Intellectual Capital: The New Wealth of Organizations

Intellectual Capital: The New Wealth of Organizations

Intellectual Capital: The New Wealth of Organizations

Thomas A. StewartNicholas Brealey Publishing£16.99ISBN: 1857881826

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Knowledge has become the most important fact of economic life. For many organisations, it is the chief ingredient of what they buy and sell, the raw material with which they work. Intellectual capital - not natural resources, machinery or even financial capital - has become the one indispensable asset of corporations. The realisation of this has led to the interest in "knowledge management" to exploit this often underutilised resource. This book is about such exploitation - of the talent of the people who work in the organisation; the loyalty of the customers it serves and learns from; the value of its brands, copyrights, patents and other intellectual capital; the collective knowledge embodied in its systems, management techniques, and history - vital assets that are rarely managed and almost never managed skilfully. This book offers advice on how to discover, understand, and unlock the value of these hidden assets. It does this by concentrating on the practicalities rather than the "paradigm shifts" to show how the Information Age economy really works - and how to make it work in your organisation.