Soft assets

Author: Stuart
Publisher:
Publish Date: 2003-04-01
Features: Today's knowledge is an organism, and sharing knowledge is the source of its life. It is the free flow of knowledge that creates wealth for knowledge companies. Facing vibrant knowledge companies and the allure of knowledge management, we need to learn to think from a biological perspective and embrace new ideas. Don't forget that the power of intellectual capital lies in its ability to cultivate thinking capabilities. Always be ready to reconsider your career, your profession, your company's balance sheet, your organizational strategy, and even the market.
Over the past two decades, three important ideas have fundamentally changed the way organizations operate. One is Total Quality Management, the second is Business Process Reengineering, and the third is Intellectual Capital. How to apply the concept of intellectual capital to daily management, achieve countless wealth through more effective knowledge management, and achieve remarkable success in the market—this is a common challenge faced by every company. International Data Corporation estimates that poor knowledge management will cause Fortune 500 companies to waste $12 billion annually. On the other hand, good knowledge management can improve a company's performance and profitability, better utilize liquid assets, and increase future knowledge reserves.