Why do you think intellectual capital is so often undervalued or taken for granted as a general manager, what would you do to increase your organization's intellectual capital support your answers with resources solution summary this solution discusses intellectual capital.
In order to understand why intellectual capital is so often undervalued or taken for granted, we must understand what intellectual capital is intellectual capital is the sum of everything and everybody in a company knows that gives it a competitive edge intellectual capital is the knowledge assets of the business or the ideas generated within the business. Increase your organization intellectual capital discuss the below in a 200 words: despite the fact that almost all organizations today declare that people are their most important assets, these words do not always translate into actions.
Intellectual capital can include the skills and knowledge that a company has developed about how to make its goods or services individual employees or groups of employees whose knowledge is deemed critical to a company's continued success and its aggregation of documents about processes, customers, research results, and other information that might have value for a competitor that is not common knowledge.
Our people are our greatest asset: intellectual capital nancy clinton in conclusion intellectual capital is undervalued and often ignored so, where do you stand is it in the complacent school or the inquisitive school all can have a serious impact for customers of the firms affected, so effective risk management is vital new. But all too often, companies overlook it or misunderstand it when, instead, they should be striving to strategically capture it identify building blocks as an example of how intellectual capital figures into a company’s success, let’s take a look at a family-owned business, a small manufacturer and distributor with an enviable record of growth and profits. The intellectual capital of a procurement operation is either an asset to the organisation or it is a liability the overall knowledge of existing intellectual capital is a significant challenge for many procurement managers.
Lectual capital and its management and to discuss how intellectual capi-tal management can be applied in practice in organizations throughout, the reader will be provided with solid and grounded foundations, includ-ing tools and techniques, for crafting an organizational strategy that takes into account intellectual capital. Why do you think intellectual capital is so often undervalued or taken for granted intellectual capital is oftentimes taken for granted or even completely overlooked because companies really do not know how to make the most use of what they do have.
Intellectual capital provides the relevant knowledge and skills required in developing a strong business brand needed to compete on the global scale (adelman, 2010) however, intellectual capital is often undervalued or taken for granted by most organizations for some reasons.
Time to start valuing human capital as an asset on the balance sheet and ceos often talk about employees as their greatest asset, it is time for the 21st century ledger to match current.