Please enable JavaScript.
Coggle requires JavaScript to display documents.
CHAPTER 4 - Coggle Diagram
CHAPTER 4
K-Economy
The knowledge economy is a system of consumtion and production that is based on intellectual capital
Example :
SMEs in Malaysia, emphasis is on upgrading their technological capabilities to enable their integration into the global production network.
K-Worker
- Continuously learning workers.
- What people know.
- What people do.
- Provide the brain.
-
K-Capital
Intellectual capital
- 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.
- Human capital
- Structural capital.
- Customer capital
Human capital
- Knowledge, education, work competence, and psychometric evaluations (Namasivayam & Denizci, 2006)
- Neither physical capital nor financial capital. In fact, this capital has been defined as the knowledge, skill, creativity, and health of the individual (Becker, 2002)
- A collection of features, life trade, knowledge, creativity, innovation, and energy, which people invest it in their work (Weatherly, 2003)
Structural capital
Represents the assets that complement the company's human and process capital and enable the creation of value.
Any tools, process or information that helps a firm to retain knowledge or use it to achieve objectives
Sample of structural capital :check:
- Management philosophy
- Methods
- Processes
- Procuders
-
-