Lynn Ilon is a Chief Innovation Coordinator of Bayoom Hub – a global social enterprise based in Korea. Dr. Ilon is a global knowledge economist and applies this perspective to marginalized areas. She has lived in four regions of the world, worked in some 20 countries, and was a professor at top-ranked universities on three continents. She has consulted for the World Bank, Harvard, the UN, and numerous bilateral and multilateral organizations and NGOs.
Knowledge Economics is a theory that explains how ideas help societies progress. Knowledge has some unusual qualities, so simply estimating its value through contributions to GDP does not capture its entire value.
Creating value looks a lot different in the brave new world of knowledge economics. Despite the evidence, we tend to think “selling product,” rather than “building networks” is the successful business model.