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CHAPTER 4 : K-ACQUISITION, Type of Intellectual capital - Coggle Diagram
CHAPTER 4 : K-ACQUISITION
K- ECONOMY
WHY K-ECONOMY?
Rationales for the K-economy
To achieve sustainable rapid economic growth
To seek higher value-added
To sustain competitiveness
The impact of globalization
The need to seek new sources of growth
Changing fundamental sources of wealth
Knowledge and communication
Not dependent on natural resources
Less physical labor
Co-exist with agriculture and industry
DEFINITION
knowledge, creativity and innovation play an ever-increasing and important role in generating and sustaining growth.
:pencil2: Production, distribution and utilization of knowledge contribute/ catalysts of growth and wealth creation in the economy.
the use of knowledge technologies (such as knowledge engineering and knowledge management ) to produce economic benefits.
An economy driven by knowledge and innovation
Eg.:SMEs in Malaysia, emphasis is on upgrading their technological capabilities to enable their integration into the global production network.
The acquisition, utilization and dissemination of knowledge provide the basis for growth.
K-COMPANY
Reasons to have knowledge company
To achieve sustainable rapid economic growth
To seek higher value-added
To sustain competitiveness
The need to seek new sources of growth
The impact of globalization
How?
Mining valuable details
Making a business out knowledge
Running simulations
Aware and involved in deeper level of value of information
Phases of Knowledge production and dissemination
16th-17th Century
18th-19th Century
20th Century
21th Century
Digitized Knowledge Society
Information and Knowledge Society
Industrial Society
Age of Reason
KNOWLEDGE WORKER
Continuously learning worker
Provide the brain
K-CAPITAL
INTELLECTUAL CAPITAL
IC can be defined as intangible assets such as information
Knowledge that can be leveraged by an organization to produce asset of equal or greater importance than land, labor and capital.
IC is the asset within the organization that operates to fulfill the needs and wants of their customers.
This asset makes the organization valueable in the eyes of their stakeholders and customers
Any asset that cannot be measured but is used by a company to its advantage
Three type of intellectual capital which is Human capital, Structural capital and Customer capital
HUMAN CAPITAL
Human capital refers to knowledge, education, work competence, and psychometric evaluations (Namasivayam & Denizci, 2006).
A collection of features, life trade, knowledge, creativity, innovation, and energy, which people invest it in their work (Weatherly, 2003).
Stock of productive skills and technical knowledge embodied in labor
2.Thinkers, Inventors, Innovators
3.Not money, not machine
4.Hired mind, not hired hand
5.Organizational, not individua
CUSTOMER CAPITAL
-The value of an organization’s relationships with the people with whom it does business, or the value of its franchise, its ongoing relationships with the people or organizations to which it sells
Examples of customer capital:
corporate brand
customers
customer loyalty
distribution channels
STRUCTURAL CAPITAL
Structural capital is any tool, process or information that helps a firm to retain knowledge or use it to achieve objectives.
For instance : Data Data such as a list of customers.
Type of Intellectual capital
