Intellectual Capital: Realizing Your Company's True Value by Finding Its Hidden Brainpower

Amazon.com

In a corporate world where true value is no longer determined by physical assets alone, but instead by a combination of material and nonmaterial resources, businessman Leif Edvinsson and journalist Michael Malone propose a new way to bridge the gap between balance sheet and organizational reality. In Intellectual Capital: Realizing Your Company's True Value by Finding Its Hidden Brainpower, they explain why today's companies must take intangibles seriously--and how to measure them so they can.

Book Description

One of the greatest challenges facing any business today is the gap between its balance sheet and its market valuation. This gap, representing the bulk of a company's true value, consists of indirect assets -- organizational knowledge, customer satisfaction, product innovation, employee morale, patents, and trademarks -- that never appear in its financial reports.

Only in the last few years have companies and academics around the world tackled the challenge of measuring this "Intellectual Capital." And no company has taken IC measurement as far as the Swedish financial services company Skandia, which in 1995 published the world's first IC annual report. The executive who led the team, the first-ever director of Intellectual Capital, was Leif Edvinsson.

Now Edvinsson has teamed up with noted business author Michael S. Malone to write the first book that explains the workings of IC measurement and its usefulness to the modern corporation. Intellectual Capital is also the first book ever to present a universal IC measurement and reporting system.

And that's only the beginning. The authors also show how IC measurement can be used in any organization, including government agencies and nonprofit institutions; they present a simple new measure as a yardstick to compare the IC value and efficiency of different organizations; and finally, they propose a new kind of IC "stock market" exchange.

Intellectual Capital will transform the nature of doing business by establishing the real value of enterprises for those who manage them, work in them, and invest in them. The result will be a revolutionary transformation of the modern economy.

Highly readable and engaging, Intellectual Capital will prove to be one of the landmark business books of this decade.

Customer Reviews:

Superb Representation of the Breadth and Depth of IC.......2003-08-10

Edvinsson and Malone do an excellent job with a complex and relatively esoteric topic. The authors have created an enviable work and set up the foundation for companies and managers to act accordingly.

tapping human resorces in central asia.......2002-01-17

Its difficult to tap the exact talent in a thickly populated country with disturbed economy and democracy.Knowledge based industry cannot achive a break until unless manupulation is stopped in higher grades.Priority must be given to the basic human/mankind nature instead of mechanical approaches.There is a greater necessity of real/civilised kings instead of lion/uncivilised kings.

The Skandia Market Value Model.......2001-08-26

Intellectual capital is a truly critical topic for twenty-first century business. As known, the subject of intellectual capital appeared on the business world in the 1990s. Patrick H.Sullivan writes, in his 'Value-Driven Intellectual Capital,' "this history actually began in the early 1980s, as managers, academics, and consultants around the world began to notice that a firm's intangible assets, its intellectual capital, were often a major determinant of the corporation's profits...By the mid 1990s it was becoming clear that there were two separate but related paths of thinking about intellectual capital. One path, the knowledge and brain power path, focused on creating and expanding the firm's knowledge. The other path, the resource-based perspective, was concerned with how to create profits from a firm's unique combinations of intellectual and tangible resources."

In this context, by proposing a new intellectual capital measurement and reporting system, Leif Edvinsson and Michael S.Malone elaborate the Skandia Model. According to this model, Skandia divides market value into financial capital and intellectual capital. Intellectual capital is further divided into:

1. 'Human Capital.' The combined knowledge, skill, innovativeness, and ability of the company's individual employees to meet the task at hand. It also includes the company's values, culture, and philosophy. It cannot be owned by the company.

2. 'Structural Capital.' Brands, trademarks, written procedures for processes, and everything else of organizational capability that supports those employees' productivity-in a word, everything left at the office when the employees go home. Structural capital also includes customer and organizational capital, representing the external and internal focus, respectively, of structural capital. Organizational capital consists of innovation and process capital. Process capital is the sum of know-how that is formalized inside the company: manuals, best practices, intranet resources, project libraries are all part of the process capital. Innovation capital is what creates the success of tomorrow: it is the source of renewal for the whole company, and it includes intellectual assets and intellectual property. Unlike human capital, structural capital can be owned and thereby traded.

