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Intellectual Capital in Action. Edition No. 1
VDM Publishing House, Jan 2009, Pages: 200
There is often much hype about the espoused benefits
of new ways of operating and the Intellectual
Capital (IC) paradigm is not immune to this.
Benefits from a lower cost of capital and increased
share prices to improving communication with
stakeholders have often been lauded as some of the
reasons of managing IC in both private and public
organisations. But often the benefits of managing IC
are not realised and as a result the take-up of IC
management practices in organisations has been slow.
This monograph critically explores the IC paradigm
by examining IC theory in action in several
different settings. It provides insight into how IC
management practices can be implemented into
organisations, offers a critique of the espoused
benefits of IC management practices and identifies
innovative ideas on how IC practices might change if
the IC paradigm is to survive. The end result is a
renewed discourse between academics and
practitioners on how IC theory can be turned into
practices that facilitate change and have a lasting
impact on organisations.
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