in commoditized products pricing still sends a very clear message of implied value and market position.

The information ecology of a selling and service ecosystem also requires the ability to flex or stay agile in response to customer requirements and variations in demand and requirements as well. The pricing attribute in these ecosystems is further defined as the keystone species because entire product lines, their profitability and ability to attract a specific type of customer is entirely predicated on its relative position in the market. The value of an effective pricing strategy is also seen in how effectively a sales channel adopts and continually excels with selling new products as well. Often sales teams struggle with new products' positioning and direction, looking to price as the compass of direction.

Two Questions from Final List

Given the readings and assignments in the course, identify and briefly discuss two important concepts applicable to your professional discipline.

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The concepts of the value of knowledge being associated with monetary exchange and its ability to deliver profitable operations to a business over time. The ability to translate knowledge into a sustainable competitive advantage over time is also particularly relevant to the professional disciplines of interest. The second area is how effective networks can be at translating company-wide culture and values into achievement and continued momentum towards goals and plans being achieved. When corporate cultures and the accompanying IT systems are designed to support greater information transparency and alignment to corporate objectives, greater results can be achieved.

Given the readings and assignments in the course, identify and briefly discuss what you believe to be future trends of your professional discipline.

The future is definitely going to be dominated by the use of analytics and business intelligence designed to better understand network dynamics and the relationships within and between value chains. The speed and accuracy of transactions will to a large extent be defined more by how effective an organization is managing its analytics and less about how well they protect themselves by being myopic and inward-centric. The second major trend is the focus on customer-driven and demand-driven supply networks over being purely focused on efficiency for its own sake. Now and even more in the future, supply chains will be focused on anticipating and predicting demand first. This is revolutionizing supply chain management….....

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