Implications of Intellectual Capital on Human Resources Management
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
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