Based on theoretically and empirically robust human capital theory, we define intellectual. Capital is not something wed normally associate with teaching. A very effective way to start unearthing the intellectual capital is. Intellectual capital key questions and answers found in the literature source. The effect of intellectual capital on organizational. The journal of human resource and adult learning vol. To better understand this process, this article serves as an introduction to intellectual capital theory and research. Intellectual capital is considered as the knowledge, skills and practical experience, which are implemented through the intellectual activity of persons.
The impact of intellectual capital on organizational performance. Many teachers find the concept of capital a difficult. The disclosure of intellectual capital will be analyzed using three theories. A theory of intellectual capital louise harris, 2000 sage journals.
It introduces a framework for understanding the contribution of nursing knowledge within an organization. The theory of intellectual capital has emerged in the past decade in response to the growing realization of the importance of information and knowledge because ntellectual capital was first conceptualized during the same time period that the ideas of knowledge management and human capital became an important part of organizational discussion. They are stakeholder theory, legitimacy theory and signaling theory. The theory of intellectual capital has emerged in the past decade in response to the growing realization of the importance of. Booker1, nick bontis1 and alexander serenko2 1degroote school of business, mcmaster university, hamilton, ontario, canada. Karanja ngugi department of accounting and finance kenyatta university kenya citation. Use features like bookmarks, note taking and highlighting while reading intellectual capital. Intellectual capital in tourism smes in azad jammu and kashmir, pakistan muhammad khalique, khushbakht hina, t.
Rising healthcare costs and advances in technology have contributed to the need for better understanding of the influence of nurses knowledge, skills and experience on patient and organizational outcomes. By continuing to use our website, you are agreeing to our use of cookies. Intellectual capital is a set of non financial,non physical resources that procures a copmpetitive advantage for the enterprise jussupova, mariethoz and probst, 2007. This is all the money your company has access to and the valuation of everything it owns. Intellectual capital is the foundation of all thought leadership campaigns. The theory of intellectual capital has emerged in the past decade in response to the growing realization of the importance of information and knowledge because ntellectual capital was first. The theory proposes nursing human capital, nurses knowledge, skills and experience, is related to the quality of. Stewart demonstrates how knowledgenot natural resources, machinery, or financial capital has become the most important factor in economic life. Intellectual capital the commitment and competence of workers is embedded in how each employee thinks about and does work and in how an organization creates policies and systems to get work done. The main aim of this study was to examine the effect of the components of intellectual capital on the organizational performance of smes operating in tourism sector at. Intellectual capital refers to the intangible assets that contribute to a companys bottom line.
The journal publishes original research and case studies by academic. A theory of intellectual capital louise harris, 2000. Genesis of the theory of intellectual capital and its. A study in economic theory and policy, the economic journal, volume 86, issue 342, 1 june 1976, pages we use cookies to enhance your experience on our website. There is no commonly agreed definition of intangibles the. Intellectual capital key questions and answers found in the literature. Using data on 51 firms traded in the egyptian exchange from 2014 to 2016, this paper aimed to assess the efficiency of corporate governance cg and intellectual capital pdf 271 kb revisiting intangible capital and labour productivity growth, 20002015.
Journal of intellectual capital capital intelectual. Intellectual capital is just like this but instead of money, its the total of a companys knowledge. General interest commercial construction gambling industry industry forecasts intellectual property intellectual capital models study and teaching. It encompasses theoretical and practical knowledge needed for the delivery of care.
