What is the Knowledge Economy?

You may have heard people say that we’re currently in a knowledge economy. But what exactly does that mean? The knowledge economy is all about sharing and producing ideas and information. For you, that means your ideas and skills are likely more important than your physical abilities. To be successful, you’ll need to use your skills and knowledge to help people – whether that’s your coworkers, your customers, or the company you work for.

If you’re applying for jobs or trying to advance in your career, this might scare you a little bit. But you’ve likely picked up a lot of skills without even realizing it. In particular, three skills can help you significantly in the knowledge economy.

1. Communication

A big part of the knowledge economy is sharing what you know, so you have to be able to communicate with your coworkers and customers effectively. Communication will also help you articulate your ideas to your boss. You might have the best idea ever – something that could make your company millions. But, if you can’t explain it, no one in your company will think it’s worth pursuing.

Read also: 9 Tips for Getting Your Boss to Support Your Ideas

2. Flexibility

Technology can change on a dime. But if you’re flexible, then that doesn’t really scare you too much. You’re willing and able to learn any new technology that comes your way, and you feel pretty comfortable using it.

Flexibility is particularly important in the small business world. As a small business employee, you’ll probably wear multiple hats. You have to be flexible to adapt to each new situation and to be willing to take on whatever tasks your boss throws at you.

3. Willingness to learn

When employers are interviewing job candidates, they’re not just looking for someone with all the necessary skills. They also want to know how willing you are to learn new things. If you show that you’re willing and eager to learn, the hiring manager will know that you’ll try to stay up to date on the latest trends in the field and will be able to adapt and pick up new responsibilities when needed.

Read also: Take Control of Your Own Career Development