Finally, they argue that "rather than replacing the current financial measurement system, the product of generations, Intellectual Capital measurement in fact complements and augments it. Orthodox accounting has found its way again. It is relevant once more to our future. And thus the work of much of the last millennium is made ready for the next."

Highly recommended.

Interesting journey into the hidden assets of organisation.......1999-06-18

The hidden truth of harnessing knowledge within the organisation has been lucidly explained. This is of more relevance in the present IT revolution, where the synthesis and analysis of domain knowledge plays a crucial role. Ultimately this intellectual capital is what makes a country strong in economy. In a sense this can also be linked to collapse of the asian market (asian tigers) which was just a production economy, but not an intellectual economy. The policies in these economies in hand with the conglomorates never gave an opportunity to harness the human capital, which was a serious drawback.

Public policy makers, governments etc., should make a note of this. It is not just important to open up the economy, but it should give a serious try to harness its underlying human capital.

An Accurate Approach to Intangible Assets.......1998-08-27

This is an excellent books that explains how to fill the gap between the book value of corporations and their market value. This gap, represents the bulk of a company's real assets which consists of organizational knowledge, customer satisfaction, product innovation, employee morale, patents, and trademarks. However these so-called "intangible assets" never appear in financial statements. That explains why they are often overlooked and undermanaged.

In a straight forward language and concepts, Leif Edvinsson tackles the real source of wealth creation in today's learning corporations. He defines what is really meant by "Intellectual Capital", how it is classified, how it is measured, and how it can be used to create wealth to stockholders.

In today's rapid changing and turbulent technological environment, this book is an essential reading for those managing any kind of organizations today. Many CEOs are finding the hard way, that Intellectual Capital is transforming the nature of doing business by establishing the real value of enterprises for those who manage them, work in them, and invest in them The result is a whole new way in performing in an emerging information economy where brick and mortar corporations certainly are out of place.

Book Description

The Tax Policy and Economy series presents new research bearing on the effects of taxation on economic performance and analyzing the effects of potential tax reforms. Research results are, presented in a timely and accessible fashion.

Volume 4 includes contributions by Glenn Hubbard, Lawrence Goulder, Lawrence Summers, Daniel Feenberg, and Eytan Sheshinski.

Lawrence H. Summers is Professor of Economics at Harvard University and Research Associate at the National Bureau of Economic Research.

Book Description

This Lawcode is the first Armenian legal text to cover secular as well as ecclesiastical matters. Although the Armenians had been concerned with canon law since the fifth century, secular law was not codified until Greater Armenia was under Muslim domination. Mxit'ar Gosh began his work in 1184 in an attempt to provide Armenians with a comprehensive code based on traditional practice. He did not use the Greek and Syrian lawcodes that were being translated into Armenian during his lifetime. Mxit'ar's code formed the basis for all later Armenian lawcodes, both that of Smbat in Cilican Armenia and those adaptations used in the diaspora farther afield.
This lawcode has never before been translated into any western language. The commentary identifies Mxit'ar's sources, and the introduction places his work in its historical and literary contexts. This book will be of particular interest to historians of the Near East in medieval times, to scholars of Armenian literature, and all those interested in Eastern Christian culture.

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Rural England 1086 1135 a Study of Socia
Reginald Lennard
Manufacturer: Clarendon Pr
ProductGroup: Book
Binding: Paperback
ASIN: B000OKSY5Y

Book Description

This book examines the causes of genetic diversity within and between populations, species formation and multiplication and the association of species in communities. It also discusses reproductive patterns in relation to the integrated control of breeding systems and chromosomes behaviour. The ideas presented link fields of biology usually treated separately, which are relevant to population genetic, cytogenetic , ecological and evolutionary studies. This revised edition includes significant advances in the fields of plant genetics and cytogenetics and a greater emphasis on long term evolutionary processes.

Book Description

This book gives an overview of statistical turbulence-modelling with applications to oceanography and limnology. It discusses how these models can be derived from the Navier-Stokes equations, step by step simplifications result in models applicable to numerical simulations for realistic solutions. Results from one-dimensional simulations are shown for various oceanic and limnic water column studies. The integration of these turbulence models in three-dimensioanl models is discussed and some selected results are shown. The two-equation turbulence models prove to be a good compromise between accuracy and economy are published as a FORTRAN source code on the internet in the framework of the General Ocean Turbulence Model (GOTM) - see URL: http.//www.gotm.net. This web site also provides forcing and validation data for several idealized scenarios. The book and the home page enables graduate students and researchers to understand the theory and provides tools for the models.

