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Intellectual Capital, by Thomas A. Stewart
Free Download Intellectual Capital, by Thomas A. Stewart
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From Library Journal
A leader in establishing KM's language and terminology, Stewart offers perhaps one of the best expressions of the concept of "intellectual capital," which he defines as "organized knowledge that can be used to produce wealth." The clarity and practical focus of his writing make this work essential reading. (LJ 4/15/97) Copyright 1999 Reed Business Information, Inc.
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From the Publisher
"Every once in a while I have the opportunity to wax rhapsodic--perhaps two or three times every decade--about a management book. Stewart's book provides that rare opportunity. This book is the first to provide a framework, a practical guide, and a theory of the significance of intellectual capital. It is original, refreshing, beautifully written and will likely become the management book of the '90s."--Warren Bennis, distinguished professor of business administration, University of Southern California"Tom Stewart has become a tycoon of intellectual capital, and this work shares the wealth and magnifies it. Buy the book and join the value chain."--George Gilder, author of Microcosm and Life After Television
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Product details
Hardcover: 304 pages
Publisher: Doubleday Business; 1 edition (February 17, 1997)
Language: English
ISBN-10: 0385482280
ISBN-13: 978-0385482288
Product Dimensions:
6.5 x 1.2 x 10 inches
Shipping Weight: 1.3 pounds
Average Customer Review:
4.4 out of 5 stars
15 customer reviews
Amazon Best Sellers Rank:
#1,042,102 in Books (See Top 100 in Books)
A great read for modern business - the key insight is that Ideas are Free - it costs nothing to have a great, marketing dominating IDEA. You just need the right people and the right circumstance - pity that most firms have too few right people and run an operation that does not provide ideas with the best possible opportunity to live and grow.If your assets (people and their knowledge) walk out the door every evening, this is a great book to awake you to the need to provide the reasons for them to come back tomorrow morning !The only problem is that all of this is in the first 60% of the book - the rest is a collection of assorted stuff to fill up the required space.Worth a read - try to borrow a copy - buy a copy if this option fails - it is worth the investment.
Great, thank you !
Stewart, Drucker, Cohen - all these guys are "rock-stars" when it comes to Public Sdminstration books. I am keeping this one in my library.
Very good publication.
Stewart divides his book into three parts supplemented by an afterword and appendix. He examines The Information Age: Context, Intellectual Capital: Content, and The Next Connection. He attempts to "make sense of the dramatically changing world in which we work" by focusing on three separate but related components of the Information Age: Human Capital ("the capabilities of individuals required to provide solutions to customers"), Structural Capital ("the organizational abilities of the organization to meet market requirements...to codify bodies of knowledge that can be transferred, to preserve the recipes that might otherwise be lost"...and "to connect people to data, experts, and expertise -- including bodies of knowledge -- on a just-in-time basis"), and Customer Capital ("the value of an organization's relationships with whom it does business"). Of the three, Stewart considers customer capital "the most obviously valuable" and yet customer capital "is probably-- and startingly when you think about it -- the worst managed of all intangible assets."One of the most important chapters is Chapter 5. "The Treasure Map" contains information which can prove far more valuable to a company than any gold buried by pirates in the Caribbean. As with that gold, however, intellectual capital must first be appreciated; located and recovered; and then organized and managed with meticulous care. Hence the importance of Chapter 9 in which Stewart offers ten principles for managing intellectual capital. Hence the importance, also, of the Appendix in which he provides all the other "tools" needed.Let the digging begin!
It is my great pleasure to write a review for this important book. Over past years a lot of book investigating "the value of human resource as a competitive advantage" in organizations was published but none of them explained us what human resource and value mean in the larger context of competition, what are practical ways to use of this very competitive resource on behalf of the organization. I herald that this book gives the absolute framework we need for a new and comprehensive study on intellectual capital.According to Stewart, Intellectual Capital is consisted of three interconnected parts, namely, Human Capital, Structural Capital and Customer Capital. Human Capital means the knowledge and skill level of corporate personnel. If an organization has a personnel inventory whose knowledge and skills are vital in the long-run, the first part of the capital forms a strong base to capitalize on. The other part of Intellectual capital, Customer Capital, means that organization is producing value for its customers and accordingly custemers have a strong loyalty to the company. The last part of Intellectual capital is Structural capital which connects Human Capital and Customer Capital to each other. Organizations need structural systems to use human resource in order to meet customers' needs and wants in a more effective way which other companies can not imitate without incurring high costs and time loss.You will find a lot of living examples intended to make these abstract concepts understandable to readers who are accomodated to hear many pop-ups regarding human capital and its value. Overall, I strongly recommend with five stars.
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