The BUSINESS STRATEGY FoR managing intellectual capital in the new business environment Audrey L. Chin 05 july 2012. Introduction : Knowledge Economy.
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The BUSINESS STRATEGY FoR
managing intellectual capital in the new business environment
Audrey L. Chin
05 july 2012
"The basic economic resource - the means of production - is no longer capital, nor natural resources, nor labor. It is and will be knowledge".
Very few individuals understand intellectual capital, and almost no one has been able, formally at least, to put a value on it .
This is very difficult because “Knowledge” is somehow intangible, so how can an organization maximize the returns on investment in knowledge?
That’s why KNOWLEDGE MANAGEMENT (KM)–
how an organization makes use of its intellectual capital–is one of the greatest challenges facing senior managers today.
The CKOs claimed that in order to succeed in the future, they would need
KM PROJECT #1 WITHIN THE INDUSTRY: APPLYING KNOWLEDGE MANAGEMENT as BUSINESS STRATEGY for DEVELOPING THE RELIABILITY CENTERED MAINTENANCE (RCM) in SURINAME
Next : Implementing the Community of Practice in RCM in an organization