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Journal articles on the topic 'Knowledge management; Value creation; Intellectual capital'
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VORAKULPIPAT, CHALEE, and YACINE REZGUI. "Value creation: the future of knowledge management." Knowledge Engineering Review 23, no. 3 (2008): 283–94. http://dx.doi.org/10.1017/s0269888908001380.
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AbsractThe paper provides a review of knowledge management (KM) literature with a focus on recent value creation trends of the KM discipline. The review spans a large spectrum of KM research ranging from the ‘soft’ (socio-organizational) to technical dimensions of KM, published in the academic and trade literature. An interpretive stance is adopted so as to provide a holistic understanding and interpretation of organizational KM research and models. Value creation is grounded in the appropriate combination of human network, social capital, intellectual capital, and technology assets, facilitated by a culture of change. It is argued that to be effective organizations need not only to negotiate their migration from a knowledge sharing to a knowledge creation culture, but also to create sustained organizational and societal values. The latter form the foundation of the proposed ‘knowledge value creation’ concept and represent key organizational and societal challenges faced by modern organizations.
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Karunarathne, W. V. A. D., S. S. Weligamage, and W. A. D. K. J. Wanigasekara. "The Mediating Effect of Knowledge Management on Intellectual Capital and Value Creation: Evidence from Sri Lanka." Kelaniya Journal of Management 12, no. 2 (2023): 53–73. http://dx.doi.org/10.4038/kjm.v12i2.7721.
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This paper aims to investigate the impact of Intellectual Capital on Value Creation mediated through Knowledge Management in Sri Lankan companies. The ‘static’ and the ‘dynamic’ aspect of knowledge and the theoretical models, which are based on the relationship between Intellectual Capital and Knowledge Management forced the authors to address this research problem. The study was based on the top corporate personnel’s views collected through a self-administered questionnaire. Out of 297 Public Listed Companies listed on Colombo Stock Exchange and 517 private companies registered in Ceylon Chamber of Commerce, 263 companies were selected as the sample. Value creation was measured through both non-financial value drivers and financial value drivers, which was an innovative feature of this study. The data was analyzed using multivariate analysis through Partial Least Square Structural Equation Modeling. The findings confirmed a partial mediation of knowledge management. Further, findings revealed a significant and positive impact of intellectual capital on value creation and a significant positive impact of intellectual capital on knowledge management. The impact of knowledge management on value creation was also a significant positive one.
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Rastogi, P. N. "Knowledge management and intellectual capital as a paradigm of value creation." Human Systems Management 21, no. 4 (2002): 229–40. http://dx.doi.org/10.3233/hsm-2002-21402.
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Any enterprise can potentially grow profitably through its management of knowledge for intellectual capital. For this purpose, it however, needs to craft an innovative and viable design of its business system. A business system design (BSD) comprises a dynamic architecture which is isomorphic across firms in space and time. A dense dynamic nexus of social capital, human capital and knowledge management – the knowledge management nexus (KMN) – forms the core of BSD. KMN continually rationalises and revitalises the BSD. An inclusive concept of knowledge spectrum as the quintessential resource for value creation is elaborated briefly in terms of its dynamic configuration. A firm's intellectual capital (IC) is seen as the resultant of its KMN. IC represents a firm's meta-capability toward overcoming challenges and exploiting opportunities in its continual pursuit of value creation. A synoptic overview of the KM-IC paradigm is outlined. It provides mental firepower to radically rethink businesses as experiments and exercises in value creation.
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Roberto, George Godinho da Costa, and Francisco de Carvalho Rezende José. "Strategic alignment of knowledge management and value creation: implications on to an oil and gas corporation." RAUSP Management Journal 53, no. 2 (2019): 241–52. https://doi.org/10.1016/j.rauspm.2017.11.001.
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The research explores and describes if and how the patterns of value creation of a Brazilian state-owned corporation from the oil and gas industry are reflexes of the subjects’ perception on strategic alignment of knowledge management. The design adopts data obtained through a survey applied to Knowledge Workers — employees assigned as internal consultants — of Petróleo Brasileiro S.A. (PETROBRAS) and the study development uses parametric and non-parametric statistics and multivariate analysis. The findings indicated that the subjects perceive the strategic alignment of the knowledge management from three different points of view, with reflexes in the perception on the corporate value creation: the balanced profile — extraordinary corporate value creation — the adjusted profile — moderate value creation — and the misaligned one — unsatisfactory value creation. © 2018 Departamento de Administrac¸ao, Faculdade de Economia, Administrac ˜ ¸ao e Contabilidade da Universidade de S ˜ ao Paulo – FEA/USP. ˜ Published by Elsevier Editora Ltda. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/)
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ALLALI, manal, Meryem BEKKAI, KHALDI Mohamed Amine EL, HALOUI Chaimae EL, and MOUTAOUKIL Chaimae EL. "Intellectual capital management: Intellectual capital in different fields and its components." International Journal of Applied Management and Economics Volume 02, Num 01 (2021): 001. https://doi.org/10.5281/zenodo.7798870.
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<strong>Abstract</strong> The purpose of our article is to definethe concept of intellectual capital, to talk about its history, its models of measurement, the components that characterize it, its impact on organizations, and lastly how it is manifested in different fields and its relationship with knowledge management , that is all to highlight its importance in an economy dominated by the creation and diffusion of knowledge, since the role of intellectual capital is indelible, especially with the increase in overall corporate investment in IC - and because of its economic characteristics, notably its intangible nature, itss value inscreased, it also has characteristics that are, by definition, growth-enhancing, and permit to establish evidences of a link between investment in this intellectual capital to growth and changes in productivity. <strong>Keywords</strong> Intellectual capital, intangible assets, knowledge management, measurement
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Janik, Henrietta, Zsuzsanna Tassy, and Zsuzsanna Éva Naárné Tóth. "Impact Assessment of Intellectual Capital on Value Creation in Higher Education." Polgári szemle 19, no. 4-6 (2023): 244–53. http://dx.doi.org/10.24307/psz.2023.1218.
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In the realm of higher education, the pivotal role of intellectual capital in fostering value creation has become increasingly pronounced. Intellectual capital, encompassing the collective knowledge, skills, and innovative capacities of individuals within academic institutions, serves as a catalyst for transformative advancements in education and beyond. As the global landscape evolves with rapid technological and societal changes, the significance of intellectual capital in shaping the trajectory of higher education has never been more crucial. This article delves into the multifaceted dimensions of intellectual capital and its profound impact on value generation within the sphere of higher education. By exploring the intricate interplay between knowledge acquisition, innovation, and institutional development, we aim to illuminate the dynamic and evolving nature of intellectual capital as a driving force behind the continual evolution and enhancement of higher education. Based on the changes observed in organizational/institutional value creation, this literature review deals in detail with the need for conscious, effective and efficient management and development of intellectual capital, which is inconceivable without real and reliable information about the resources subject to management.
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SHerzod, Ismoilovich KHudoynazarov. "THE IMPACT OF THE VALUE CREATION MODEL ON INVESTING IN THE INTELLECTUAL CAPITAL OF THE ENTERPRISE." TJE - Tematics journal of Social Sciences 10, no. 7 (2021): 11–19. https://doi.org/10.5281/zenodo.5555727.
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<strong>Abstract.</strong> In modern management theory, intellectual capital is regarded as one of the key sources of a company's competitive advantage; it includes formalized knowledge and human capital that form the consumer value of companies in the long term. The authors of this article investigate a significant factor that determines the strategy of investing in intellectual capital in order to support effective management decisions - this is a value creation model. Theoretical analysis has shown that the organization's value creation model can have a significant impact on the processes of attracting financial and organizational resources to intellectual capital, defining supporting, transforming or network strategies. Management practitioners can use the results when planning investment programs and analyzing promising areas for investing financial resources.
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Ouechtati, Sana, and Samir Mellouli. "Knowledge Management and Value Creation: Evidence from Tunisian Companies." Business and Management Horizons 6, no. 1 (2018): 73. http://dx.doi.org/10.5296/bmh.v6i1.12621.
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Knowledge management is considered as a way to well manage the intellectual capital of the company. The remarkable importance of knowledge management is reflected in the growing importance of its place in the world of economics. The objective of this paper is to study the impact of knowledge management on the different types of value creation such as economic, social, institutional and instrumental. To achieve this goal, we used a quantitative study of 35 Tunisian companies operating in different sectors. The empirical results of the exploratory analysis show that knowledge management has a significant impact on both economic value. On the contrary, it has a mixed impact on both social value.
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Naixiao, Zhu, and Ding Zhuoqi. "Research on Emotional Intelligence Management Based on the Intellectual Capital Business Model." International Journal of Asian Business and Information Management 3, no. 2 (2012): 53–61. http://dx.doi.org/10.4018/jabim.2012040105.
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With the development of globalization and knowledge economy, intangible assets have become more important in competition. The practice of the intellectual capital business model in Chinese enterprises is an important source for innovation and lets Chinese enterprises get sustainable competitive advantage. In this paper, the authors take K group as an example, and analyze methods of EI management, which has improved employee motivation in innovation. The authors also use empirical analysis to validate the positive correlation between the emotional intelligence (EI) of core staff and job performance. With the development of knowledge economy and corporate strategy theory, knowledge management has taken an important role in the competition and intellectual capital (IC) has become the source of value creation. Intellectual capital business model is a description of the intellectual capital operation, the better mode of operation, the higher and greater value of intellectual capital. As such, intellectual capital is becoming an essential business component; the application of intellectual capital business models increases economic efficiency and enhances competitiveness.
