Knowledge capital
Encyclopedia
Knowledge capital is a concept which asserts that ideas have intrinsic value which can be shared and leveraged within and between organizations. Knowledge capital connotes that sharing skills and information is a means of sharing power. Knowledge capital is the know how that results from the experience, information, knowledge
, learning, and skills of the employees or individual
of an organization or group. Of all the factors of production, knowledge capital creates the longest lasting competitive advantage. It may consist entirely of technical information (as in chemical and electronics industries) or may reside in the actual experience or skills acquired by the individuals (as in construction and steel industries). Knowledge capital is an essential component of human capital
.
Knowledge capital at large can be a strong vision, strategic information on market and business model, networks, talent, supply chain, innovation and creativity.
There is also knowledge liability, the unknown concerning future business models, lack of knowledge on product-service, on human potential, on governance and supply chain.
The balance between knowledge capital and knowledge liability equals knowledge equity. Knowledge equity plus emotional equity equals immaterial value of the company (goodwill).
Knowledge
Knowledge is a familiarity with someone or something unknown, which can include information, facts, descriptions, or skills acquired through experience or education. It can refer to the theoretical or practical understanding of a subject...
, learning, and skills of the employees or individual
Individual
An individual is a person or any specific object or thing in a collection. Individuality is the state or quality of being an individual; a person separate from other persons and possessing his or her own needs, goals, and desires. Being self expressive...
of an organization or group. Of all the factors of production, knowledge capital creates the longest lasting competitive advantage. It may consist entirely of technical information (as in chemical and electronics industries) or may reside in the actual experience or skills acquired by the individuals (as in construction and steel industries). Knowledge capital is an essential component of human capital
Human capital
Human capitalis the stock of competencies, knowledge and personality attributes embodied in the ability to perform labor so as to produce economic value. It is the attributes gained by a worker through education and experience...
.
Knowledge capital at large can be a strong vision, strategic information on market and business model, networks, talent, supply chain, innovation and creativity.
There is also knowledge liability, the unknown concerning future business models, lack of knowledge on product-service, on human potential, on governance and supply chain.
The balance between knowledge capital and knowledge liability equals knowledge equity. Knowledge equity plus emotional equity equals immaterial value of the company (goodwill).