Applied Turbulence Modelling in Marine Waters

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Applied Turbulence Modelling in Marine Waters
Axel Gross
Manufacturer: Springer-Verlag New York, LLC
ProductGroup: Book
Binding: Paperback
ASIN: B000MVDCDY

Book Description

Semiconductor Micromachining - Fundamentals and Technology - is a two volume work in which, for the first time, the various disciplines associated with the theory and practice of device fabrication are brought together in one comprehensive reference source. Volume 1 contains a detailed coverage of semiconductor electrochemistry and physics whilst Volume 2 describes the wide range of microengineering technologies with details of practical applications. The authors for each chapter have been carefully selected for their expertise and are acknowledged leaders in their respective fields. The purpose of this book is to enable workers in the area of semiconductor micromachining to have ready access to the basic literature, essential to provide a solid basis for the many different aspects of physics, chemistry, electronics and engineering involved with this technology. The main focus of the book is on structures based on silicon, the most common and versatile of the current range of commercially available semiconductors, but other materials such as III-V semiconductors are also considered. Together these two volumes provide an indispensable reference text for this fast growing area of applied science. It will be of value to a wide range of academic and industrial scientists, technologists and engineers who wish to expand their knowledge in this area of science and for whom thus far, there has been no convenient reference work. Volume 2: Techniques and Industrial Applications

Book Description

During her weekly trip to the library with her mom, Anna stops to use the bathroom, and accidentally gets locked in! She unsuccessfully tries to squeeze under the door, and in the process, looses her shoe on the outside. Suddenly, a boy pokes his head under the door, offering Anna her lost shoe. When he doesnand#146;t manage to open the door from the outside, he is able (with Annaand#146;s help) to squeeze under the door, and together Anna and her new friend Peter read Annaand#146;s library books while waiting for someone to rescue them. Language Notes Text: English (translation) Original Language: Dutch See all Editorial Reviews

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Encerrada (Anna's Tight Squeeze)
Marian De Semt , Marian De Smet , and Laura Emilia Pacheco
Manufacturer: Altea
ProductGroup: Book
Binding: Hardcover

General | Literature | Children's Books | Subjects | Books

General | Infantil y juvenil | Libros en español | Formats | Books

Book Description

Ana goes with her mother to the library and quickly finds the books she was looking for. While her mother is taking longer, Ana needs to go to the bathroom in a hurry. She goes, but quickly learns that the door is broken and gets stuck inside. Find out all she has to do in order to get out. This picture book is part of a series that represents the best of European Children's Literature by renown and award-winning illustrators from Belgium. Its content and the quality of the illustrations make this book very fascinating to children.

Description in Spanish: Ana va con su mamá a la biblioteca.
Ella ya encontró todos los libros que buscaba.
Pero su mamá tarda mucho en encontrar los suyos, y Ana necesita ir al baño con urgencia...

Este título representa lo mejor de la literatura infantil europea actual. Su contenido y la calidad de sus ilustraciones, además de su encuadernación en tapa dura y su impresión a color, hacen que este libro sea muy atractivo para los niños.

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Tight Squeeze
Richard Enders
Manufacturer: Pocket
ProductGroup: Book
Binding: Paperback

Contemporary | General | Literature & Fiction | Subjects | Books
ASIN: 0671436309

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Tight Squeeze
Roy; Renault, Roy Debussy
Manufacturer: Brookwood Publishing
ProductGroup: Book
Binding: Hardcover
ASIN: B000KTPCIG

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Tight Squeeze

Manufacturer: Dell
ProductGroup: Book
Binding: Paperback
ASIN: B000G1YXQK

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Hip Mom-lit

What fun!

Easily recommended.