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Sundac, Dragomir, and Irena Fatur Krmpotić. "MEASUREMENT AND MANAGEMENT OF INTELLECTUAL CAPITAL∗." Tourism and hospitality management 15, no. 2 (2009): 279–90. http://dx.doi.org/10.20867/thm.15.2.11.
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Modern companies work in the conditions of so called New economy, where the knowledge becomes the basic economic resource. Traditional resources as land, capital and labour are determined by diminishing returns; knowledge instead is connected with increasing returns. Knowledge that can be used in the company for creating value represents the intellectual capital. By measuring intellectual capital, company can manage it. This paper shows concise overview of used methods for measuring intellectual capital. Authors measured intellectual capital in four companies in Croatia using Calculated Intangible Value (CIV) as a method. Results of measuring intellectual capital are complemented with traditional financial ratios. However, intellectual capital statement gives real outlook in competitive advantage of certain company. Every modern company should measure its intellectual capital value and report it as a supplement to traditional balance sheets.
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Abeysekera, Indra. "Intellectual Capital and Knowledge Management Research towards Value Creation. From the Past to the Future." Journal of Risk and Financial Management 14, no. 6 (2021): 238. http://dx.doi.org/10.3390/jrfm14060238.
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Over the past decade, the body of literature on intellectual capital and knowledge management has grown exponentially, responding to the growing knowledge-based and digital economy. This article reviews the concepts and applications proposed at the initial stages of the launch of these two research paradigms. It then examines the interconnection between the two. The study selected a set of articles on intellectual capital and knowledge management that forward concepts and applications vital to the inception of these two research domains. The analytical review demonstrates that these concepts and applications, although considered separately in research, are interconnected and inform each other. The paper analyzes, discusses, and forms conclusions based on the self-selected literature with informed research knowledge.
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Qureshi, Sajda, Robert O. Briggs, and Vlatka Hlupic. "Value Creation from Intellectual Capital: Convergence of Knowledge Management and Collaboration in the Intellectual Bandwidth Model." Group Decision and Negotiation 15, no. 3 (2006): 197–220. http://dx.doi.org/10.1007/s10726-006-9018-x.
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Tamosiuniene, Rima, Simona Survilaitė, and Vladimir Shatrevich. "Intellectual Capital Approach to Modern Management through the Perspective of a Company's Value Added." Business: Theory and Practice 16, no. (1) (2015): 31–44. https://doi.org/10.3846/btp.2015.553.
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The importance of value creation in small and medium-sized business companies has always been in focus. The changing environment makes a strong impact on all companies all over the world. Nowadays, the value added, which is created by the company, not only depends on tangible but also on intangible assets. It is not enough just to manage internal resources to be efficient or generate high value added. Knowledge and information as an important tool for the management of the external environment have become a new factor of a company. Since elements of the intellectual capital system are intangible and hardly measurable in company's value added, this paper aims to create a model for the analysis of the creation of a company's value added through intellectual capital. Subsequent to the review of literature on value creation and management, the authors proposed a model for value creation through intermediate, which presented three main elements of value added creation.
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Ramadan, Bushra Meaad, Samer Eid Dahiyat, Nick Bontis, and Mahmoud Ali Al-dalahmeh. "Intellectual capital, knowledge management and social capital within the ICT sector in Jordan." Journal of Intellectual Capital 18, no. 2 (2017): 437–62. http://dx.doi.org/10.1108/jic-06-2016-0067.
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Purpose The purpose of this paper is to empirically investigate the mediating effect of social capital (SC) on knowledge management (KM) and intellectual capital (IC). Design/methodology/approach A conceptual model of the connections between IC, KM, and SC was developed and the posited hypotheses were tested using a survey data set of 281 questionnaires collected from knowledge workers working in 72 information and communications technology companies operating in Jordan. Findings The findings show that knowledge documentation and knowledge transfer emerged as having the strongest effects on IC, followed by knowledge acquisition and knowledge creation, while knowledge application was found to have an insignificant effect. Also, knowledge transfer and knowledge acquisition emerged as the only two significant processes for the development of SC. Moreover, SC was found to partially and significantly mediate the effects of all processes on IC. Practical implications To promote the development of IC, particularly, in a knowledge-intensive business service (KIBS) sector, documentation, transfer, acquisition, and creation of knowledge are especially effective processes. Furthermore, SC can be significantly enhanced through ensuring effective internal knowledge transfer and acquisition practices. Nurturing IC in a knowledge-intensive context can also be significantly enhanced through looking at the firm as a cooperative knowledge-sharing entity, i.e. investing in SC. Originality/value This is the first empirical study that has examined the links among KM processes, SC, and IC in a KIBS sector within an “oil-poor,” “human resource-rich” Arab developing country context.
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Survilaitė, Simona, Rima Tamošiūnienė, and Vladimir Shatrevich. "Intellectual Capital Approach to Modern Management through the Perspective of a Company’s Value Added." Verslas: Teorija ir Praktika 16, no. 1 (2015): 31–44. http://dx.doi.org/10.3846/btp.2015.553.
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The importance of value creation in small and medium-sized business companies has always been in focus. The changing environment makes a strong impact on all companies all over the world. Nowadays, the value added, which is created by the company, not only depends on tangible but also on intangible assets. It is not enough just to manage internal resources to be efficient or generate high value added. Knowledge and information as an important tool for the management of the external environment have become a new factor of a company. Since elements of the intellectual capital system are intangible and hardly measurable in company’s value added, this paper aims to create a model for the analysis of the creation of a company’s value added through intellectual capital. Subsequent to the review of literature on value creation and management, the authors proposed a model for value creation through intermediate, which presented three main elements of value added creation.
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Campanella, Francesco, Armand Derhy, and Francesco Gangi. "Knowledge management and value creation in the post-crisis banking system." Journal of Knowledge Management 23, no. 2 (2019): 263–78. http://dx.doi.org/10.1108/jkm-11-2017-0506.
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Purpose This paper aims to demonstrate the existence of a relationship between the knowledge creation process and competitive advantage in the banking system. The framework of knowledge creation processes adopted in this research is the spiral of knowledge proposed by Nonaka and Takeuchi (1995). The concept of competitive advantage is limited to the measurement of economic value by adopting methods that compare the financial performance of the banks with related markets. The objective of this research is to answer the following research question: Which factors of the spiral of knowledge are relevant for increasing a bank’s economic value? Design/methodology/approach The sample used for this empirical research is composed of 960 banks operating in 24 countries. The sample was analyzed from 2012 to 2015 and includes 3,840 observations. Regarding the methodology, hypothesis demonstration was carried out using a panel analysis (generalized least squares regression) on a set of variables. Findings The results show that Nonaka and Takeushi’s spiral of knowledge has a positive influence on value creation in the banking system. However, not all factors of the four modalities of converting tacit knowledge into explicit knowledge and vice versa have a positive influence on the economic value of banks. Therefore, by excluding factors that have a negative influence or are not significant, it is possible to formulate an empirical model that illustrates the relationship between the spiral of knowledge and the economic value of banks. Originality/value There is a lack of studies on the knowledge creation process in the banking system because most of the research is geographically limited, and empirical tests are performed on small samples. Second, generally, these studies are limited to the relationship between intellectual capital and bank performance measured by accounting ratios. However, intellectual capital is only one component of the broader concept of knowledge. This research uses a large and geographically diverse sample and studies the relationship between the spiral of knowledge and economic value, which is measured by various financial techniques.
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Kianto, Aino, Paavo Ritala, John-Christopher Spender, and Mika Vanhala. "The interaction of intellectual capital assets and knowledge management practices in organizational value creation." Journal of Intellectual Capital 15, no. 3 (2014): 362–75. http://dx.doi.org/10.1108/jic-05-2014-0059.
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Sucena, André, Florinda Matos, and António Nunes. "Intellectual Capital and Performance: A Case Study of Construction Companies." European Conference on Knowledge Management 23, no. 2 (2022): 1165–74. http://dx.doi.org/10.34190/eckm.23.2.703.
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Intellectual Capital Management is a key element for a company's development and value creation in achieving sustainable competitive advantage. Since intellectual capital is unique in the marketplace, companies retaining and transferring internally generated knowledge can face the external environment with more agility. Due to the importance of civil construction in the Portuguese economy, this exploratory research uses a case study methodology applied to construction companies in Portugal. The findings of this research evidenced that intellectual capital management influences the performance of construction companies. By recognising the importance of intellectual capital management and how it influences the performance of companies, it is possible to trigger a set of investments in human capital that will become structural capital through the transfer of their competencies and, finally, relational capital. Therefore, higher performances are achieved without losing the knowledge acquired over the years. This research can help to understand the importance of investing in intellectual capital management competencies in civil construction companies to leverage their competitive strategic development.
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Ujwary-Gil, Anna. "The business model and intellectual capital in the value creation of firms." Baltic Journal of Management 12, no. 3 (2017): 368–86. http://dx.doi.org/10.1108/bjm-10-2016-0224.
