By Belen Vallejo-Alonso
The worth of intangible resources has turn into more and more famous in recent times, regardless of the problems fascinated by the identity, dimension and monetary valuation of intangibles.Identifying, measuring, and valuing knowledge-based intangible resources: new views highlights the significance of intangible assets in company administration, the necessity for a strategic research that allows them to be pointed out and assessed, and suggestions to those demanding situations. aimed toward executives, practitioners, teachers and scholars, this e-book demonstrates new versions and techniques that let growth to be made at the job of intangibles administration, that is the basic resource of wealth within the wisdom financial system.
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Extra info for Identifying, Measuring, and Valuing Knowledge-Based Intangible Assets: New Perspectives (Premier Reference Source)
I am a thing that thinks, a substance of which the whole nature or essence consists in thinking, and which needs no place or material think for its existence. ” Thus, the Cartesian doubt contributed in a definite way to this general perspective that ‘mind’ and ‘body’ are and operate as two distinct entities, and only the ‘mind’ is responsible for knowledge generation and knowledge processing. Thus, knowledge is a field of concepts and ideas, produced in a rational way. In the Japanese tradition, there is a strong emphasis on the ‘oneness of body and mind’.
Operational capabilities refer to a firm’s skill or capacity in using both tangible and intangible resources in an integral way to create goods and services. A synonym that is frequently used to describe the same concept is competences. By contrast, dynamic capabilities refer to high level activities that reflect the management capacity to sense and seize opportunities. 54) emphasizes, “Dynamic capability is a meta-competence that transcends operational competence. It enables firms to not just invent but also to innovate profitably”.
The value system works like a kernel of our personality, being deep rooted in our education from early childhood. This is a system of evaluative beliefs concerning the relative worth of a person, place, event or thing. We are born in a given cultural matrix and we receive all these cultural, ethical, moral and religious values from family, school, church, community, university and company. Values are learned, usually from people whom we love, respect or highly trust. Many of us might therefore look upon the altering of a value system not only as a rejection of a specific value, but also as an unconscious rejection of the person from whom we learned that value.