It discusses the concept of knowledge management and intellectual capital in order to assist the readers to understand about the topic. Intellectual capital is then combination of human, society and organization capital. In many cases, people dont like to be referred to as capital. The relationship between intellectual capital and business.
After rereading this post i realized some additional insight is needed to better understand these relationships. The underlying assumption of this qualitative research is that absorptive capacity ac can potentiate this relationship between intellectual capital and innovation, enabling firms to achieve better utilization and integration from individual knowledge to collective knowledge. Knowledge is important in intellectual capital that needs to produce highervalued asset. Knowledge management has become increasingly popular as a concept in business and management circles as the following quotes illustrate. The effect of intellectual capital on knowledge management. Purpose this paper aims to give an integrated framework for analysing the main opportunities and threats related to the exploitation of big data bd technologies within intellectual capital ic management. 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. Understandably, the term intellectual capital from a human resources perspective is not easily translatable into financial terms. The term intellectual capital collectively refers to all resources that determine the value of an organization, and the competitiveness of an enterprise. Pdf the relationship between intellectual capital and.
In my previous post i described the relationships between knowledge management km and intellectual capital ic. Intellectual capital is tacit and tacit knowledge cannot be sold no matter how. Intellectual capital has provided evidence on the strategic key intangible resources of the firm, which could be deployed to create competitive advantage. Request pdf relationship between intellectual capital and knowledge management. The relationship between components of intellectual capital. Understanding the difference between information management. Crossfertilization of these concepts in the healthcare domain is lacking, and even in the general literature on ic there has been more focus on the relationships between ic and knowledge management, than on the relationships between ic and other concepts 77, 78.
In this study we suppose that knowledge management system is a facility for developing knowledge in a company. 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. Human capital is related to intellectual capital, knowledge management and or intangible assets via intellectual property, right of patents, trade marks, s and registered design through. Pdf the relationship between intellectual capital and big. Efforts to distinguish the fields of organizational learning, knowledge management, and intellectual capital are rare. An empirical investigation two important streams of the literature have. Purpose knowledge management km and intellectual capital ic are believed to influence each other, and the relationship between the two constructs is of. Not to seem as general declaration, the formula must, besides administrative skills, also include knowledge, innovations and management of intellectual possession, creating correct culture for intellectual capital and synchronization of different programmes into a complex management of intellectual capital as a system. For intellectual capital, three components were studied including. This paper explored the multiple relationships between intellectual capital ic and knowledge management km in an iranian university. Beyond the recent studies on intellectual capital ic, we investigate whether knowledge assets ka moderate the relationship between ic and firm performance fp.
Knowledge management, intellectual capital, mellat bank of semnan. The mediating role of knowledge sharing bader yousef obeidat1, ayman bahjat abdallah1, noor osama aqqad1, abdel hakeem oqlah m. On the relationship between knowledge management readiness. Pdf the effect of knowledge management on relationship. Relationship between intellectual capital and financial. Components of intellectual capital consist of human capital, structural capital and external customer capital. In order to assess the relevance of knowledge managementintellectual capital kmic research, 12 semistructured interviews were undertaken with kmic professionals.
Authors divided citys knowledge capital into the four categories. Study the relationship between intellectual capital. Is there a difference between knowledge management and. Im and km perspectives interplay between information and knowledge from a management perspective the key difference between information and knowledge is that information is much more easily identified, organized and distributed. The extensive framework which shows connections between intellectual capital and other concepts such as management of human resources, knowledge management, learning organizations, strategic management, places intellectual capital at the heart of the new management thinking that reflects on. Moreover, results of correlation analysis showed that there is a significant positive relationship between indicators of the ic human, structural and relational and. The research fields of intellectual capital and knowledge management address such issues as but not limited to the abilities of employees to create and accumulate knowledge, share and apply it.
Intellectual capital, competitive advantage, human capital, organizational capital, relational capital, knowledge based economy. Pdf how intellectual capital mediates the relationship. Abstract two important streams of the literature have examined intellectual capital ic and knowledge management km. The aim of this paper is to examine the relationship between the intellectual capital and the performance of companies operating within the distribution of the drinking water sector in the southwest region of romania. In addition, knowledge management process impacted positively intellectual capital and organization performance and mediated the relationship between knowledge management infrastructure and intellectual capital. Ijikm the role of knowledge management process and. Tangible assets such as property, plants, and equipment continue to be important. It is significant to the resourcebased view of the firm, as dierickx and cool 1989 consider resources as stocks, which cannot be adjusted instantaneously but. The influence of intellectual capital on knowledge sharing. This paper focuses on the importance of the intellectual capital for companies in order to increase organizational performance.