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Purpose The purpose of this paper is to analyze business model (BM) and intellectual capital (IC) of a firm with a focus on their common elements. The common bases in the field of strategic management for these two concepts are, among others, resource-based view, knowledge-based view, intellectual capital-based view, dynamic capabilities, and configurational approach. It indicates areas in which these two concepts can benefit from each other, e.g. in classification of components, their configuration, or dynamic approach. This general review examines the following research questions: What are the common concepts for the BM and IC? What are their common components? What does the dynamic approach to IC and BM mean? Design/methodology/approach The Web of Science™ Core Collection database was selected for the period 1975-2014 and the Journal of Intellectual Capital (JIC) indexed in Scopus® (Elsevier) was incorporated into the analysis for the period it had been indexed by Scopus (1990-2015). These databases were selected because they offer a reliable overview of historical data regarding journals, articles, and citation impact. The key filter criteria were the presence of the phrases “business model” or “intellectual capital” in the article title, abstract, and key words in order to narrow down the selection to the most appropriate results for the research area. Findings This paper investigates two concepts from the point of view of their underpinnings in management, definitions, and components, as well as value creation. Analysis of the foundations in management allows the author to present a cohesive model, which depicts a comprehensive approach to analysis of these two concepts. Many common elements have been identified and investigated. Originality/value First, it provides an indication of the common underpinnings of the analyzed concepts within the framework of strategic management and proposals for their development toward resource, knowledge, and IC accumulation, combination and heterogeneity-based views. Second, it presents an analysis of the BM and IC components, showing common elements between them. Third, it provides a description and analysis of dynamic view of BM and IC components in a value creation context.
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Soetanto, Tessa, and Pei Fun Liem. "Intellectual capital in Indonesia: dynamic panel approach." Journal of Asia Business Studies 13, no. 2 (2019): 240–62. http://dx.doi.org/10.1108/jabs-02-2018-0059.
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Purpose Intellectual capital (IC) has been considered as a valuable asset in the wealth creation and sustainability of the company; however, limited and mixed results are found on its impact on firm financial performance and market value (MV). This paper aims to investigate the influence of IC toward MV and financial performance of publicly listed firms in Indonesia. In addition, this research also presents the comparison of the high and low level of knowledge industries regarding IC performance. Design/methodology/approach A balanced panel data of 127 firms from 12 industries in Indonesia during 2010 until 2017 was evaluated using dynamic panel regression and administering a well-developed Blundell–Bond instrument (dynamic panel data estimator) to account for endogeneity problem. Findings The results of this study showed that IC had a significant and positive impact on firm performance. Specifically, structural capital efficiency and capital employed (CE) efficiency have been contributed to the value creation of the company, after controlling for firm size and type of industry. Different to the theoretical expectation, this research found no significant relationship between IC and MV of the firm. However, when the sample was clustered into high-level and low-level knowledge industry, CE displayed positive and significant relationship in high-level industry. Originality/value This research contributes to IC research by having a larger sample of Indonesian firms from all industries except banks and financial institutions and using Modified Value Added Intellectual Capital measurement model. To address the endogeneity problem, dynamic panel regression using system generalized method of moment was applied.
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Pawlowsky, Peter, Nina S. Pflugfelder, and Maik H. Wagner. "The ISO 30401 knowledge management systems standard – a new framework for value creation and research?" Journal of Intellectual Capital 22, no. 3 (2021): 506–27. http://dx.doi.org/10.1108/jic-07-2020-0256.
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PurposeThe article reviews major developments in the literature on knowledge management and intellectual capital management. It provides a description and visualization of the structure and content of the ISO 30401 and critically benchmarks its clauses against comprehensive taxonomies from the literature.Design/methodology/approach2018 saw the release of the ISO 30401 Knowledge Management Systems Standard, a type A regulation which may serve as a basis for certification. It builds on and integrates a broad and conceptually diverse literature on knowledge resources (e.g. intellectual capital theory, knowledge management theory). This article aims to show how the management systems standard relates to the literature it is built on and provides directions for its further operationalization by certification bodies and implementation by managers.FindingsThe ISO 30401 successfully integrates a diverse body of literature in a broadly applicable cross-industry standard. To operationalize and implement it, certification bodies and managers should build on empirical evidence of “what works,” taking into account market characteristics as well as organizational properties. Further research should support the implementation of the standard by developing KM measurement frameworks and context-specific studies of KM tools and methods.Originality/valueThis article is the first to systematically compare the ISO 30401 to the underlying theory. This paper uncovers avenues for research and makes suggestions for the standard's operationalization in practice.
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Iazzolino, Gianpaolo, and Domenico Laise. "Value creation and sustainability in knowledge-based strategies." Journal of Intellectual Capital 17, no. 3 (2016): 457–70. http://dx.doi.org/10.1108/jic-09-2015-0082.
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Purpose – The purpose of this paper is to place the value creation process within sustainable growth strategies. Building on Drucker (1968, 1999a, b), Pulic (2000, 2004, 2008) and other papers by the same authors (Iazzolino and Laise, 2013) the specific aim of this research is to propose an accounting-based framework able to: distinguish between knowledge-intensive firms (KIFs) and nonknowledge intensive firms (nonKIFs); and investigate the contribution of the two sets of firms (KIFs and nonKIFs) to overall sustainability, from a social point of view, of the economic system. Design/methodology/approach – The paper uses the notion of value added (VA) (Pulic, 2000, 2004, 2008) as the main indicator to measure the value creation in a knowledge economy context. As regard the first point of the framework, the approach is based on the analysis of VA and its components, starting from a reinterpretation of the concept of value added intellectual coefficient made by the same authors of this paper. An empirical analysis based on the composition of VA in ten Italian industries, by using an overall sample of 1,000 firms, has been carried out and is described in the paper. As regards the second point, the paper analyses, from a theoretical point of view, the necessary conditions to set up a sustainable value creation strategy in social terms, using the conceptual categories introduced by Drucker (1968, 1999a, b) and Pulic (2000, 2004, 2008). Findings – From results of the empirical analysis it emerges that: first, in traditional industries the weight of the cost of employees on VA (human capital investments) is less than the other sectors (low human capital intensity). In these sectors the value creation strategy is mainly based on “dead knowledge,” embedded in machines (physical capital); and second, in nontraditional industries (consulting, advertising, research, etc.) the economic value creation is mainly based on “living knowledge,” embedded in human resources (high human capital intensity). In these sectors we have lower productivity of work (VA/human capital) and higher employment. Practical implications – The framework proposed makes it possible to reduce the risk of myopic valuation of economic performance. Through this methodology it is possible to highlight the effects of sustainable strategies based on knowledge investments oriented toward the stakeholder value theory and corporate social responsibility. The approach can be very useful for top managers and for accountants, as it underlines the importance of the VA income statement and constructs a strong link to the themes of knowledge management. Originality/value – The originality and the value of this methodological proposal can be appreciated by taking into account that in the literature there is no accounting-based methodology that is able to identify: the knowledge-intensive firms; and the firms that can contribute to overall social sustainability, within the set of all firms.
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Rija, Maurizio, and Giovanni Bronzetti. "Innovative IC Framework in the Non-Profit Sector." International Journal of Information Systems in the Service Sector 4, no. 4 (2012): 62–73. http://dx.doi.org/10.4018/jisss.2012100104.
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The importance of intellectual capital in the non-profit sector generates the need to measure its role in the value creation process. The purpose of the paper is to study the application of intellectual capital within the non-profit sector, by turning attention to resources such as: knowledge, experience, and skills. Organizations, which are able to increase the knowledge of their staff and transform this knowledge into skills to improve services, can easily meet users’ needs and, thereby, become competitive. This contribution proposes to study how people’s knowledge can contribute to increasing social value, which is the non–profit organization’s aim. Furthermore, the goal is to demonstrate how collaboration between staff and volunteers is essential to professional services. Finally, the research proposes a conceptual framework in which intellectual capital helps in defining the strategic issues, which non–profit organizations must tackle in order to achieve their social programs.
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Garcia-Perez, Alexeis, Alessandro Ghio, Zeila Occhipinti, and Roberto Verona. "Knowledge management and intellectual capital in knowledge-based organisations: a review and theoretical perspectives." Journal of Knowledge Management 24, no. 7 (2020): 1719–54. http://dx.doi.org/10.1108/jkm-12-2019-0703.
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Purpose This paper provides a conceptual discussion of the bidirectional relationship between knowledge management (KM) and intellectual capital (IC) in a specific subset of knowledge-based organisations, i.e. professional sport organisations. Through the review and conceptual discussion of two relevant research themes, i.e. KM strategies for IC value creation and IC codification, this paper aims to highlight research gaps useful to future research. Design/methodology/approach The authors apply a systematic literature review method to analyse 66 management and accounting studies on KM and IC in sport organisations. Internal and external validity tests support the methodology adopted. Findings The authors provide a conceptual model to explain how KM strategies about IC investments can be optimal, i.e. they create value for all the stakeholders but also suboptimal, i.e. they create value only for a group of stakeholders. Next, they provide evidence of the opportunistic use of the codification associated with IC investments that impair financial reporting information transparency and mislead managers and investors. Practical implications The results are informative for managers, regulators and policymakers to mitigate the inefficiencies regarding KM and IC codification and decisions. Originality/value This study contributes to the understanding of the bidirectional relationship between KM and IC in knowledge-based organisations by focussing on professional sport organisations in which KM and IC have played an important role for a long time. It also includes future avenues for advances in managing, measuring and reporting IC.
