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Essay / Research Paper Abstract
This 8 page paper examines the concept and manifestation of intellectual capital in the commercial environment. The paper defines the term, considers how it may be measures and uses real life examples to illustrate how it can add value to a firm. The bibliography cites 15 sources.
Page Count:
8 pages (~225 words per page)
File: TS14_TEinterlec.rtf
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Unformatted sample text from the term paper:
more than a commodity, it is an essential ingredient of any organisation. Taylor (2004) defines intellectual capital in a broad but useful manner, stating it "refers to a companys intangible
assets that cant be measured the same way physical assets such as real estate, cash flow and equipment are calculated. The knowledge a companys employees have about its products and
services - as well as the companys organizational systems and intellectual property - make up its intellectual capital." (Taylor, 2004; PG). Looking at this we may argue that attempts to
create more tangible measure for these intangibles. There has always been knowledge within a firm, initially before the industrial revolution the critical knowledge would remain with the craftsmen,
then, following the revolution knowledge of how to perform tasks was important to it was transferred to the employers with the deskilling of jobs with scientific management. Today the value
of knowledge has re-emerged during the 1990s as there has been more focus on core competences and the use of resources. Knowledge alone has not been sufficient, it was how
it could be used that was seen to add value. This has necessitated the need for structure. ICT has played a major part in collecting, correlating and helping analysis the
data to transform data or raw knowledge into useable knowledge. The value of these types of assets to an organisation have been
extremely undervalued in the past, until becoming acknowledged in conjunction with information technology revolution of the 1980s and 1990s. The inability
of companies to recognise the value of intellectual capital until recently may have partly been due to the way in which accounts and valuations are compiled and conducted. With little,
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