ISSN: 2247-6172 ISSN-L: 2247-6172 Review of Applied Socio- Economic Research ( Issue 2/ 2011), Page | 67 URL: http://www.reaser.eu e-mail: editors@reaser.eu
International experience to recognize levels of business knowledge performance So the question concerning the requirements that company should meet to be classified as smart growing business is still quite challenging. Returning to the idea of the improved definition of innovation enterprise and its special characteristics we consider it as a necessity. Conceptually, it can be a consulting company, or scientific organization, that generates unique research for manufacturers, as well as a producer which invests in intellectual property and implements internal and external products of research activity. Perhaps, this is a sort of simplified approach, but it explains the current state of terminological understanding of intellectually-oriented organization. It should be mentioned that research studies aimed at the improvement of comprehensive basis for smart growing business have been conducted by Russian experts. Nevertheless, a little experiment of using largest Russian Internet search engines such as Yandex and Rambler Media Group (both are ranked among leading search web-portals in the world5) demonstrates that it is quite easier to find the explanations for such issues as “innovation activity”, innovation entrepreneurship” or “types of innovations”, than to form an appropriate opinion about the innovation company as it is, and its properties. In this connection we find it useful to refer to the specific international programme intended for companies’ innovation profile assessment – Global Most Admired Knowledge Enterprises (MAKE), which is administered by the independent research firm Teleos in association with the global community of knowledge-driven organizations The KNOW Network6. Initially released in 1998, MAKE then established a benchmark to recognize the world's leading organizations for their ability to leverage enterprise knowledge to deliver superior performance in the areas of innovation, operational effectiveness, and excellence in products and services. Study results are published as annual reports containing ranks, analytical findings and focuses on innovation profiles of companies in question. The current report “2010 Global Most Admired Knowledge Enterprises” – just as the previous MAKE researches – is based on the Delphi approach consisting of the three-round analysis. First, the expert panel of 500 senior executives and leading experts in the field of knowledge management, intellectual capital, innovation and organizational learning selected a pool of 96 organizations. Secondly, each expert selected the three most advanced knowledge enterprises from the pool. Companies mentioned by at least 10% of the expert panel members were recognized as Global MAKE Finalists. By the third, and final round 51 enterprises were ranked against each of the eight knowledge performance ratios which compose the MAKE framework and are the indicators which demonstrate the probable transformation of the enterprise’s knowledge resource to its tangible value creation. The shortlist includes 20 winners who were recognized as 2010 Global Most Admired Knowledge Enterprises on the basis of the total composite scores (table 2). The following factors are measured by MAKE experts to define the company’s smart potential: • • • • • 5
creating an enterprise knowledge-driven culture; developing knowledge workers through senior management leadership; developing and delivering knowledge-based products/services/solutions; maximizing enterprise intellectual capital; creating an environment for collaborative enterprise knowledge sharing;
Source: Global Search Market Draws More than 100 Billion Searches per Month - comScore, Inc”. Comscore.com. August 31, 2009 – http://www.comscore.com/Press_Events/Press_Releases/2009/8/ Global_Search_Market_Draws_More_than_100_Billion_ Searches_per_Month/%28language%29/eng-US. Retrieved May 5, 2011 6 The KNOW Network – http://www.knowledgebusiness.com