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Deghles, H. S. M., and N. R. Kelchevskaya. "Value creation model-based approach to investment in intellectual capital of a manufacturing company." Russian Journal of Industrial Economics 14, no. 1 (2021): 97–107. http://dx.doi.org/10.17073/2072-1633-2021-1-97-107.
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Alongside with physical and fi nancial components a signifi cant role in a company’s resource pack belongs to the elements of intellectual capital: employees’ competence, formalized sources of knowledge and relations with the key stakeholders. However, numerous studies reveal that in manufacturing and service companies the elements of intellectual capital are distributed unevenly and the process of investment in those components is organized differently. The article is aimed at developing a theoretical approach according to which such differences appear at the stage of value creation models. These are considered as the fundamental organizational variables determining the essence and structure of the business models implemented. The research is focused on manufacturing product-oriented companies which can maintain several value creation models simultaneously. The novelty of the study lies in using differentiated strategies of investment in intellectual capital through value chains, workshops and networks, which raise the level of management reflection towards the differences in determining the role and priority of certain resources in maintaining a manufacturing company’s competitiveness. The approach suggested is of high practical significance as it contributes to methodological support for managing the set of a manufacturing company’s investment projects on developing human, structure and relation capital.
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Roos, Göran. "Knowledge management, intellectual capital, structural holes, economic complexity and national prosperity." Journal of Intellectual Capital 18, no. 4 (2017): 745–70. http://dx.doi.org/10.1108/jic-07-2016-0072.
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Purpose The purpose of this paper is to tie together the insights from the body of research relating to economic complexity theory, structural holes, non-price based competition, and knowledge management. The insights relating to generating national prosperity are synthesised through an intellectual capital lens. Design/methodology/approach The paper uses literature review combined with insights from an Australian project on state-based economic complexity. Findings The connectivist and autopoietic epistemological paradigms are found to be most aligned with the need to manage transformation between organisational and human resources that will achieve causal ambiguity and hence inimitability. This inimitability forms the basis for achieving non-price based competition and if there is a rich network of economic agents that, both individually and collectively through collaboration, have these characteristics a large share of the economy can operate on the basis of non-priced based competition. If all these agents have an export focus the economic complexity of the economy will be high, and likely increasing, which will enable both the creation and the appropriation of large amounts of value and hence result in increasing national prosperity. Research limitations/implications Findings are only relevant for OECD countries given the origins of the data used. Practical implications Managerial implications are outlined as are major implications for public policy. Originality/value This is the first time that these concepts are linked.
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Wendra, Wendra, and Fadhliah M. Alhadar. "The Influence of Knowledge Management Processes on Intellectual Capital and Innovation Performance." 11th GLOBAL CONFERENCE ON BUSINESS AND SOCIAL SCIENCES 11, no. 1 (2020): 6. http://dx.doi.org/10.35609/gcbssproceeding.2020.11(6).
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The organisational ability to utilise its knowledge is inseparably linked to its innovation performance. Knowledge is characterized as valuable, rare, inimitable and non-substitutable (VRIN) resources. Those characteristics are key resources to achieve organisational performance (Ferreira & Hamilton, 2010; Wang, 2014; Hussinki, Ritala, Vanhala, and Kianto, 2017). Within literature, there are two streams of academics discussion relating to knowledge in organisation. Those are intellectual capital (IC) literature, and knowledge management (KM) literature (Ramadan, Dahiyat, Bontis, & Al-dalahmeh, 2017; Kianto, Ritala, Spender, & Vanhala, 2014). The first stream considers IC as static resources or materials for organisational value creation. While the later sees KM as processes to create organisational value. Even though many studies have considers the important role of IC and KM Processes (KMPs) in creating values, however there are only limited studies examine IC and KMPs interaction to support innovation performance (IP) (Hsu & Sabherwal, 2012; Cabrilo and Dahms, 2018). Most of the existing studies have contented themselves with assessing IC or KM value level, and then correlating those two to IP. There are far less studies examining to what extent KMPs are consciously implemented within organisations, and furthermore, how the implementation of KMPs impacts the quality of IC leading to the success of IP. To bridge these gaps in the existing knowledge, the current paper examines how KMPs impacts on organisational IC and IP. This study suggested that IC as static resources could be examined as a mediation of KMPs influence on IP. The idea is that KMPs have the abilities to renew IC, leading to support organisational IP. Accordingly, the rationale for this study is to develop a conceptual model of KMPs-IC-IP causal relationship, and provide empirical evidence on the model. This study is expected to contribute to a broader knowledge of the extent IC that can mediate KMPs and IP relationship. Keywords: Knowledge Management Process, Intellectual Capital, Innovation Performance
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Al-Htaybat, Khaldoon, Khaled Hutaibat, and Larissa von Alberti-Alhtaybat. "Global brain-reflective accounting practices." Journal of Intellectual Capital 20, no. 6 (2019): 733–62. http://dx.doi.org/10.1108/jic-01-2019-0016.
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Purpose The purpose of this paper is to explore the intersection of accounting practices and new technologies in the age of agility as a form of intellectual capital, through sharing the conceptualization and real implications of accounting and accountability ideas in exploring and deploying new technologies, such as big data analytics, blockchain and augmented accounting practices and expounding how they constitute new forms of intellectual capital to support value creation and realise Sustainable Development Goals (SDGs). Design/methodology/approach The adopted methodology is cyber-ethnography, which investigates online practices through observation and discourse analysis, reflecting on new business models and practices, and how accounting relates to these developments. The global brain sets the conceptual context, which reflects the distributed network intelligence that is created through the internet. Findings The main findings focus on various developments of accounting practice that reflect, utilise or support digital companies and new technologies, including augmentation, big data analytics and blockchain technology, as new forms of intellectual capital, that is knowledge and skills within organisations, that have the potential to support value creation and realise SDGs. These relate to and originate from the global brain, which constitutes the umbrella of tech-related intellectual capital. Originality/value This paper determines new developments in accounting practices in relation to new technologies, due to the continuous expansion and influence of the intelligence of the collective network, the global brain, as forms of intellectual capital, contributing to value creation, sustainable development and the realisation of SDGs.
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Kianto, Aino, Pia Hurmelinna‐Laukkanen, and Paavo Ritala. "Intellectual capital in service‐ and product‐oriented companies." Journal of Intellectual Capital 11, no. 3 (2010): 305–25. http://dx.doi.org/10.1108/14691931011064563.
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PurposeAs service companies are occupying an increasingly significant place as drivers of economic growth, there is a pressing need to understand their peculiarities in order to facilitate their effective management and governance. One important area in which this kind of understanding is lacking is intellectual capital (IC) and knowledge management. Although intellectual capital has become the key value driver for all types of organizations, there is a lack of systematic research on whether there are fundamental differences in the IC of service‐oriented versus product‐oriented companies. In an attempt to bridge this gap the paper aims to examine the main differences in IC stocks, creation, management and protection mechanisms between service‐oriented and product‐oriented companies.Design/methodology/approachThe analysis is based on empirical evidence collected from 418 respondents representing HR and R&D functions in 335 Finnish companies.FindingsThe results demonstrate that service‐oriented companies possess more human capital and renewal capital, and focus more on IC creation than product‐oriented companies. In addition, IC protection is stronger in product‐oriented companies. As companies move towards a service orientation they need to change their approach to IC stocks and management, and in this acknowledging the differences between a service and a product orientation is the first step.Originality/valueThe results presented in this study shed new light on the differences between service‐oriented and product‐oriented companies in terms of the possession, management, creation and protection of intellectual capital.
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Roslender, Robin, and Robin Fincham. "Intellectual Capital: Who Counts, Controls?" Accounting and the Public Interest 4, no. 1 (2004): 1–23. http://dx.doi.org/10.2308/api.2004.4.1.1.
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Intellectual capital and related topics including intangibles, innovation, and knowledge have rapidly climbed the management research agenda. Their significance lies in the contribution these assets make to sustained value creation, a central mantra within contemporary business strategy. A premium has been placed on the successful management of such assets, and within this program, the accountancy profession has found itself challenged to devise effective means of counting and controlling them. Driven by a distinctly managerial agenda, the majority of developments within intellectual capital accounting to date have exhibited the negative characteristics that critical accounting researchers associate with the extension of the prevailing accounting calculus into new fields. Nevertheless, in some recent contributions there are indications of how an alternative, more progressive approach, that of intellectual capital self-accounts, might be fashioned. As a consequence, the emergence of intellectual capital may yet provide an opportunity to return to the task of accounting for labor. This aspect of the critical accounting project has become less evident as researchers seeking to promote enabling accounting have directed their focus on a range of “other voices” to be encouraged to tell their own stories “from below.”
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Zakery, Amir, Abbas Afrazeh, and John Dumay. "Analysing and improving the strategic alignment of firms’ resource dynamics." Journal of Intellectual Capital 18, no. 1 (2017): 217–40. http://dx.doi.org/10.1108/jic-03-2016-0036.
