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Organizational Capital
Organizational capital is the value to an enterprise which is derived from organization philosophy and systems which leverage the organization's capability in delivering goods or services. Overview Organizational capital is one of the three components of structural capital, itself a component of intellectual capital. But, as with other intangible assets, there is no consensus definition of what this organizational capital is, how to measure it, or how to best quantify its contribution to output (either current or future). Organizational capital was first defined by Prescott and Visscher (1980) to be the accumulation and use of private information to enhance production efficiency within a firm. This capital can be a significant source of firm value. The elements that constitute the organizational capital or capital of the firm, namely its culture, structure, organizational learning, can be a source of competitive advantage. Leif Edvinsson, former head of Intellectual Capital at Skan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Structural Capital
Structural capital is one of the three primary components of intellectual capital, and consists of the supportive infrastructure, processes, and databases of the organisation that enable human capital to function. Structural capital is owned by an organization and remains with an organization even when people leave. It includes: capabilities, routines, methods, procedures and methodologies embedded in organisation. Structural capital is the supportive non-physical infrastructure that enables human capital to function. There are three subcomponents that comprise structural capital: Organizational capital includes the organization philosophy and systems for leveraging the organization’s capability. Process capital includes the techniques, procedures, and programs that implement and enhance the delivery of goods and services. Innovation capital includes intellectual property and certain other intangible assets. Intellectual property includes protected commercial rights such a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Intellectual Capital
Intellectual capital is the result of mental processes that form a set of intangible objects that can be used in economic activity and bring income to its owner (organization), covering the competencies of its people ( human capital), the value relating to its relationships (relational capital), and everything that is left when the employees go home (structural capital), of which intellectual property (IP) is but one component. It is the sum of everything everybody in a company knows that gives it a competitive edge. The term is used in academia in an attempt to account for the value of intangible assets not listed explicitly on a company's balance sheets. On a national level, intellectual capital refers to national intangible capital (NIC). A second meaning that is used in academia and was adopted in large corporations is focused on the recycling of knowledge via knowledge management and intellectual capital management (ICM). Creating, shaping and updating the stock of intellectua ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leif Edvinsson
Leif Edvinsson (born 1946) is a Swedish organizational theorist, Professor at the University of Lund in Sweden and consultant, known for his work on intellectual capital. and knowledge management.Wenger, Etienne, Richard Arnold McDermott, and William Snyder. ''Cultivating communities of practice: A guide to managing knowledge.'' Harvard Business Press, 2002. Life and work Born in Uppsala, Edvinsson made a career at the Swedish insurance company Skandia. In the 1990s there he developed his theories about the hidden value of intellectual capital of Skandia and developed a management model for this value. In 1997 he published the book ''Intellectual Capital: Realizing Your Company's True Value by Finding Its Hidden Brainpower,'' with Michael Malone. In 2001, he was appointed a professor at the University of Lund in Sweden. He also works as consultant for the Swedish government on knowledge and innovation. In 1998, Edvinsson was the recipient of the prestigious Brain of the Y ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Edvinsson, Leif
Leif Edvinsson (born 1946) is a Swedish organizational theorist, Professor at the University of Lund in Sweden and consultant, known for his work on intellectual capital. and knowledge management.Wenger, Etienne, Richard Arnold McDermott, and William Snyder. ''Cultivating communities of practice: A guide to managing knowledge.'' Harvard Business Press, 2002. Life and work Born in Uppsala, Edvinsson made a career at the Swedish insurance company Skandia. In the 1990s there he developed his theories about the hidden value of intellectual capital of Skandia and developed a management model for this value. In 1997 he published the book ''Intellectual Capital: Realizing Your Company's True Value by Finding Its Hidden Brainpower,'' with Michael Malone. In 2001, he was appointed a professor at the University of Lund in Sweden. He also works as consultant for the Swedish government on knowledge and innovation. In 1998, Edvinsson was the recipient of the prestigious Brain of the Yea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mergers And Acquisitions
Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect of strategic management, M&A can allow enterprises to grow or downsize, and change the nature of their business or competitive position. Technically, a is a legal consolidation of two business entities into one, whereas an occurs when one entity takes ownership of another entity's share capital, equity interests or assets. A deal may be euphemistically called a ''merger of equals'' if both CEOs agree that joining together is in the best interest of both of their companies. From a legal and financial point of view, both mergers and acquisitions generally result in the consolidation of assets and liabilities under one entity, and the distinction between the two is not always clear. In most countries, mergers and acquisitions must co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capital (economics)
In economics, capital goods or capital are "those durable produced goods that are in turn used as productive inputs for further production" of goods and services. At the macroeconomic level, "the nation's capital stock includes buildings, equipment, software, and inventories during a given year." A typical example is the machinery used in factories. Capital can be increased by the use of the factors of production, which however excludes certain durable goods like homes and personal automobiles that are not used in the production of saleable goods and services. Adam Smith defined capital as "that part of man's stock which he expects to afford him revenue". In economic models, capital is an input in the production function. The total physical capital at any given moment in time is referred to as the capital stock (not to be confused with the capital stock of a business entity). Capital goods, real capital, or capital assets are already-produced, durable goods or any non-fi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