This paper presents the operationalization of concepts in the nursing intellectual capital theory and the results of a methodological study aimed to empirically validate the concepts. Based on theoretically and empirically robust human capital theory, we define intellectual capital as individuals complementary capacity to generate added value. Human capital resides within the employee and is loaned to the organization. Lepak and snell, 1999 and utility theory stigler, 1950a, 1950b. This paper is a report of the development of the middle. Evaluating the effects of organizational learning on. Pdf critical issues of intellectual capital theory in transitional. The concept of intellectual capital is different from the concept of human capital, with definitions of the most varied and the most complex concepts related both to the concept of intellectual capital and to the concept of human capital. Social capital, intellectual capital, and the organizational advantage janine nahapiet templeton college, university of oxford sumantra ghoshal london business school scholars of the theory of the firm have begun to emphasize the sources and conditions of what has been described as the organizational advantage, rather than focus on. The theory of intellectual capital has emerged in the past decade in response to the growing realization of the importance of information and knowledge because ntellectual capital was first conceptualized during the same time period that the ideas of knowledge management and human capital became an important part of organizational discussion, now more than ever, it is essential to clarify, define, and differentiate the concept of intellectual capital this chapter summarizes current theories. Procedia social and behavioral sciences 221 2016 194 a 202 hypothesis 4. Genesis of the theory of intellectual capital and its importance in modern. They are all factors which tend to get overlooked because they are intangible and do not show up on a balance sheet. Derived from intellectual capital theory, which is grounded in the fields of economics and accounting, the nursing intellectual capital theory conceptualizes the stocks of.
Under stakeholder theory, an organization management is expected to take an activities expected by their. Consequently, the impact of intellectual capital on organizational performance is high, allowing the validation of the assumed association in 201 luminita maria gogan et al. The theory also proposes that two concepts in the work environment, nurse staffing and employer support for nursing continuing professional development. Dec 18, 20 the relation between resource based view and intellectual capital theory. Nursing intellectual capital theory is a middlerange theory as it is composed of a limited number of concepts and propositions which can be measured and tested in different contexts fawcett, 1998. The relationship of nursing intellectual capital to the. Data were gathered from 356 employees working in manufacturing companies in jordan. The resourcebased view rbv of a firm has been developed for over 30 years. Jun 07, 2015 intellectual capital is the foundation of all thought leadership campaigns. Intellectual capital is the intangible value of a business. Managing intellectual capital intellectual capital management is the active management of intellectual capital resources with multiplicative effects. Oct 25, 2011 purpose knowledge management km and intellectual capital ic are believed to influence each other, and the relationship between the two constructs is of vital importance to organizational effectiveness.
This is why very often individuals who are the most difficult to replace in the company, and who hold high value, are those who have created high levels of social capital through the communities and groups in which they interact. This briefing will follow the approach adopted by the meritum guidelines for managing and reporting on intangibles and will use intangibles and intellectual capital interchangeably. The theory also proposes that two concepts within the work environment, nurse staffing and employer support for nursing continuing professional development influence nursing human capital. This study explores decision models for investments in human capital from two perspectives. The purpose of this paper is application of intellectual capital ic approach for developing a strategic management model as a means of. Resources are then perceived to be both tangible and intangible. Nov 16, 2012 the nursing intellectual capital theory proposes that the stocks of nursing knowledge in an organization are embedded in two concepts, nursing human capital and nursing structural capital. A significant contribution to the development of the theory of intellectual capital. The nursing intellectual capital theory defines nursing human capital as the nursing knowledge that resides within the nursing staff.
However, the development of the theory of intellectual capital has in recent years been guided by the ideas and thoughts of influential authors and practitioners, including kaplan and norton 1992, sveiby 1997, stewart 1997, edvinsson and malone 1997, brooking 1997 and many others harris, 2000. Characteristics of intellectual capital although intellectual capital is similar to tangible assets in its potential for generating future cash. The nursing intellectual capital theory conceptualizes nursing knowledges influence on patient and organizational outcomes. Accounting for the crisis and economic recovery in the eu.
For all other assets of a company, there exists standard criteria for expressing their value. Intellectual capital is the intangible value of a business, covering its people human capital, the value relating to its relationships relational capital, and everything that is left when the employees go home structural capital, of. Intellect the power or faculty of the mind by which one knows or understands, by which one feels and by which one wills. Origin and evolution investments on productivity and profitability, journal of learning and intellectual capital, 33, 233248. A primer on intellectual capital asian development bank. During this time, it has been both widely taken up and subjected to criticism. Social capital, intellectual capital, and the organizational. The schemes that can be applied singly or across the three types relate to 14value creationthe strategic generation of knowledge and its conversion into valuable forms. Pdf nowdays intellectual capital has become one of most important resources which provide sustainable. First, intellectual capital is a firms only appreciable asset. Visionary in scope, intellectual capital is the first book that shows how to turn the untapped knowledge of an organization into its greatest competitive weapon. Houston has relied heavily on intellectual capital to leverage their makeover. Social capital, intellectual capital, and the organizational advantage janine nahapiet templeton college, university of oxford sumantra ghoshal london business school scholars of the theory of the firm have begun to emphasize the sources and conditions. The relationship of nursing intellectual capital to the quality of patient care and the recruitment and retention of registered nurses christine l.
