Academic journal article Journal of International Business Research

Toward a Knowledge-Based Economy Learning University Is a Key Prerequisite

Academic journal article Journal of International Business Research

Toward a Knowledge-Based Economy Learning University Is a Key Prerequisite

Article excerpt

INTRODUCTION

The notion of knowledge-economy "started to appear in the early 1960s. However; it becomes an increasingly popular philosophy these days. There has been much interest in this "new phenomenon", with many studies trying to identify the concept and mechanism behind this economy in which knowledge has become essential. This transformation was a natural result of the shifts that has passed off the human socio-economic developing; The first wave was the agricultural age; since the wealth was depending on possessing the land; The second wave was the industrial age; in which the wealth was owning the capital. The third wave was the knowledge age, in which possessing of knowledge determines wealth. This growing in the importance of knowledge is stimulating the transformation of both the character of the wealthy people possessed and the nature of organizations, which has been turned topsy-turvy by a shift to knowledge-based-economy. Referred to the UK department of trade & industry (1998); the knowledge economy is defined as" one in which the knowledge generation and exploitation have come to play the predominant part in the creation of wealth". Recently the world Bank used the term "KE" to describe an economy that creates, sharing and implementing knowledge to enhance its growth and development. Practically; Co-operation and Development (OECD,) World Bank (WB) and Asia-Pacific Economic Co-operation (APEC) and others have provided practical steps to build the knowledge economy in both the developed and the developing countries. And it is showed a high acceptance that changing organization into a new style called a learning organization which is determined by many authors as the key prerequisite for the knowledge economic. (Allam & Abdalla, 2013). The most important characteristic of learning university is the ability to learn fast. King Saud University must actively respond to this new request and follow the other learning universities. The most important issue is, do KSU success in becoming a learning organization? This question will be answered through this research by using Dimensions of Learning Organization Questionnaire (DLOQ), to investigate the extent that King Saud University has been committed to this new style of organization. The results show high responding to many practices of the learning organization. However, few rooms need improvement. This question was the core of many studiesand the answer was, as strategic responses to changing environmental conditions and pressures, many universities these days are applying new ideas and changing to new ways of operating. Yes, they have become learning organizations. (Glenys, 1999; Mead, 1995; Ozlem, 2012). Recently, universities in Saudi Arabia have been challenged in many ways, the high educational environment has become more complicatedand expansion, that resulted in a larger and more heterogeneous student population, which has challenged the traditional teaching methods. Also, The growing cooperation in higher education within the European Union (EU) lead many students to compare the traditional education system with the education abroad. Based on a recent survey, had been established in 2015, in the light of the bilateral relations between the United States and Saudi Arabia, through the larger project of developing King Abdelaziz Al-Saud scholarship plan. The number of Saudi students in the United States 84,709 (The Ministry of High Education, Report, 2015). In addition to, the extensive use of information technology (IT), that has increased the qualification and the number of both the academic staff and students. As a result, Saudi universities are nowadays forced to compete in an international market, which creates a challenge situations for the Saudi Universities. On the other hand, Align with the Saudi Arabia Vision 2030-announced by Deputy Crown Prince Mohammed bin Salman. The most important characteristics of the learning organization are the ability to learn fast and to expand its capacity to create, acquire, transfer and use that knowledge by the way that is changing its behaviour to reflect this knowledge. …

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