Implications of Intellectual Capital on Human Resources Management

Better Essays
TITLE: IMPLICATIONS OF INTELLECTUAL CAPITAL ON HUMAN RESOURCES MANAGEMENT

TABLE OF CONTENTS

1. Introduction pg 3
2. Elements of Intellectual Capital pg. 3
3. Preserving Intellectual Capital pg. 4
4. The Importance Of Implementing Intellectual Capital Processes pg. 4-5
5. The Value Factor pg. 5
6. Employee and Management Training & Development pg. 5 -6
7. Capture Process pg. 6
8. Socialization of Knowledge pg. 6
9. Strategies for Implementing Intellectual Capital Knowledge pg. 6-7
10. Examples of the effect of IC components on and HRM. Pg. 7-8
11. Future research pg. 9-10
12. Conclusion pg. 10
13. References pg. 11

INTRODUCTION

The term “Intellectual Capital” collectively refers to all resources that determine the value of an organization, and the competitiveness of an enterprise. Understandably, the term “intellectual capital” from a human resources perspective is not easily translatable into financial terms. For all other assets of a company, there exist standard criteria for expressing their value. Perhaps, this term could more appropriately be called a “non-financial asset.” In an article written by Paolo Magrassi titled "Taxonomy of Intellectual Capital”, 2002, Mr. Magrassi defines human capital as “the knowledge and competencies residing with the company’s

You May Also Find These Documents Helpful

  • Good Essays

    Topic: Knowledge Management and Intellectual capital AUTHORS: D GUPTA B PRUDHVI M KIRAN REDDY Abstract: Knowledge is something that comes from information processed by using data. It includes experience, values, insights, and contextual information and helps in evaluation and incorporation of new experiences and creation of new knowledge. People use their knowledge in making decisions as well as many…

    • 2575 Words
    • 11 Pages
    Good Essays
  • Good Essays

    Intellectual Capital

    • 14400 Words
    • 58 Pages

    Understanding corporate value: managing and reporting intellectual capital Intellectual capital Contents 1 Introduction 4 2 Definitions of intellectual capital 6 2.1 2.2 Classifications of intellectual capital Why is intellectual capital so difficult to measure? 3 IC measurement 8 Generic models 3.1 Balanced scorecard 3.2 Performance prism 3.3 Knowledge assets map approach Individual company models 3.4 The Skandia navigator 3.5 Ericsson’s cockpit communicator…

    • 14400 Words
    • 58 Pages
    Good Essays
  • Powerful Essays

    Intellectual Capital

    • 8980 Words
    • 36 Pages

    1.1. Definition of intellectual capital and a brief history of IC management Before someone can measure something, he/she has to know what to count. So how should intellectual capital be defined? A universally accepted definition is the first step toward standardization, but still it is hard to find the best one for "intellectual capital". In this section I 'll define intellectual capital and study the history of its development. Intellectual capital is knowledge that can be exploited for…

    • 8980 Words
    • 36 Pages
    Powerful Essays
  • Good Essays

    Intellectual Capital

    • 858 Words
    • 4 Pages

    Intellectual capital-Tomorrow’s assets, today’s challenge Executive summary Abstract This report has the following objectives: Defining the intellectual capital; exploring how to change the tacit knowledge into intellectual knowledge; suggesting how to turn intellectual capital into revenue; highlighting the intellectual management in enterprises. With increasing emphasis on that intellectual property is the greatest asset, this report also investigates the ways to protect intellectual capital…

    • 858 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Human Capital Management

    • 3412 Words
    • 14 Pages

    Faculty of Administrative Science & Policy Studies Universiti Teknologi MARA Executive Masters of Administrative Science EMA 700: HUMAN CAPITAL MANAGEMENT Assignment submission: Question 3 Individual Assignment NURUL AINA JOHARI 2012560701 MAY 2013 Declaration I hereby declare that the work contained in this research proposal is my own except those which have been duly identified and acknowledged. If I am later found to have plagiarized or to have committed other forms…

    • 3412 Words
    • 14 Pages
    Powerful Essays
  • Good Essays

    all times try to stay within the labour laws of the country which have specific conditions that each company must follow or will be in breach of the law and will face serious consequences based on these breaches. Thus it is important for the human resource department to be current in labour and company law to guide their company in the right direction. Base on the Title VII of the Civil Rights Act of 1964 it can be stated that at first observation the company did not violate any of the acts requirement…

    • 642 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    HUMAN CAPITAL MANAGEMENT

    • 409 Words
    • 2 Pages

    HUMAN CAPITAL MANAGEMENT (HCM) DEFINATION Human capital management (HCM) is an approach to employee staffing that perceives people as assets (human capital) whose current value can be measured and whose future value can be enhanced through investment. An organization that supports HCM provides employees with clearly defined and consistently communicated performance expectations. Managers are responsible for rating, rewarding, and holding employees accountable for achieving specific business goals…

    • 409 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Human Capital Management

    • 3306 Words
    • 11 Pages

    Running head: HUMAN CAPITAL MGMT P I5P Human Capital Management Key Assignment Colorado Technical University June 22, 2016 HRMT620-1402B-02 Dr. David Gliddon P5 IP Human Capital Management Key Assignment Business leaders today know that organizations hold three kinds of resources: financial, physical and human (Huang, Roy, Ahmed, Heng, & Lim, 2002). However, management often overlooks human resources because it cannot…

    • 3306 Words
    • 11 Pages
    Powerful Essays
  • Best Essays

    HUman CApital Management

    • 4521 Words
    • 19 Pages

    EVOLUTION OF APPRAISAL TO INDIVIDUALIZED PERFORMANCE MANAGEMENT TOWARDS THE HUMAN RESOURCE PLANNING PROCESS TABLE OF CONTENTS Abstract 2 1.0 Introduction 2.0 Body 2.1 A critique of the appraisal system 3 2.2 An evaluation of the process that enabled the performance system to develop 4 2.3 An evaluation of the issues of how the workforce could be included in this process 7 3.0 Conclusions 10 4.0 References 16…

    • 4521 Words
    • 19 Pages
    Best Essays
  • Good Essays

    Human Resources Management

    • 7415 Words
    • 30 Pages

    Economics and Management Sciences Vol. 1, No. 4, 2011, pp. 01-11 MANAGEMENT JOURNALS managementjournals.org HUMAN RESOURCE MANAGEMENT CHALLENGES IN NIGERIA UNDER A GLOBALISED ECONOMY Francis C. Anyim Ph.D1, Cyril Oseloka Ikemefuna2 and Samuel E. Mbah3 FCIPM, FNIM, FABS, FCAI; Department of Industrial Relations and Personnel Management, Faculty of Business Administration, University of Lago. E-mail: chucksanyim2004@yahoo.com 2 Department of Industrial Relations and Personnel Management, Faculty…

    • 7415 Words
    • 30 Pages
    Good Essays