Managing Intellectual Capital in Knowledge Economy

Abstract

Part 4: Components of Knowledge FlowInternational audienceStrategic Knowledge Management considers Intellectual Capital (IC) as roots of all organizations activities. The success of organizations strongly depends on the way they manage all facets of knowledge and skills. Artificial Intelligence brought some methods and techniques for handling intellectual assets of companies, expertise management, knowledge transfer and training. This paper presents an overview of experiences and research in applying artificial intelligence approaches and techniques for intellectual capital management and gives some perspectives for the future

Intellectual Capital Management and Economic Development in a Quasi-Information Society

“…Also, going by the work of Edvinsson and Bounfour [38], Nigeria would be said to have a lower value at the global development levels because of the fact that its intellectual capital has not create an impetus on the economic development. Hence, the development in Nigeria is questionable as confirmed by the work of Mercier-Laurent [41], and there may be no structural and economic development as affirmed by Pachura [42], and hence, the sustainability of the economy would be a major problem as attested by Makarov [43]. Consequently, one could say that the future of the nation is questionable and needs urgent attention if it must develop and survive in the recent global information economy and society and transformation.…”

“…Marcin [39] and Rusu-Tanasa [40] noted that intellectual capital is a major key factor of socioeconomic development of regions and countries. Mercier-Laurent [41] in trying to investigate intellectual capital management and the economy revealed that the focus on intellectual capital in any economy is due to the fact that it is the root of all organizations' activities which are directly contributors to the nation's economy or GDP. Pachura [42] noted that it aids structural and economic transformation in any nation.…”

“…However, due to intangible nature, its effect on the economy has not been given much attention in developing countries. Intellectual capital forms the basis of the success of the development of countries which calls for the right way of managing the intangible wealth and assets such as the intellectual capital in connection with the tangible ones [41]. Earlier scholars such as Schultz [44] and Becker [45] have noted the effect of education, training, and literacy level which are important intellectual capital indices on economic development of any nation.…”

“…Drucker [46] pointed out that knowledge which is a constituent of intellectual capital is a primary resource and capital for overall economic development having higher value than the traditional land, capital, and labor in the development of economies. Hence, there have been global attention especially among the developed nations on the role of intellectual capital productivity growth and competitiveness and consequently in its contribution to the sustainable long-term economic development of nation [41]. Also, Mercier-Laurent [41] has also noted that communication technology and innovations are also major intellectual capital that could influence economic development of nations.…”

Effective Management of Information Processes with CMS in Smart City. The Concept of Crowdsourcing

“…Wisdom thinking and knowledge can be defined as intellectual capital. This is an extraordinary positive value [30] for the city. Human and intellectual capital translates directly into the civilization level of the area [31].…”