Rapid Knowledge Creation is the concept behind the Experience Revolution Community, a pilot initiative from the University of Michigan Business School's Center for Business Innovation. The Experience Revolution Community's goal is to explore new themes and co-create knowledge, fostering collaboration among businesses, students, alumni, consumers and faculty. Attendees were invited to participate in the Experience Revolution Community test site, which is scheduled to go live in September 2001.
Knowledge creation is fundamental in the new business environment.
The landscape of knowledge creation is changing. It is becoming increasingly critical to sustain intellectual leadership. Rapid change in the competitive landscape creates a demand for new knowledge. There are forces changing the way actionable knowledge is created causing fast obsolescence of knowledge in stock. Business has transformed dramatically.