Exploring the relationship between knowledge management and. 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. An empirical investigation, decision sciences on deepdyve, the largest online rental service for scholarly research with thousands of academic publications available at your fingertips. Nov 18, 2017 intellectual capital is the intangible value of a business. At the same time, knowledge management km is recognized as the. The relationship between intellectual capital and organizational intelligence in knowledge based organizations esmaeil balouei1, mehran ghasemian1 1department of financial management, faculty of management, emirate branch, islamic azad university, tehran, iran abstract this research surveys the relationship between intellectual capital and. The following are the primary types of intellectual capital. Table 21 summary results of the regression models between intellectual capital and knowledge productivity due to organizational learning. Finally, we introduce the different levels and approaches of knowledge management. Exploring the relationship between knowledge management and intellectual capital. Intellectual capital ic has been argued as one of the key elements for organizational value creation and has brought drastic productive changes in a competitive business environment. Moreover such sources content value of relationships in the frame of organization and external relationships.
We use the recent data of all australian stock exchange asx listed companies. The relationship between intellectual capital and corporate. Study the relationship between intellectual capital management and entrepreneurship in the employees of municipality district 10 tehran mehdi rouholamini1, ardvan arbabi2 and kaveh azinfar3 1 ass. The finjing shows that there is a significant positive relationship between human capital anj structural capital r 0. The aim is to determine whether the concept of km is a necessary tool for more efficient management in organisations, especially in nigeria. Relationship between intellectual capital and knowledge creation. The rise of the new economy, driven by information and knowledge, has led to an increased interest in.
Studying the relationship between the knowledge management processes and intellectual capital in a knowledge based research center mohammad reza zahedi1, shirin papoli2 1 assistance professor of malek ashtar university of technology, trhran, iran 2 masters degree in industrial engineering of malek ashtar university of technology,trhran, iran. What is intellectual capitaland what is its relationship. However, in a quickly changing competitive market, merely owning knowledge resources does not ensure competitive advantage of the organization given that changes can be disruptive and uncertain. Ic is the organizational value added when the organizations knowledge assets are leveraged. The human interaction is limited to tshaped skills rather than the social interaction among the people. Intellectual capital and knowledge management effectiveness.
Intellectual capital is considered the next step in knowledge management. Relationship between knowledge management and intellectual. The languagebecomes confusing when authors such as nonaka and takeuchi 1995 insist that organizational learning and the knowledge creation process are different concepts. The easiest way to explain it is that all ip is ic, but not all ic is ip.
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 results show that there is a positive correlation between knowledge management and intellectual capital. Understanding the knowledge managementintellectual capital. The survey results indicate that there is significant relationship between intellectual capital and knowledge creation. The world is experiencing a knowledge based economy with a revolution in information technology, innovation, and telecommunications. Knowledge management km and intellectual capital ic are believed to influence each other, and the relationship between the two constructs is of vital. Redefining the relationship between intellectual capital. There is much we can learn in healthcare from seminal works in bodies of. Table 3 shows that, using model 1, all dimensions of intellectual capital were positively and significantly influence on knowledge creation, and explain 55. This defect in the influence of intellectual capital on each of the knowledge management practices in the banking industry is more intense. Investigation of the relationship between dimension of. Knowledge management as a methodology towards intellectual. Knowledge management is a generic description of the culture, processes, infrastructure and technology within an organisation which maintains, grows, and optimises the use of its intellectual capital to deliver the strategic goals of an organisation with measurable financial results in the market place.
