Intellectual capital management in longlasting family firms. Much knowledge has been generated during the different phases of the development of the concept or discipline. Strategic intellectual capital management in multinational. A wellbalanced illustration of the concepts that surround the strategic management of intellectual capital and knowledge, with interesting and relevant papers arranged into logical sections and chapters throughout the book. The strategic management of intellectual capital and organizational knowledge choo, chun wei, bontis, nick on. The strategic management of intellectual capital and organizational knowledge, new. His most recent articles appear in european management journal and management decision. Apr 02, 2016 read book pdf online here the strategic management of intellectual capital and organizational knowledge ebook. Superior performance is no longer driven by traditional physical assets,but instead primarily by intellectual capital. Origins, development, strategic management knowledge, historical perspective.
Choo and others published the strategic management of intellectual capital and organizational knowledge find, read. Apr 15, 2020 download the strategic management of intellectual capital and organizational knowledge and read the strategic management of intellectual capital and organizational knowledge online books in format pdf. Bierly and daly define it as the set of strategic choices addressing knowledge cre ation in an organization, which guide the devel opment of intellectual capital and thus compet itive advantage. Chun wei choo is professor of the faculty of information studies at the university of toronto. The complete guide to knowledge management offers managers the tools they need to create an organizational culture that improves knowledge sharing, reuse, learning, collaboration, and innovation to ensure mesurable growth. Are okms strategic assets within the context of the resource. Since intellectual capital refers to the combined intangible capital which enables the company to function, it is critical for strategic management in knowledge based industries. Sep 01, 2000 with the advent of knowledge management, intellectual capital is gaining increasing recognition as the only true strategic asset. Mediating role of knowledge management using sem analysis kalsom salleh and norhayati wahib 222 gamification of knowledge sharing practices. Zack sees it as competitiv e strategy that is built around a firms intellectual resources and capabilities. The types of knowledge that would be relevant for intellectual capital are data definitions, business processes, business rules and procedures, specialized technical knowledge, the fit with the corporate culture, management styles, organizational history with customers and vendors, and how data flows through the organization.
Choose from 500 different sets of strategic management chapter 4 flashcards on quizlet. The strategic management of intellectual capital and organizational knowledge, new york. The strategic management of intellectual capital and organizational knowledge chun wei choo, nick bontis on. This paper examines the issue of the historical development of the knowledge dubbed strategic management. The results of the analysis revealed that intellectual. An essential element is the balance firms should observe between exploration and exploitation march, 1991, i. The strategic management of intellectual capital and organizational knowledge paperback april 4, 2002. Data were gathered from 356 employees working in manufacturing companies in jordan. Strategic alignment, exploration and exploitation, measurement, and reporting of intellectual capital. By combining literature from different areas, namely strategic km, ict for km, organizational culture and effectiveness, a theoretical model is proposed and tested in a sample of more than 300 firms in spain. The strategic management of intellectual capital and organizational. Strategic management of intellectual capital and organizational.
Increasingly, the challenge of management is to create and supply knowledge in order to sustain organizational performance. Most of the respondents are in the graduated level 54. Across a broad range of industries and geographies. He is the founding director of the research centre for intellectual capital and entrepreneurship, and former director of. With the advent of knowledge management, intellectual capital is gaining increasing recognition as the only true strategic asset. Bontis received his phd in strategic management from the ivey business. The impacts of intellectual capital, innovation and. Since intellectual capital refers to the combined intangible capital which enables the company to function, it is critical for strategic management in knowledgebased industries.
Managing organizational knowledge by diagnosing intellectual. Intellectual capital management is defined as a cycle of four interrelated sets of practices. In terms of practical management, as the intellectual capital elements are the same but with different emphasis, extra. The management of intellectual capital is conceptualised as occurring via a multiple stage process, governed by an evolutionary logic. Intellectual capital defining key performance indicators. Alignment between strategy and intellectual capital development.
