The Wealth of Knowledge: Intellectual Capital and the Twenty-first Century Organization

Thomas A Stewart

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The Wealth of Knowledge takes the intellectual capital bull by the horns and reveals how we can move from intangible capital to real wealth. The problem is that management prefers to look at a business as a bundle of technologies, rather than as a nest of messy, hard-to-analyse people making decisions based on hubris, heuristics and hunch - management practice is lagging far behind reality. There are no rules of thumb, no advice, no tried-and-tested consulting methods for increasing the productivity of the knowledge worker. In this sequel to Intellectual Capital, Tom Stewart provides a practical, prescriptive, four-step process for managing knowledge assets, while questioning many of the assumptions on which we have based business life for the last 100 years. He examines why companies exist in the first place, how people should be compensated for their work and plunges into the always controversial but vital topic of measurement.

What will you learn from this book

  1. Intellectual Capital Defined: Stewart likely provides a comprehensive definition and understanding of intellectual capital, emphasizing its role as a critical asset for organizations.

  2. Knowledge as a Strategic Resource: The book may highlight how knowledge and intellectual capital have become strategic resources that contribute to an organization's competitive advantage.

  3. Measuring Intellectual Capital: Stewart might discuss various methods and frameworks for measuring intellectual capital, providing insights into how organizations can quantify and manage this valuable asset.

  4. Importance of Human Capital: The book may emphasize the crucial role of human capital—knowledge, skills, and expertise of employees—in the overall intellectual capital of an organization.

  5. Creating a Knowledge Culture: Stewart could discuss the importance of fostering a culture that values and promotes knowledge-sharing, collaboration, and continuous learning within an organization.

  6. Knowledge Management Strategies: The author might provide practical strategies for effective knowledge management, including capturing, organizing, and disseminating knowledge throughout the organization.

  7. Innovation and Intellectual Capital: The book may explore the relationship between intellectual capital and innovation, illustrating how a well-managed intellectual capital can drive innovation and creativity.

  8. Protecting Intellectual Capital: Stewart might discuss the need for organizations to protect their intellectual capital, addressing issues related to confidentiality, intellectual property, and knowledge security.

  9. Role of Technology: The author could explore how technology, including information systems and collaborative tools, plays a role in managing and leveraging intellectual capital effectively.

  10. Adapting to Change: Stewart may discuss how organizations with a strong intellectual capital are better positioned to adapt to change, navigate uncertainties, and remain competitive in a rapidly evolving business environment.

Language English
ISBN-10 1857882881
ISBN-13 9781857882889
No of pages 379
Font Size Medium
Book Publisher Nicholas Brealey Publishing
Published Date 23 Oct 2003

About Author

Author : Thomas A Stewart

4 Books

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