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Purpose The purpose of this paper is to shed light on improving value creation from intellectual capital (IC) through reducing causal ambiguity and finding effective IC interventions. Design/methodology/approach First, several guiding rules demonstrating the contribution of system dynamics (SD) to the field of IC management are introduced. Second, evidence for modelling resource dynamics is provided across a knowledge-based industry, insurance. Third, a management problem of an insurance company is modelled and then simulated using SD tools to monitor and improve the alignment of key resources with the firm’s market growth strategy. Findings The modelling and further simulation practice demonstrated the advantages of applying SD for analysing resource management problems to identify the critical IC components, intervention points and decision rules that may stimulate value-creating loops. Specifically for the case of an insurance company’s failure in market growth, it led to recognising the critical role of agency sales productivity as a key component of company’s relational capital and the intellectual liabilities that can lead to value destruction. Originality/value Reducing causal ambiguity in IC value creation through modelling and simulating firm resource dynamics is the main contribution of this paper. It enables finding the best intervention points for developing IC-based initiatives to stimulate value-creation mechanisms, as well identifying possible points of value destruction.
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Khan, Ahmed Musa, Mohd Yasir Arafat, Mohd Anas Raushan, and Imran Saleem. "Examining the Relevance of Intellectual Capital in Improving the Entrepreneurial Propensity Among Indians." International Journal of Knowledge Management 16, no. 1 (2020): 123–40. http://dx.doi.org/10.4018/ijkm.2020010106.
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Intellectual capital is considered as knowledge which can transform into value. Recently, it has gained currency in the field of innovation and entrepreneurship. Only a handful of studies have been conducted to examine the role of intellectual capital in explaining the venture creation process. The main aim of this study is to examine the influence of intellectual capital on start-up. A large data set of Adult Population Survey (APS) provided by the Global Entrepreneurship Monitor (GEM) used. The logistic regression technique was used to analyze the effect of intellectual capital on entrepreneurial intention. The finding suggests that policymakers should frame policy and programs focused on developing human capital, structural capital and encourage interaction between existing and potential entrepreneurs so that entrepreneurship can be boosted. This study is also among the few studies measuring the relationship between intellectual capital and entrepreneurial intention. A systematic literature survey shows that only small numbers of researches, based on large data set, have been conducted in developing countries like India.
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Mehralian, Gholamhossein, Jamal A. Nazari, Peyman Akhavan, and Hamid Reza Rasekh. "Exploring the relationship between the knowledge creation process and intellectual capital in the pharmaceutical industry." Learning Organization 21, no. 4 (2014): 258–73. http://dx.doi.org/10.1108/tlo-07-2013-0032.
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Purpose – This paper aims to explore the relationship between knowledge creation and intellectual capital (IC) through an empirical study in the pharmaceutical industry. In the current economy, knowledge and IC are considered as the most important organizational assets and are the key resources in gaining competitive advantage. Design/methodology/approach – This paper adopts the socialization, externalization, combination and internalization (SECI) model to examine the format of knowledge creation processes (KCP) and uses a model to demonstrate the relationship between KCP and IC and its components in the pharmaceutical industry. A valid instrument was adopted to collect the required data on KCP and and IC dimensions. Structural equation modeling was used to assess the measurement model and to test the research hypotheses using the data collected from 470 completed questionnaires. Findings – The results supported the research model and revealed that KCP has significant influence on the accumulation of human capital. The performance of human capital manifests significant impact on structural capital and relational capital. Practical limitations/implications – Given the strong association between KCP and IC, managers should define their own robust operations for knowledge creation to improve their IC accumulation. Originality/value – This research departs from the earlier research on KCP–IC by adopting the SECI model and a research model that facilitates the exploration of the relationship between KCP and IC dimensions in the pharmaceutical industry. The research results provided strong support for the KCP–IC relationship.
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Sandhu, Kamran Yousef, Suleman Aziz Lodhi, and Ahmad Zogo Memon. "A Strategic Tool for Managing Intellectual Capital of Pakistan." Pakistan Development Review 50, no. 2 (2011): 163–78. http://dx.doi.org/10.30541/v50i2pp.163-178.
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In the post-industrial world, the Intellectual Capital (IC) of nations has become critical for wealth and value creation. In this era of knowledge-based economy, one real challenge that a nation faces is maintenance of its economic growth and its competitiveness in the international market. Policy-makers presently need to have a strategic management tool to measure and develop IC assets of a country. The paper extends the framework of Skandia Navigator [Edvinsson and Malone (1997)] from the corporate to the national level and develops a tool on the extended framework to visualise the intellectual capital of Pakistan. The Intellectual Capital of a country is indirectly visualised through various indices. These indices change from year to year, not necessarily in a consistent manner, so that having a general view would be baffling. To overcome this limitation, this paper proposes three methods of measuring the change in IC based on Financial Index (FI), Human Index (HI), Process Index (PI), Market Index (MI) and Research Index (RI). These tools produce composite IC indices for Pakistan (2005-2010) that can be useful for the development of national policies. Keywords: Intellectual Capital Measurement, Knowledge Management, Strategic Management, Pakistan Economy
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Benevene, Paula, Eric Kong, Massimiliano Lucchesi, and Michela Cortini. "Intellectual capital management among Italian non-profit socio-cooperatives." Journal of Workplace Learning 31, no. 1 (2019): 17–30. http://dx.doi.org/10.1108/jwl-07-2018-0085.
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Purpose The purpose of this paper is to deepen the knowledge on the role played by the intellectual capital (IC) of small and medium non-profit socio-cooperatives (SMSCs) in generating knowledge and organisational growth, as well as on the challenges and the difficulties of the management of IC among these organisations. Design/methodology/approach This exploratory study adopted a qualitative methodology. A total of 70 semi-structured interviews were conducted with senior managers of Italian non-profit SMSCs, asking them to talk about the management of their human capital, organisational capital and relational capital. The data gathered from the interviews were analysed through discourse analysis carried out by two independent judges. Findings IC management among Italian non-profit SMSCs is unplanned, unsystematic and short-termed. The SMSCs in question adopt an employee-centred approach; their IC management and knowledge creation are more focused on the direct contribution of the organisational members, than on the endorsement of formal or structured procedures and processes. Owing to their social aim, the well-being of both the workers and the beneficiaries of the SMSCs plays a central role in the IC management. Relationships with external stakeholders are regarded as important as those with the internal ones, re-affirming the organisations’ members as the core of the knowledge generation. Research limitations/implications The group reached is not a statistically representative sample; furthermore, it is limited to Italy. Social/implications Deepening the knowledge on IC among these organisations can help to promote the strengths and address the weaknesses of its management, whilst also helping these micro-enterprises to develop into SMEs. Originality/value This paper contributes to the IC literature by shedding light on the role played by IC among small and medium enterprise (SMEs), and more specifically in the specific context of Italian SMSCs. To the authors’ knowledge, no previous research has thus far dealt with this issue. Deepening the knowledge on IC among these organisations can help to promote the strengths and address the weaknesses of its management, while also helping these micro-enterprises to develop into SMEs.
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Бобров, А. А. "Intellectual capital: concept, essence, structure." Вестник МИРБИС, no. 3(35) (November 2, 2023): 137–42. http://dx.doi.org/10.25634/mirbis.2023.3.15.
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Цель работы — детально исследовать и интерпретировать интеллектуальный капитал в контексте управления корпоративной стоимостью. Исследование стремится дать четкое понимание определения, сущности и элементов интеллектуального капитала, а также исследовать его как комплексный ресурс, потенциал и итоговый продукт, рассматривая все эти аспекты как отдельные фазы создания и обновления капитала. Анализ подходов, классических и современных, к формированию интеллектуального капитала выделяет новые фасеты капитала, включая его культурные, этические, духовные, эмоциональные и творческие аспекты. Используемые методики включают сбор данных, аналитический и сравнительный анализ, описание и систематизацию. Итоги этого исследования предлагают инновационную модель интеллектуального капитала с фокусом на стратегии управления для максимизации стоимости компании, выявляя взаимосвязи между человеческим и структурным капиталом организации. Согласно мнению авторов, новые подходы к пониманию ИК и его роли в обществе открывают путь для дальнейших исследований и разработок в этой области, обеспечивая продолжительный рост и прогресс в условиях постоянно ускоряющегося темпа изменений. В этом контексте, интеллектуальный капитал не просто ресурс или актив, но и основа для создания новых знаний, инноваций и ценностей, которые, в свою очередь, способствуют развитию человечества в более широком социально-экономическом масштабе. The The main objective of this study is to extensively investigate and interpret intellectual capital in the context of corporate value management. The research seeks to clarify the definition, essence, and elements of intellectual capital, exploring it as a comprehensive resource, potential, and end product, considering each of these aspects as separate stages of capital creation and renewal. The analysis of both classical and contemporary approaches to structuring intellectual capital unveils new facets of capital, including its cultural, moral, spiritual, emotional, and creative components. The methodologies employed involve data collection, analytical and comparative analysis, description, and systematization. The results of this study propose an innovative model of intellectual capital focusing on management strategies to maximize company value, highlighting the interrelations between an organization's human and structural capital. According to the authors, new approaches to understanding IC and its role in society open the way for further research and development in this area, ensuring continued growth and progress in an ever-accelerating pace of change. In this context, intellectual capital is not just a resource or an asset, but also the basis for the creation of new knowledge, innovations and values, which, in turn, contribute to the development of humanity on a broader socio-economic scale.