Addothe need for an organizational knowledge management strategy. Read book pdf online here the strategic management of intellectual capital and organizational knowledge ebook. Analyze the relationship between vision, strategy, and intellectual capital. The most widely used definition of intellectual capital is knowledge that is of value to an organization. Dimensions and categories of intellectual capital as stock lead to an interpretation of stock and flows. Check out other translated books in french, spanish. Results show that diverse organizational cultures hierarchy, clan. A brief look at why knowledge management is useful and what its role is in the organization. Intellectual capital relates to all organizational. How to manage your intellectual capital contents executive summary success and future value creation in todays economy depend on the ownership and appropriate management of intellectual capital.
Their findings emphasize the importance in exploring ic components individually and confirming that the better the fit of an organizations ic is to its km strategy. Download pdf the strategic management of intellectual capital and organizational knowledge a full free. Knowledge management km definitions john girard, ph. In strategic perspective, nowadays, knowledge and intellectual capital are used to create and enhance organizational value, and the success of an organi zation. This in turn involves developing, owning, and astutely orchestrating knowledge assets and intellectual property. Knowledge assets underpin capabilities and core competencies of any organisation. Learn strategic management chapter 4 with free interactive flashcards.
Describe the risks and liabilities of not managing intellectual capital. The manager must have a thorough knowledge and analysis of the general and competitive organizational environment so as to take right decisions. A straightforward guide to leveraging your companys intellectual capital by creating a knowledge management culture. Learning organization and knowledge management in managing intellectual capital in the higher learning institution. The core of management in the knowledge economy is the development and deployment and utilization of intangible assets, the most significant being tacit knowledge, competence, and intellectual property. The strategic management of intellectual capital and.
Intellectual capital research, a research thinktank and consulting organization. That definition suggests that the management of knowledge the sum of what is known creates intellectual capital5. However, few books on management strategy have been written using this concept as a foundation. Read book the strategic management of intellectual capital and organizational knowledge free boook online.
Pdf managing organizational knowledge and employees competency is observed as key towards success. Very little systematic research has examined the applicability of strategic management concepts including swot strengths, weaknesses, opportunities and threats analysis, industrial organization, resource. Knowledge, intellectual capital, and strategy choo. Oi365 knowledge management and intellectual capital course. Proceedings of the 36th annual hawaii international conference on system sciences hicss03 2003, pp. Managing information an excellent overview of the range of theoretical perspectives and research undertaken to date. Knowledge, intellectual capital, and strategy themes and tensions chun wei choo and nick bontis the conversations in this volume about the role of knowledge in strategy management may be framed by seven basic questions. Constantin bratianu is professor of strategic management and knowledge management at the bucharest university of economic studies, romania.
The relevance of knowledge management and intellectual. Understanding the various effects that exist among intellectual capital, knowledge sharing, and organizational performance is the main purpose of this study. How strategic knowledge management drives intellectual capital to. Jan 14, 2016 download pdf the strategic management of intellectual capital and organizational knowledge a full free. Strategic management can also be defined as a bundle of decisions and acts which a manager undertakes and which decides the result of the firms performance. The aim of present study is to examine the impact of intellectual capital on strategic management of knowledge and competency from the context of indonesia. Intangible assets are the main basis of competitive differentiation and successful strategies in many sectors, as manifested in the growing literature on issues such as loyalty, intangible. Maziku, 2016 have examined the idea of strategic management of knowledge and intellectual capital of the business firms while addressing range of issues. Knowledge management km is the process of creating, sharing, using and managing the knowledge and information of an organization. The impact of organizational culture on the use of ict for.
Pdf the strategic management of intellectual capital and. The strategic management of intellectual capital is the perfect resource for the growing number of companies pursuing a strategic approach to managing their intellectual capital and harnessing and leveraging their knowledge, experience, and expertise more systematically to attain a competitive advantage. Knowledge economy and intellectual capital management. Check out other translated books in french, spanish languages. The strategic management of intellectual capital and organizational knowledge published. The role of social capital and organizational knowledge in enhacing entrepreneurial opportunities in hightechnology environments. Knowledge management is the name of a concept in which an enterprise consciously and comprehensively gathers, organizes, shares, and analyzes its.
