2008, Volume XIII, nº 3
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- What are the organizational conditions for learning and knowledge management? Evidence from large spanish firmsPublication . Vivas-López, Salvador; Santonja-Gómez, FranciscoThe phenomena of globalization and the intensification of change mean that firms increasingly require an internal climate that fosters the genesis and application of new knowledge. If the firm's objective is to achieve continuous learning, organizational variables and managerial purpose are essential for access to superior knowledge assets. This study takes an in-depth look at the relationship between a political phenomenon (knowledge management) and a natural one (organizational learning) within a particular organizational framework. The aim is to obtain evidence of the effect of organizational variables on learning and knowledge from the perspective of large Spanish firms.
- Management control of intangiblesPublication . Martins, Júlio Paulo da SilvaThis paper analyzes the importance of management control on the intangible elements considering its contribution for value creation. Some intangible evaluation models and methodologies are discussed, taking into consideration their utility. A new methodological framework that considers the objectives of management control as well as its applicability is presented.
- Review of guidelines for the intellectual capital statement : how to manage and communicate the company's knowledgePublication . Fijalkowska, JustynaWe have entered the Knowledge Era in which the basic economic resource is knowledge, also called Intellectual Capital (IC}. In order to effectively manage companies that are increasingly based on intangibles, it is necessary to measure these resources. Moreover, once measured, the effects should be communicated, as measurement without any further action has no sense. Most of the resources that create value for a company are totally omitted or under-evaluated by accounting; therefore, they are beyond control and beyond management. The most important way to overcome this problem is to implement an IC statement that visualizes the actions and their effects concerning the development of a company's knowledge resources and value creation. This paper aims to analyze the development of guidelines on the Intellectual Capital (IC) Statement by providing a comparison of existing guidelines and presenting their significance.
- Valuation and optimization of the impact of intellectual capital on organizational performancePublication . Bilich, Feruccio; Silva, Ricardo daIntellectual capital is the pre-eminent resource for creating economic wealth. Tangible assets such as property, plant and equipment continue to be important factors in the production of both goods and services. However, their relative importance has decreased over time as the importance of intangible, knowledge-based assets has increased in developing and maintaining a competitive advantage, value creation and competitiveness. This paper prescribes policies for optimizing intangible assets such as Intellectual Capital or, in other words, how and where the organization should invest, with minimum effort, in order to improve its market value and competitiveness in the technology-driven world.
- Exploring intellectual capital in a call centre through a 'system dynamics' resource based viewPublication . Bivona, EnzoThis paper examines alternative Intellectual Capital (IC) investment policies in a dynamically com plex system in order to explain differences in firm performance. The analysis is supported through the use of a System Dynamics (SD) simulation model. This paper is based on the hypothesis that in order to explain superior performance, it is not sufficient to look at the endowment of strategic resources; it also requires an analysis of the dynamics of resource accumulation and depletion processes, which stem from management policies. To assess the impact of ICon company performance, a conceptual framework and an SD simulation model are developed. Finally, the results from alternative scenarios are presented.
- Determining knowledge-intensive companies acquisition value for M&A purposes : an intellectual capital approachPublication . Alves, João MarceloThe acquisition price of knowledge-intensive companies in an M&A deal depends largely on the resultant operating synergies, i.e. the potential value knowledge companies can bring to the acquirer's existing businesses through the combination of both firms' assets. The value of knowledge companies basically resides in their innovation potential and human capital competencies. These intangibles are part of knowledge companies' intellectual capital, which is generally seen by market-established firms as the least resource- and time-consuming route to innovation. In this paper the author provides an alternative approach to valuation in order to assess the purchase price of a knowledge company in a merger or acquisition context. In particular, he analyzes the additional value a knowledge-intensive company can bring to the acquiring firm and how much of that value should be retained by the acquirer.