JMGT_V1_N2_A2 Elias Carayannis Piero Formica Journal on Management 2230 – 715X 1 2 21 26 Entrepreneurs, competitiveness, knowledge-ducts, knowledge nuggets, knowledge economy It has been said that in the knowledge economy, the marketplace is not divided into towns and regions, but into affinity groups that descend from a high propensity to sociability (also known as the invisible networks of peers (Carayannis and Allbritton, 1997) and which are also structured by knowledge creation, diffusion and use modalities (what we also call “knowledge-ducts” along 1 which flow “knowledge nuggets” ) such as innovation 2 3 networks and knowledge clusters. Newton and Goethe called this affinity (Elective Affinities - Goethe), “catalytic” in that two substances combine to form a third one. In a truly and openly global economy one country is no longer able to dominate the others and such an economy consists of knowledge-driven economies and knowledge-based societies that materialize only in an atmosphere of community. September - November 2006 Copyright © 2006 i-manager publications. All rights reserved. i-manager Publications http://www.imanagerpublications.com/Article.aspx?ArticleId=393