June 15, 2013

Managing your intellectual capital

The management of an organizations asset has become a HOT topic these days. It’s not a passing trend in my opinion because a lot of what I have come across in journals and books on the subject. An asset for an organization is no longer a physical asset as it used to be in the past. There is a huge difference between the frame of mind of an organizations management in the past and today.

Today’s management realizes that its intellectual capital requires much more attention as compared to its physical assets. A majority of renowned authors agree that in order to gain competitive advantage in today’s global market it is important to manage an organizations intellectual capital.

Harvesting the knowledge in the brains of the workers and using it for innovative new services and products is a norm these days. The challenge for companies is the way in which they harvest this knowledge.

Blogging and having an IT system which store this knowledge for future workers seems to be the most reliable ways of assuring the knowledge will be made available to everyone.

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