Intellectual capital is becoming the preeminent resources for creating economic wealth. It is the sum of everything everybody in a company knows that gives it a competitive edge. Hence this study will try to fill the gap from the perspective of resourcebased view. The impact of intellectual capital on organizational performance. East azerbaijan regional hydrology firm soleyman iranzadeh, houshang taghizadeh, nahideh heydarzadeh department of management, tabriz branch, islamic azad university, tabriz, iran received for publication. The relationship between components of intellectual capital and performance of yazd tile companies fatemeh soheyli1 mahmoud moeinaddin2 shahnaz nayebzadeh3 1,2department of accounting, yazd branch, islamic azad university, yazd, iran safaieeh, shoahadegomnam road, zip code. Centre for business performance, cranfield school of management, cranfield, uk and intellectual capital services ltd, london, uk introduction intellectual capital ic is a key driver of innovation and competitive advantage in todays knowledge based economy teece, 2000. The effect of intellectual capital on organizational performance. Apr 26, 2012 two important streams of the literature have examined intellectual capital ic and knowledge management km. Akhoershiedah2, mahmoud maqableh3 1department of business management, school of business, the university of jordan, amman, jordan.
The relationship between intellectual capital and innovation. This article empirically examines how ic and km affect each other, and also investigates their consequences, viewing three intermediate consequences dynamic capabilities. In order to fully comprehend the difference in perceptions towards the terms of knowledge management and intellectual capital, a deeper dissection both of the terms and of their context development is required. Relationship analysis between intellectual capital and knowledge management case study. An empirical investigation two important streams of the literature have examined intellectual capital ic and. This approaches consider the statistical relationship between the various components of intellectual capital and the level of. Exploring the relationship between knowledge management.
For all other assets of a company, there exists standard criteria for expressing their value. Moreover, an understanding of the relationship of knowledge management with associated concepts, such as organizational learning and the. Now, lets examine what intellectual capital ic is, as well as how it relates to intellectual property ip. Influence of intellectual capital dimensions on knowledge. As few studies have dealt with the relationship between knowledge management readiness and intellectual capital, the purpose of this paper is to determine whether or not there is a significant. Therefore, these results support hypothesis 1, 2, 3. Intellectual capital in context of knowledge management. Drawing on the knowledge based view, the study aims to investigate the impact of knowledge management enablers entrepreneurial orientation and knowledge oriented pdf 401 kb competition between human and artificial intellectual capital in production and distribution in industry 4. Our study focuses on the evaluating intellectual capital methods that allow finding out the most efficient way of intellectual capital management, including investment decision making. Findings results indicated that knowledge management infrastructure had a positive effect on knowledge management process.
The relationship between intellectual capital and corporate performance. Redefining the relationship between intellectual capital and. Knowledge management is an integrated, systematic approach to identifying, managing, and sharing all of an enterprises assets, including databases, documents, policies, and procedures, as well as previously unarticulated expertise and experience held by. This includes anything that isnt physical that adds to the productive capacity of a firm. Feb 07, 2020 intellectual capital identification and evaluation is one of the most important issues in knowledge management. Intellectual capital includes human capital, organizational capital, and the relational capital. Two important streams of the literature have examined intellectual capital ic and knowledge management km. The measureme nt perspective of knowledge page 38 test. Relationship analysis between intellectual capital and. Knowledge management as an important tool in organisational. The effect of intellectual capital on organizational. The principles and practice of knowledge management by martie maria squier submitted in fulfilment of the requirements for the degree of m. The relationship between intellectual capital and organizational innovation among faculty members of international university of yazd, iran 20152016 mohadese fallah tafti msc international university of qeshm, iran mohammad hossein yarmohammadian professor, health management and economics research center, isfahan university of.
Relationship between intellectual capital and knowledge. Knowledge knowledge is a somewhat elusive concept 2 having many. Intellectual capital is the intangible value of a business. Professor, department of business management, islamic azad university babol branch,iran 2 m. There were positive relationships between intellectual capital, ac and innovation in both the qualitative and the quantitative stages of this study, which allows us to infer that, because the company has adopted mechanisms for participative management, implemented an employee incentive system and developed its relations with its stakeholders. In the final section, km as a strategic management tool was presented. The primary objective of the study is to examine the relationship between knowledge management processes and organizational performance, and to analyze the mediating effects of intellectual capital on the relationship between knowledge management. Our first blog in this series introduced why talent development leaders should be interested in learning more about intellectual capital. Investigation of the relationship between dimension of intellectual capital and organization knowledge management case study. The knowledge, knowhow, abilities and creativity of employees.
The impact of intellectual capital on organizational. The relationship between intellectual capital and knowledge. If managers manage knowledge effectively, their organization will enhance their. Read relationship between intellectual capital and knowledge management.
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