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Celenza, Domenico, and Fabrizio Rossi. "The Human Capital Valuation: A Methodological Proposal Among Intellectual Capital Elements." International Journal of Business & Technology 1, no. 2 (2013): 15–29. http://dx.doi.org/10.33107/ijbte.2013.1.2.02.
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Intellectual Capital (IC) is an important source of value for companies and in recent years has been the focus of attention for scholars. In a knowledge-based economic scenario the role of human resources has been reallocated over time in the theory of the firm to a higher degree than in the past. The worker's labor and management have been transformed as a result of the growing attention to the intangible assets held by each business system. In knowledge economy, manufacturing industries are investing more and more in the processes of scientific and technological research in order to introduce new knowledge in production systems and ensure its survival by creating business value. The competitive firm invests in new productive ideas through scientific and technological research, the human factor and services. The knowledge worker, at every organizational level, has the knowledge that allows the organization to be competitive and deal with the complexity of the environment by creating intellectual added value. The traditional factors of "old economy" based on physical assets has been replaced, or at least reinforced with the belief that the "new economy" takes it steps mainly through CI. The aim of this paper is to examine the methods of evaluation of human capital and to provide an empirical methodology proposed by using an intersection logic concerning the increase in value of the three components of intellectual capital. In particular, the proposed methodology consists in the construction of an adjusted multiplier based on a simplified version of VAICTM capable of expressing a direct relationship with the Return on Equity (ROE) from the perspective of creating value for shareholders based on the dynamics of the company’s performance compared to that of industry.
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Azida Batubara, Noor. "INTELLECTUAL CAPITAL MANAGEMENT UNTUK REVITALISASI IMPLEMENTASI E-GOVERNMENT DI INDONESIA." JURNAL APARATUR 4, no. 2 (2020): 36–52. http://dx.doi.org/10.52596/ja.v4i2.11.
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The purpose of this research is to identify the factors influencing implementation of e-government in Indonesia, using the perspective of Intellectual Capital Management. The low ranking of Indonesia's egovernment implementation based on data released by the United Nations, is internally institutional, due to the lack of human resources knowledge of e-government. While, externally institutional factor is causedby low public awareness of the importance of e-literacy, and other factors that affect the quality of egovernment implementation in Indonesia. A management system is needed that can boost e-government implementation better. Methodology of this research is used a descriptive qualitative approach, data that support research is obtained through the study of literature sourced from relevant books, scientificjournals, scientific articles, and the internet that are relevant to the application of Intellectual Capital Management in order to produce in-depth and comprehensive information, regarding related issues. The result of research showed, that three capitals of ICM that they enggage and support each other in knowledge eternally (human capital, structural capital, and relational capital) is a concept of institutional management with its projected value creation, through knowledge and innovation. It can to increase quality of superior and innovative e-government that contributes to the nation and state of Indonesia positively. ABSTRAKTujuan penelitian ini adalah untuk mengidentifikasi faktor-faktor yang berpengaruh terhadap implementasi e-government di Indonesia menggunakan perspektif Intellectual Capital Management. Rendahnya peringkat implementasi e-government Indonesia berdasarkan data yang dirilis oleh PBB, secara internal kelembagaan, disebabkan masih minimnya pengetahuan SDM terhadap e-government.Adapun secara eksternal kelembagaan disebabkan rendahnya kesadaran masyarakat terhadap pentingnya melek e-literacy, dan faktor-faktor lainnya yang mempengaruhi kualitas implementasi e-government di Indonesia. Diperlukan sebuah sistem manajemen yang dapat mendongkrak terimpelemntasikannya egovernmentdengan lebih baik. Menggunakan metode penelitian dengan pendekatan kualitatif deskriptif, data-data yang mendukung penelitian diperoleh melalui studi literatur kepustakaan yang bersumber dari buku-buku yang relevan, jurnal ilmiah, artikel-artikel ilmiah, dan internet yang relevan dengan penerapan Intellectual Capital Management guna menghasilkan informasi yang mendalam dan komprehensifmengenai permasalahan terkait. Hasil penelitian menunjukkan ICM dengan ketiga elemennya yang saling bersinergi melalui pengetahuan (human capital, structural capital, dan relational capital) merupakan konsep manajemen lembaga dengan proyeksi penciptaan nilai melalui pengetahuan dan inovasi yang dimilikinya dapat meningkatkan kualitas e-government yang unggul dan inovatif yang berkontribusipositif bagi bangsa dan negara Indonesia.
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Paoloni, Mauro, Daniela Coluccia, Stefano Fontana, and Silvia Solimene. "Knowledge management, intellectual capital and entrepreneurship: a structured literature review." Journal of Knowledge Management 24, no. 8 (2020): 1797–818. http://dx.doi.org/10.1108/jkm-01-2020-0052.
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Purpose The purpose of this paper is to analyze within the knowledge management (KM) stream the relationship between KM and intellectual capital (IC) and entrepreneurship (E). IC is a pivotal intangible resource to firms to generate knowledge. Knowledge and information are strategic for today’s company life. IC is generated and dynamically recombined by knowledge, produces knowledge and is feed by knowledge itself, both codified and tacit. For those reasons, the paper is motivated to understand how IC can represent valuable knowledge and how it can turn into innovation, through KM and practices. It is also voted to stimulate literature on understanding how innovation can serve E capabilities for firms’ business models, as innovation is not necessarily linked to a technological breakthrough. IC is functional to KM practices, as entrepreneurs can use IC and knowledge as a strategic management toolbox to innovate. Design/methodology/approach The main aim of the paper is to understand the state of the art on these central issues in KM literature. The paper uses a structure literature review (SLR) methodology, gathering papers by Scopus database for the period 2000–2019, on the relationship between KM and IC and E. The second aim is to understand for future research how do managers use IC as an opportunity to innovate and as a vehicle to transfer knowledge. The authors wondered about the qualification/quantification of “knowledge” as a crucial component of IC, which is in turn the riskier, but the more representative, a component of intangibles assets in the era of knowledge. Findings As for the first research question, the findings show that, actually, as the research has been started, IC, KM and E are still engaged separately by scholars, even if few efforts to match them together have been performed. The results depict a general fragmented and unsystematic vision of the relationship between the three topics. As for the future of the research about these topics, the authors found that scholars should catch the opportunity to go beyond the traditional theoretical mainstream on these issues. There is an urge to move the focus of KM and IC research toward new models of their interconnection, by including the social capital, namely, knowledge capabilities (explicit or not), etc., which are able to turn knowledge in innovation and competitive advantage, from an accounting perspective (recognizing IC’s components affecting the performance of firms, among which knowledge is the most important) and from a theoretical point of view (reducing the misalignment between the epistemological concept of KM requirements and the effective perception of organizational KM activities to extract value from KM initiatives). Research limitations/implications The results, even if suffering from some limitations due to the performing of the methodology, offers several implications for academic research. The future of KM of the IC resources is clearly likely to lie on the recognition of the component of knowledge, as well as on the recognizing of new forms of social capital such as entrepreneurial capital, which is connected to innovation and creativity and firm value. An integrative framework of IC measurement should be built to link IC with KM and E. This is to guarantee that the measurement of IC does contribute to the efficiency and effectiveness of KM. Practical implications Practical contribution to accounting perspective. In fact, the relations between these three topics could be highly beneficial to validate, in the dynamic societies and organizations, how it is important the entrepreneur’s learning process and its content is fundamental in the quest for new business opportunities/innovations, stated that learning is a crucial factor for entrepreneurial activity and has a structural impact on business models of industrial organizations. The difficulty to recognize in the balance sheet human capital relation could be limited by the introduction of the component of KM practices codification and E attitude and influence to operate this transformation of human capital in organized structural capital. The authors would not give the solution to that problem. The authors just want to address the discussion. Social implications The inspiring conclusion from previous studies is to think in a new way at the role of knowledge-based IC in organizational E. Starting from the assertion that knowledge-based process of innovation and E are linked, it can be tested, also from case studies help or empirical application that organizations with a pleasant level of IC are more likely to be more innovative and in conclusion, have a higher market value. Originality/value The main contribution of this paper is to afford for the first time, to the best knowledge, an SLR on the interaction in literature among KM, IC and E, simultaneously, to understand where literature research actually is focusing and to lead future thoughts, at a managerial level, toward the interacting implications of KM and IC on value creation by innovation, which is one stream E literature. Although recently scholars have been concerning more empirically about the relationship between KM, IC and E, they are more focused on theoretical aspects than about new ways to look at IC. The future of KM and IC research is clearly likely to lie on the recognition of the component of knowledge, as well as recognizing new forms of social capital such as entrepreneurial capital, which is connected to innovation and creativity. An integrative framework of IC measurement through KM should be built to link IC measurement with KM. This is to guarantee that measurement of IC does contribute to the efficiency and effectiveness of KM practices.
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Jordão, Ricardo Vinícius Dias, and Jorge Casas Novas. "Knowledge management and intellectual capital in networks of small- and medium-sized enterprises." Journal of Intellectual Capital 18, no. 3 (2017): 667–92. http://dx.doi.org/10.1108/jic-11-2016-0120.
