Knowledge Management, ITC and Spillover Effects in Mexico

TL;DR: The use of knowledge in a broader perspective using tacit and explicit knowledge and ingraining that knowledge into the ideas and ideals of the organization generating a vision and mission of the organisation makes a complete new level of development as discussed by the authors.

Abstract: This paper presents a perspective on Information Technology and Communications (ITC) and spillover effects in Mexico competitiveness and generation of wealth. We have reviewed some of the basic aspects regarding IT and Computer Technology, innovation and the effect that these have into competitiveness, productivity and overall creation of wealth. In advanced organizations and economies, leading edge practices of knowledge management together with the proper implementation of innovations and ITC are promising sources of productivity growth. The use of knowledge in a broader perspective using tacit and explicit knowledge and ingraining that knowledge into the ideas and ideals of the organization generating a vision and mission of the organization makes a complete new level of development. This, together with the usage of technology generates productivity growth. We have also sketched a process for ITC development and drew conclusions on the practices and culture that should go hand in hand with technology development to make a more significant impact. It is important to notice that some organizations and economies have adopted a new cluster of information work practices and culture by itself that we need to learn and generate in Mexico. KNOWLEDGE, TECHNOLOGY, INNOVATION AND COMPETITIVENES At the time that we are writing the present paper, which is at the beginning of 2010, we are seeing a slow recovery from a major global and Mexican economy recession. Global stock markets have plummeted. National banks have implemented a series of measures to revive economies. We saw a great number of failing financial institutions and weak companies globally and in Mexico. In the judgment of many of us, what we are seeing corresponds to an economic cycle of major downturn after a series of past growth cycles. However, and going into deeper inherent questions of wealth and development, many of us wanders what is the basic source of wealth and competitiveness for companies to remain strong, and specially in times of major economic changes. Companies need smarter ways to be managed in order to survive economic downturns and become major generators of wealth. In the present paper we offer an explanation which is not precisely unknown but far valuable to revisit and reinforce more evidence: major wealth is created in the maximized knowledge together with technology development leading into more technology, innovations and competitiveness. Major successful companies within these industries are, actually, creating a major wealth into the global and regional economies. We could see many examples in other industries in many other advanced