Intellectual capital theory defines human capital as the knowledge, talents and experience of employees stewart, 2001. Covell doctor of philosophy lawrence bloomberg faculty of nursing university of toronto 2011 abstract to ensure quality patient care hospitals invest in nursing intellectual capital by allocating. This includes anything that isnt physical that adds to the productive capacity of a firm. This knowledge capital is commonly referred to as a firms intellectual capital ic. Intellectual capital is the intangible value of a business, covering its people human capital, the value relating to its relationships relational capital, and everything that is left when the employees go home structural capital, of which intellectual property ip is but one component. The new wealth of organization kindle edition by stewart, thomas a download it once and read it on your kindle device, pc, phones or tablets. This pdf gives you the longer chunk of text about pierre bourdieu and james coleman, as referred to there. These assets include the expertise of employees, organizational processes, and sum of knowledge contained within the organization. The relation between resource based view and intellectual capital theory. Emerald journal of intellectual capital information.
Dec 15, 2015 a bibliometric analysis of research on intellectual capital in healthcare. Social capital theory an overview sciencedirect topics. The relevance of knowledge management and intellectual. Relational capital is the external linkage of the company with suppliers and customers that enables it to procure and sell goods and services in an effortless manner. The term intellectual capital collectively refers to all resources that determine the value of an organization, and the competitiveness of an enterprise. European journal of business management, 21, 161180. In this article we seek to contribute to this body of work by developing the following arguments. Understandably, the term intellectual capital from a human resources perspective is not easily translatable into financial terms. The original idea of capital comes from the economic sector, and whether you are warren buffett or adam smith or karl marx, one part of the idea is basically the. A very effective way to start unearthing the intellectual capital is to decide on the broadbased audience clients. Coefficient provided a historical background of the origins of the concpet of intellectual capital and identified different models and methodologies that had evolved. In terms of the organization, the human capital theory and human resource management raises a number of issues, namely. The nursing intellectual capital theory proposes the stocks of nursing knowledge within an organization are embedded in two concepts, nursing human capital and nursing structural capital. Nursing intellectual capital theory is composed of two interdependent concepts, nursing human capital and nursing structural capital.
The impact of intellectual capital on organizational. In this article, intellectual capital is seen as complementary capacities of competence and commitment. Intellectual capital the body of knowledge, which is available to an organization through its employees, as well as in the form of methodologies, patents, architectures and communications. Definitions in 1997, thomas stewart published intellectual capital and wrote, intellectual. A firms ic is made up of human, social and structural capital innovation and process capital edvinsson and malone 1997. Critical issues of intellectual capital theory in transitional countries l.
The following are the primary types of intellectual capital. Pdf nursing intellectual capital theory semantic scholar. Bourdieu on social capital theory of capital social. Based on theoretically and empirically robust human capital theory, we define intellectual capital as individuals complementary capacity to generate added value and thus create wealth.
Bourdieu on social capital theory of capital pierre bourdieu 1930 2002 was a french sociologist and public intellectual who was primarily concerned with the dynamics of power in society. Intellectual property is the value of a company or organizations employee knowledge, skills, business training or any proprietary information that may provide the company. Nursing intellectual capital theory the nursing intellectual capital theory was developed by using the strategies of theory derivation outlined by walker and avant 2010. Intellectual capital is a phrase covering corporate brainpower, information technology, and relationships with customers and suppliers, all of which influence a companys ability to make money. Intellectual capital theory of entrepreneurship dr. The economic theory foundation of hrd supports the discussion of both individual and corporate models of investments in human capital, and the intellectual capital architecture model. Understanding the various effects that exist among intellectual capital, knowledge sharing, and organizational performance is the main purpose of this study. In search of an intellectual capital comprehensive theory.
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