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Purpose The purpose of this paper is to propose a theoretical-conceptual model supporting the analysis of the effects of small- and medium-sized enterprises (SMEs) networks on knowledge management (KM) and intellectual capital (IC). Design/methodology/approach The paper reviews literature on KM, IC and networks theories. The role of SMEs networks on KM and IC was discussed, analysing previous studies that supported the proposition of the model in question. In such model SMEs networks are seen as knowledge networks which are analysed in terms of the network formation process, the context, the strategy, the organisational culture and the stimuli for the sharing of knowledge. KM is observed in terms of knowledge creation, systematisation and sharing. Finally, IC encompasses human capital, structural capital and relational capital. It is noteworthy that KM and IC were considered deeply and closely related. Findings The conclusions obtained help to fill an important gap in the management, accounting, KM and IC literature, showing that the processes of creating, acquiring, maintaining, systematising and sharing information and knowledge and IC generation in SMEs networks can be influenced by the network formation process, by the organisational context, as well as by the strategy, organisational culture and stimuli to sharing knowledge. Research limitations/implications The paper provides a theoretical contribution by increasing understanding of the effect of SMEs networks on KM and IC practices – an understanding still at the early stages in the literature. Moreover, the originality of the model proposed extends the relevance of this research, as the literature does not contain a sufficiently established and tested approach that simultaneously provides a clear view of the relations between SMEs, networks, KM and IC, highlighting how SMEs can use networks as a strategy to achieve a more effective management of the knowledge assets forming IC. So, the paper offers several avenues for future research. Practical implications Based on previous empirical research, it was perceived that the original model presented in this paper is consistent, collaborating to improve management practice, providing a competitive benchmarking process. This can allow analysts, managers and other decision makers, by using SMEs networks to improve organisational performance, innovation, sustainability, competitiveness and value. Originality/value The paper presents an innovative theoretical-conceptual model focussed on the role of SMEs networks on KM and IC, indicating a strong link between the former and the latter in such enterprises in terms of performance, innovation, sustainability, competitiveness and value, an issue whose understanding, although quite relevant, is still incipient in the literature.
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Husakovska, Tetiana O., and Leonid O. Sviatnyi. "Intellectual Capital as an Economic Category." Business Inform 1, no. 564 (2025): 435–40. https://doi.org/10.32983/2222-4459-2025-1-435-440.
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The aim of the article is to survey the existing approaches to defining the economic content of intellectual capital and its components, as well as their role in the efficient functioning of enterprises. Intellectual capital is a key factor in the successful operation of enterprises in the context of the modern knowledge economy. The study of this conception has undergone three stages: the definition and identification of the components of intellectual capital, the development of methods for its assessment, and the examination of its impact on the productivity of the enterprise and the possibilities for practical application. The main components of intellectual capital are considered: human, structural, and relational capital. Human capital encompasses the knowledge, skills, and competencies of employees; structural capital includes organizational processes, management mechanisms, and information systems, while relational capital pertains to the interaction of the company with clients and other internal and external stakeholders. It is defined that the role of intellectual capital lies in creating additional value, enhancing the efficiency of the enterprise, and strengthening the competitive positions of the latter. Investments in intellectual capital are strategically important for enterprises as they ensure long-term sustainability and competitiveness. Despite the complexity of the financial assessment of these assets, they play a critical role in shaping the company’s value and its market positions. Therefore, efficient management of intellectual capital is a necessary condition for the successful functioning of modern enterprises. Prospects for further research have been identified, particularly the integration of digital technologies, the development of efficient knowledge management methodologies, and the impact of intellectual capital on the sustainable development of the economy.
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Balcerzyk, Robert, and Jan Žukovskis. "Intellectual capital management of an organization surrounding VUCA." Scientific Papers of Silesian University of Technology. Organization and Management Series 2023, no. 178 (2023): 59–71. http://dx.doi.org/10.29119/1641-3466.2023.178.3.
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Purpose: The main purpose of the research presented in the article was to diagnose the intellectual capital management process in small and medium-sized enterprises in the Lower Silesian Voivodeship. To achieve this goal, the first part of the article explains the meaning of the term „intellectual capital" based on the scientific literature in the field of management, and then, based on the conducted research, an attempt was made to answer the following questions: which factors determine the process of „intellectual capital management" and what benefits it brings it to companies. Design/methodology/approach: For the research presented in the article, an analysis of the literature in the field of intellectual capital management, knowledge management and competence management was used. Literature studies also concerned secondary sources, which were messages from studies of a similar scope. The use of various research methods allowed to obtain a broader context of the studied phenomenon and ensured a higher quality of research. This differentiation was aimed at obtaining consistency of empirical grounds for inference. The diagnostic survey was adopted as the leading method. Other methods used in the work performed auxiliary (supplementary) functions. Findings: „Intellectual capital management" in the global economy is a resource of strategic importance affecting the market value of the organization itself and providing a competitive advantage. Building a significant intellectual capital of an organization in the VUCA environment requires the use of appropriate methods and tools supporting management, systematic measurement, constant comparison with the competition, elimination of barriers to knowledge sharing. Research limitations/implications: In the future, research will be continued on a larger research sample Practical implications: The article presents the results of research conducted among several dozen small and medium-sized enterprises in Lower Silesia. The research is of a pilot nature, but the research results are very interesting and encourage research on a larger scale. They are a valuable source of information for managers responsible for creating the intellectual capital of the organization in terms of acquiring and sharing knowledge. In turn, for people responsible for recruiting employees, the results may be useful in developing a candidate profile, in particular when identifying key competences of knowledge workers. The results also indicate the demand of the Polish market (especially medium-sized companies) for IT infrastructure that enables the acquisition, processing and collection of information. Originality/value Based on empirical research, the article proposes an original set of system solutions in the field of human capital management to improve the functioning of the organization in the VUCA environment. Keywords: intellectual capital management, knowledge management, human capital. Category of the paper: Research paper.
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Arefiev, Serhii, Anzhela Lelechenko, Olena Arefieva, and Samira Piletska. "Intellectual capital and its significance for ensuring economic stability and national security." Ukrainian Journal of Applied Economics and Technology 2024, no. 3 (2024): 208–14. http://dx.doi.org/10.36887/2415-8453-2024-3-36.
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In today’s context of globalization and rapid technological development, intellectual capital has become a crucial resource for ensuring economic stability and national security. Unlike traditional factors of production such as land and labor, modern economic models are based on knowledge, innovation, and technology, which drive countries’ competitiveness in the international arena. Intellectual capital encompasses all intangible assets that create added value, including knowledge, skills, patents, technologies, organizational culture, and more. Its importance to national security is underscored by the necessity to foster innovation, cybersecurity, and effective management of information resources in the face of modern threats. It has been demonstrated that the introduction of new technologies and product development significantly boosts economic activity, which in turn stimulates the creation of new jobs. Employment levels increase, and the overall well-being of the population improves. Intellectual capital provides the foundation for the development of new defense systems, cybersecurity, the protection of intellectual property, and strategic risk management. Economic stability is a critical indicator for any country, as it determines the population’s standard of living, the competitiveness of enterprises, and resilience to global crises. It has been established that the weighted distribution of each element’s contribution to national security is based on various factors: cybersecurity (25%), protection of information resources (20%), the role of science (20%), defense capability (15%), and strategic risk management (20%). Protecting intellectual property, including patents, copyrights, and trademarks, becomes a key factor in preserving scientific and technological achievements and preventing industrial espionage. Keywords: intellectual capital, economic stability, national security, innovation, human capital, information security, structural capital, enterprises.
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Lentjušenkova, Oksana, and Inga Lapina. "The transformation of the organization’s intellectual capital: from resource to capital." Journal of Intellectual Capital 17, no. 4 (2016): 610–31. http://dx.doi.org/10.1108/jic-03-2016-0031.
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Purpose Over the last three decades, the role of intellectual capital (IC) in ensuring an organization’s competitiveness has increased significantly. The purpose of this paper is to analyse and evaluate the evolution of the concept of (IC) by showing its transformation from resource to capital, while offering a new perspective on the structure of (IC). Design/methodology/approach The formation and development of (IC) is studied on the basis of literature review, logical and comparative analysis. The new structural components of (IC) are defined upon studying the relationships of the relevant concepts and the content of the concept at organizational level today. Findings In the scientific literature, (IC) is mainly viewed as a resource or set of resources an organization uses for creation of competitive advantage and value. Using the information gathered about different views on (IC), this study shows the development of the sources of the organization’s competitiveness: from resource to (IC). Research limitations/implications This study offers the authors’ view on the nature of the concept of (IC) showing (IC) as a business asset. The analysis of the concept is focused at organizational level. Originality/value The study explains the differences between the interrelated concepts: knowledge, competence, performance and (IC). The authors offer an improved definition of (IC) by showing the evolution of its content and offer their own approach to the structure of (IC) that might facilitate tracking this asset in the organization’s accounts and promote effective management of the asset.
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Mohamed, Mona A. "The Role of Information Technology in the Advancement of Multinational Corporations’ Intellectual Capital." International Journal of Productivity Management and Assessment Technologies 1, no. 3 (2012): 1–17. http://dx.doi.org/10.4018/ijpmat.2012070101.