Light reading for pregnancy

Tight Squeeze (Motherhood Club)
Debbie Digiovanni
Manufacturer: Howard Books
ProductGroup: Book
Binding: Paperback

Contemporary | General | Literature & Fiction | Subjects | Books
Friendship | Women's Fiction | Literature & Fiction | Subjects | Books
Fiction | Literature & Fiction | Christianity | Religion & Spirituality | Subjects | Books
General | Fiction | Religion & Spirituality | Subjects | Books
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Reality Queen (Motherhood Club)

ASIN: 1582294259

Book Description

Having an overachieving super mom for a neighbor is a source of constant struggle for Becca Joy. In comparison, her household seems little more than organized chaos.

Even with a supportive husband and great kids, she is relentlessly weighed down by questions of adequacy. Her life seems fatiguing, and a glance in the mirror doesn't do much to cheer her up.

Then comes a voice from the past that puts fresh wind in her sails. Her best friend from high school comes to town and the two women rekindle their bond with a girls' night out and embark on a series of adventures that ultimately bring Becca to a new place of contentment.

Customer Reviews:

Hip Mom-lit.......2006-09-20

I"m neither married nor pregnant but reading about Becca Joy's (i love that name) situation was a fun ride. I could relate with her about her relationship with her sister. The children are not annoying and the husband actually helps out around the house instead of acting clueless. Also reading about the spa trip was fun since I've always want to go to one but havent' had to the chance too. A way to live vicarously through the characters. My only gripe is the perfect neighbor. While there's nothing wrong with seeing someone who appeares to have it all together, Becca's neighbor seemed a little too perfect. By the end of the story there appears to be not one single flaw with her. That didn't seem real. Other than that a great fun read for anyone who enjoys light chick/mom-lit.

What fun!.......2006-04-12

Tight Squeeze was a breeze to read! The characters were modern and real as was the zippy dialogue.

The main character, Becca, is delightful in her quirkiness and very believable. No stiff Churchlady fiction, but a great story with modern twists and turns. Debbie Digiovanni is a gifted writer with a sharp sense of humor-Excellent!

Easily recommended........2005-07-22

Debbie Digiovanni creates an engaging, light-hearted story in Tight Squeeze. With entertaining family situations and the initial shock of being pregnant with a fifth child, this story brings many chuckles and maybe a tear or two over some tender moments. A great read for any woman expecting a baby, or a mother looking back at those wonderful memories of pregnancy and motherhood.

Light reading for pregnancy.......2005-05-04

TIGHT SQUEEZE BY DEBBIE DIGIOVANNI is a delightful little novel about the saga of being a mother. Any mother can identify with the specific trials and tribulations of Becca who finds herself pregnant with her fifth child when her first is nearing the end of high school. Wanting to run away from it all she retreats to her schooldays friend whose footloose and fancy free lifestyle looks so very appealing. Together on an escape vacation they face good and bad memories while planning to look great for their high school reunion. The novel follows the pregnancy and the mid-life crisis of self doubt which Becca faces as she grows "fatter." While following her escape dreams she finds her true self and the joy of motherhood with all the trials children of every stage of life bring and is able to face caring for her new baby with the original thrill she felt on her first day of being a mother. Throughout her growth her husband and family are both trying and supportive, as realistic as all families. The book is one every mom will identify with and will bring smiles and tears.

This book is a selection of the new Mothehood Club "Making a Difference One Kiss at a Time" an innovation of Howard Publishing Co

A tight squeeze;: Or, The adventures of a gentleman : who, on a wager of ten thousand dollars, undertook to go from New York to New Orleans in three weeks, without money, as a professional tramp

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A tight squeeze;: Or, The adventures of a gentleman : who, on a wager of ten thousand dollars, undertook to go from New York to New Orleans in three weeks, without money, as a professional tramp
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Manufacturer: Charles T. Dillingham
ProductGroup: Book
Binding: Unknown Binding
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Walt Disney Presents Winnie-the-pooh . a Tight Squeeze

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Walt Disney Presents Winnie-the-pooh . a Tight Squeeze

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ProductGroup: Book
Binding: Hardcover
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Walt Disney Presents Winnie-the-Pooh- A Tight Squeeze. A story by A. A. Milne

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Walt Disney Presents Winnie-the-Pooh- A Tight Squeeze. A story by A. A. Milne

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ProductGroup: Book
Binding: Hardcover
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Walt Disney Presents Winnie-the-Pooh...a Tight Squeeze
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