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much responsive and proactive in meeting user information needs in the
new global economy in order to avoid a recurrence of the crisis and to
support future economic growth. The years of the early 21st century
have often been called the “information age,” and it has been predicted

that many more powerful advances in information systems are on the
way. Information professionals are at the centre of these developments
and have the potential to make a major contribution to growth and

sustainability in the world economy. In order to do so, however, the
profession must take responsibility for ensuring that information failure
is never again a cause of economic crisis.

ASSIGNMENTS
1. What factors caused an economic crisis of 2007?
2. Do you agree that information professionals may also be partly

responsible for the occurrence of the crisis? Explain.
3. What is the result of information transparency?
4. What is the result of information failure in the economic crisis?

5. What does abbreviation LIS stand for?
6. Who plays a central role in providing organizations with adequate
information?

7. What do you know about Enterprise Risk Management (ERM)?
8. What emerging forms of communication do you know?
9. How can information help reduce negative effects of economic crisis?
10. Summarize the text.

Text 2

INFORMATION PROFESSIONALS IN THE INFORMATION
AGE:
VITAL SKILLS AND COMPETENCIES
By Suliman Al-Hawamdeh,
10
Schubert Foo
Intellectual Capital And Intangible Assets
In a competitive global world, the measurement of the worth of the

organisation lies not just in its material wealth but also in the intangible
assets/intellectual capital. These are the procedures, know-how,

10
Al-Hawamdeh S. Information Professionals in the Information Age: Vital Skills and
Competencies / Suliman Al-Hawamdeh, Schubert Foo. – Available at: http://www3.
ntu.edu.sg/home /sfoo / publications / 2001 /01iclise_fmt.pdf