The strategic management of intellectual capital and organizational knowledge paperback april 4, 2002 on. Pdf strategic management of organizational knowledge and. The strategic management of intellectual capital and organizational knowledge. The impact of intellectual capital on organizational. Knowledge management km refers to a multidisciplined approach to achieving organizational objectives by making the best use of knowledge. The strategic management of intellectual capital and organizational knowledge edited by chun wei choo and nick bontis. Its main elements are human capital, structural capital, and customer capital. Jan 19, 2011 a straightforward guide to leveraging your companys intellectual capital by creating a knowledge management culture. The paper aims at analyzing the influence of diverse organizational cultures on the use of ict for strategic km. The development of strategic management in the non. Strategic management meaning and important concepts. This has led to a proliferation of organizational knowledge management systems okms, for managing intellectual capital.
It is imperative to highlight a few of them, such as, strategic information management, intellectual capital, organizational learning. What unique perspective does a knowledgebased view of the firm offer. Organizational, strategic, and policy dimensions david j. Download the strategic management of intellectual capital and organizational knowledge and read the strategic management of intellectual capital and organizational knowledge online books in format pdf. In order to test the hypotheses of this study, the approach suggested by 1 was undertaken. An established discipline since 1991 citation needed, km includes courses taught in the fields of business administration, information systems. Alignment between strategy and intellectual capital. In order to assess the relevance of knowledge managementintellectual capital kmic research, 12 semistructured interviews were undertaken with kmic professionals.
Strategic management process meaning, its steps and. European journal of business and strategic management. Change management, organizational learning and systems and technology. Booker1, nick bontis1 and alexander serenko2 1degroote school of business, mcmaster university, hamilton, ontario, canada 2faculty of business administration, lakehead university, thunder bay, ontario, canada in recent years, there has been a growing pressure on business schools to make their. The results regarding the hypotheses are shown in table 6. Strategic management process has following four steps. Alignment between strategy and intellectual capital development noradiva hamzah mohd nazari ismail abstract this study is aimed at providing both an empirical and theoretical link between strategic management and the three categories oj intellectual capital i.
The effect of intellectual capital on organizational. Enormous knowledge is hidden in the economics literature and in the heads of corporate ip managers about the way companies have developed answers to these questions. Download pdf the strategic management of intellectual. Strategic management process meaning, its steps and components. The role of social capital and organizational knowledge in enhancing entrepreneurial opportunities in high technology environments, donna. He is an active speaker and consultant to organizations and governments around the world. Strategic management is a field of study, academic discipline and a business area. Therefore, they play a key strategic role and need to be measured. Get free shipping on strategic management of intellectual capital and organizational knowledge isbn. Strategic management is a continuous process that appraises the business and industries in which the organization is involved. Measuring intellectual capital is on the agenda of most 21st century organisations. The manager must have a thorough knowledge and analysis of the general and competitive organizational environment so as to.
A proposed conceptual framework for organizational learning shivnetra singhsomransukh and. Download pdf the strategic management of intellectual capital. Strategic knowledge management, innovation and performance. His recent books include the strategic management of intellectual capital and organizational knowledge oup, 2002, information management for the intelligent organization 2001, and web work. The dupont case 207 rosa nelly trevinyorodriguez, egade campus monterrey, mexico how to acknowledge, manage and measure intangible strategic resources embedded in organizational settingssuch as intellectual capitalhas been a widely discussed topic during the last two decades. The readings in this book will help readers get an understanding of the best methods to create. Strategic management theory and practice john parnell. A straightforward guide to leveraging your companys intellectual capital by creating a knowledge management culture the complete guide to knowledge management offers managers the tools they need to create an organizational culture that improves knowledge sharing, reuse, learning, collaboration, and innovation to ensure mesurable growth.
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