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The article provides a systematic multidisciplinary framework that defines the role of Information Communication Technology (ICT) in leveraging Intellectual Capital (IC) across borders and between headquarters and subsidiaries of Multinational Companies (MNCs). In reaching this goal, this article investigates the strategic importance and value of ICT in the management of IC within MNC ecosystem. More importantly, the paper addresses the transubstantiation of MNC into boundaryless Global Knowledge-Based Organization (GKB-MNC) which ultimately propagates into Learning MNC (LMNC). The latter is a proposed MNC type that sustains competitive advantage through systemic adoption of “Knowledge Iterative Supply Network (KISN)” model proposed by the author. Furthermore, the article suggests a new multinational ICT/IC governance strategy that handles the emerging complexities associated with the modern intangible assets reuse, synthesis and synergy. In effect, these complexities originate from the introduction of functionalities such as just-in-time knowledge supply, elicitation of tacit knowledge, and leveraging of the core competencies for the creation and maintenance of geographically distributed value proposition.
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KOVTUNENKO, Yurii, and Iryna BOCHEVAR. "Management of the intellectual capital of the enterprise in times of great changes." Economics. Finances. Law 12/2023, no. - (2023): 77–80. http://dx.doi.org/10.37634/efp.2023.12.15.
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Intellectual capital is an important element of forming the competitiveness of economic systems at all levels of management. Intellectual capital is a concept that indicates the importance of knowledge, intellectual resources and skills to achieve success in various phenomena. This includes all intangible assets that are delivered to organizations or individuals. The paper shows that the correct management of intellectual capital allows to improve technical and economic results and to compete decently in a certain segment of the market in unstable conditions. Management of intellectual capital of enterprises is reduced to effective management of data, information and intellectual tasks of the organization. This includes creating, using, protecting and maximizing the value of intellectual assets such as patents, brands, know-how, technology and of course human capital. Stimulating the creative potential of employees, active use of information and analytics for decision-making, as well as effective management of the situation within the organization helps to create a sustainable competitive advantage and promote innovation. The use of special knowledge and practical skills, the use of scientific discoveries has a positive effect on the expansion of innovative developments within the enterprise and increases the overall level of competitiveness. The concept of "intellectual capital" is considered as the acquisition of new knowledge, skills and experience that ensure the economic sustainability of the enterprise. On the basis of the studied material, management principles are highlighted regarding the movement of intellectual capital and its components during the economic instability of the functioning of enterprises. The priority directions for improving the intellectual capital management of the enterprise in conditions of strategic changes are formulated.
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Tonis, Radu Bucea Manea, and Cezar Braicu. "Present and perspectives of the intellectual capital management in Romanian university environment." Independent Journal of Management & Production 10, no. 5 (2019): 1645. http://dx.doi.org/10.14807/ijmp.v10i5.924.
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The theory of organizational learning seems to be practical when researchers can find connections between two or more variables that can be justified and implemented. The term “intellectual capital” has appreciated over time acquiring a growing value. Work based on sustained learning contributes to the development of the intellectual capital not only of the employers, but also of the universities. In the current period of “knowledge economy” and “corporate university” development, the creation and evaluation of knowledge are recognized as important and necessary to be included in the educational programs. Knowledge management regards tacit and explicit knowledge. During the theoretical training, students mainly access information in written or verbal format, transmitted mainly on the teacher-student communication channel. During practical activities and mutual interactions, students agree to the informal knowledge, highly sought after by employers. In this paper, we will deal mainly with the ways of coding the information of statistical interest, which will be subject to a meta-level coding at the programming languages level, applicable to the analysis of the central trend and the shape of the data series distribution by estimating the parameters of the regression equation. According to the analysis, it results that in the absence of some measures to stimulate birth rate or attract foreign students, the Romanian higher education will register a considerable decline compared to the reference period in terms of the number of enrolled students.
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O'Connor, Allan, Kai Du, and Göran Roos. "The intellectual capital needs of a transitioning economy." Journal of Intellectual Capital 16, no. 3 (2015): 466–89. http://dx.doi.org/10.1108/jic-08-2014-0097.
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Purpose – Developed economies with high-cost environments face industrial transitions from scale-based manufacturing (MAN) to knowledge, technology and intangible asset-based sectors. The purpose of this paper is to examine the changes in employment and value-adding profiles of transitioning industry sectors in Australia and discuss the implications for policy that influences the intellectual capital (IC) profile of industrial sectors in transition. Design/methodology/approach – The approach borrowed concepts from the firm-level strategic management literature and applied them to a macro level of industry analysis. In this paper the authors examine the transitions in the Australian economy which, due to a rising cost base, is experiencing a decline in its value chain-oriented MAN sector. The authors contrast four industry sectors with the MAN sector and examine the different value creation models. Findings – The findings clearly show how the contribution to employment and value added (termed Economic Value Contribution ) of the different sectors vary. The authors extend these findings to a discussion on policy and the dimensions of IC that may have a role to play in facilitating transitions within an economy. The main conclusion is that a more rapid transition and higher value may be created if innovation and entrepreneurship are facilitated by targeted policies in transitioning sector. Research limitations/implications – This work is based on a single country analysis of selected industry sectors. Further work needs to be done across many more countries to contrast the findings across nations/regions that differ in industrial complexity and to refine the analytical framework to improve construct validity and increase analytical power. Practical implications – This work has implications for policy-makers facing the challenges of a transitioning economy, whether national or regional. Governments that are hands-on with respect to interventions to salvage and/or extend the life of sectors are at risk of missing opportunities to build the capacities and capabilities of emerging sectors while those governments that are hands-off, deferring to market mechanisms, risk transitions that are too little and/or too late to maintain a national or regional competitiveness. Originality/value – To the authors knowledge, this is the first attempt to integrate the specific firm-level strategic management perspectives, used in this paper, with the macro-policy level to examine industry sectors with the twin metrics of economic productivity and employment in transitioning economies.
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Smriti, Neha, and Niladri Das. "The impact of intellectual capital on firm performance: a study of Indian firms listed in COSPI." Journal of Intellectual Capital 19, no. 5 (2018): 935–64. http://dx.doi.org/10.1108/jic-11-2017-0156.
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Purpose The purpose of this paper is to examine the effect of intellectual capital (IC) on financial performance (FP) for Indian companies listed on the Centre for Monitoring Indian Economy Overall Share Price Index (COSPI). Design/methodology/approach Hypotheses were developed according to theories and literature review. Secondary data were collected from Indian companies listed on the COSPI between 2001 and 2016, and the value-added intellectual coefficient (VAIC) of Pulic (2000) was used to measure IC and its components. A dynamic system generalized method of moments (SGMM) estimator was employed to identify the variables that significantly contribute to firm performance. Findings Indian listed firms appear to be performing well and efficiently utilizing their IC. Overall, human capital had a major impact on firm productivity during the study period. Furthermore, the empirical analysis showed that structural capital efficiency and capital employed efficiency were equally important contributors to firm’s sales growth and market value. The growing importance of the contribution of IC to value creation was consistently reflected in the FP of these Indian companies. Practical implications This study has robust theoretical grounds and employs a validated methodology. The present study extends knowledge of IC among academicians and managers and highlights its contribution to value creation. The findings may help stakeholders and policymakers in developing countries properly reallocate intellectual resources. Originality/value This study is the first study to evaluate IC and its relationship with traditional measures of firm performance among Indian listed firms using dynamic SGMM and VAIC models.
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Wójcik, Mirosław. "Structural capital and its importance for the intellectual capital of an organization." e-mentor 92, no. 5 (2021): 61–68. http://dx.doi.org/10.15219/em92.1543.
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This article aims to confirm the thesis that structural capital (SC) is a framework for intellectual capital (IC) in an organization, which allows proper configuration of intangibles. Therefore, in the resource-based view, it determines its strategic character. Realizing such a goal, the author pays attention to the nature of relations and connections of individual components of IC, indicating that the SC is the key factor creating intangible assets of the organization as a source of gaining competitive advantage. The reason for taking up this issue is that, despite years of discussion in the field of IC, there are still unanswered questions concerning the management of an organization’s IC, especially its planning and development. The defined knowledge gap concerns the source of strategic characteristics of IC, which, according to the resources-based view, are its rarity, originality, and the inability to be substituted or copied. The ability to shape the strategic value of intangibles makes this source itself a strategic resource and identifying it can change the way we understand IC. To achieve the paper’s aim and fill the knowledge gap, the author asks whether SC can provide the characteristics of IC mentioned above and whether the strategic character of IC can be achieved independently of SC. The review and theoretical considerations are based on the analysis of the literature on IC and selected issues that are not directly related to IC, but of which the subject touches on the intangible assets commonly considered to be components of IC, such as the issue of functional stupidity, knowledge management, or resource theory. As a result of the analysis of features and characteristics of SC, the author concludes that SC is responsible for the efficient use of relational capital and human capital potential and thus is a strategic factor shaping IC as a source of achieved competitive advantage. The topic has important practical implications because by confirming the strategic role of SC, indicates the sources of effective creation of IC and its potential. The discussion also identifies directions for further research on this issue, especially the operationalization of IC and its analysis in organizations’ internal structures.