International Business Management Essay by BrainC

This paper examines how the era of improving business management through the acquisition of new equipment or designing a new manufacturing process seems to be drawing to a close and how the global economy, which is increasingly based on knowledge and knowledge management (KM), is becoming more dependant on the way in which people can work together, rather than the way in which cogs in a machine interact. It explores how the digital, global economy has allowed businesses to diversify their approach to managing people and how the individual in the company has slowly become recognized as possessing just as much value, if not more, than the machinery or computer equipment with which he works.