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Journal of Intellectual Capital


The Journal of Intellectual Capital, established in 1999, is a quarterly journal focusing specifically on the management of intellectual capital. It brings together current thinking, research case studies, and expe­rience. The Journal is a prime resource available to help academics, thought leaders, and practitioners create and manage a knowledge­able, coherent, and effective framework and set of practices for their organizations.

Contributors from around the world share their issues, strategies, methodologies, and approaches. The editorial advisory board is made up of many of the leading figures in the field, both academics and practitioners, who frequently provide articles on their new findings and work practices.

Journal coverage spans the full range of creating, extracting, and reporting intellectual capital activity. Articles cover intellectual capital as an economic discipline, looking into the business, legal, financial, and auditing requirements an organization might have. Secondly, they examine how to optimize the value of human, enterprise structure, and customer capital. They also explore tools, techniques, and processes used to identify, manage, and report intellectual capital.

The Journal is published in a print version, with the current and previous volumes accessible online through the publisher at Emerald Fulltext (www. emeraldinsight.co m/ft).

Know Inc. is a portal for a broad array of intellectual capital and knowledge management tools and methodologies. Its goal is to provide the intangible asset community with a workable framework for lever­aging intangible assets. Although emphasizing knowledge management, Know Inc. can serve the valuable function of being a bridge between knowledge management and intellectual capital.

Know Inc. makes available a number of excellent articles and presen­tations by Hubert Saint-Onge and other leaders in the knowledge field. Additionally, it offers a series of toolkits co-developed with Karl Erik Sveiby, Hubert Saint-Onge, and Verna Allee, each of whom has extensive practical experience in this nascent field.

The portal design of Know Inc. will expand over time to allow it to be an enabler of a knowledge network, where practitioners, educators, and consultants can market the practices, methodologies, and tools that they have developed. Its Knowledgeshop makes available an array of books and other items in one space that make it easier to explore and select. It is a space where, increasingly, organizations can evaluate themselves, acquire the tools and professional assistance to assess and leverage their intangible assets, and share their learnings with the emerging knowledge community.

Know Inc. differs from most other knowledge service enterprises in that it offers both explicit, captured knowledge as well as opportunities to develop the social capital of a knowledge community. That makes it a worthwhile resource.

SKANDIA

Skandia, founded in 1855 as a property and casualty insurance company, has since 1991 transformed itself into a highly global insurance and asset management enterprise. An important enabler for that change has been the development of the intellectual capital perspective that Skandia has used to actively nurture, extract, and value its intellectual capital for over a decade.

Skandia's corporate Website is the home of the materials and links that it has used to become a knowledge-intensive, innovative, globally networked enterprise. Many of these materials are accessible either as a download or for purchase. The Skandia Website discusses the processes it implemented to develop its intellectual capital on a daily basis. It outlines how its customer capital, human capital, and organizational capital combine to create capability and value for the company and its stakeholders in ways that go beyond what a review of financial capital would reveal.

Skandia shows how, in the new economy, intellectual capital accounts for the major share of a company's total value. It demon­strates its intellectual capital management practices and a number of tools it created to visualize and report its intellectual capital.

Among these tools are: the Skandia Value Scheme, which shows the building blocks that make up its intellectual capital; the Skandia Navigator, a future-oriented business planning model; and the Dolphin, its PObased business control software package, which is based on the Navigator. Skandia describes these in greater detail in a number of publications, on video and on CD-ROM.

The Website has the company's intellectual capital supplements from the years 1994-8 accessible for downloading. These publications review new developments and applications of Skandia's model for intellectual capital developed.

Hardcopies and CD-ROMs of various intellectual documents are listed and available for purchase on the site. The CD-ROMs are very imaginative and have videos and dynamic learning exercises embedded in them.

The Website also has lists of internal intellectual capital links as well as selected external links that are useful and provocative. The internal links are for the Intellectual Capital Community, the Skandia Futures Center and IC Visions, all of which are wholly owned subsidiaries of Skandia.

Karl Erik Sveiby provided the impetus for the current era of intellectual capital and knowledge management. Since the 1980s he has been "unlearning" existing management modes and "discovering" new ones. He has worked with organizations around the world to assist them in developing a knowledge-focused strategy, along with the ability to manage and monitor intellectual capital. His Website is a living repository of numerous articles that form a fundamental learning library for anyone involved in intellectual capital. The site has a basic introductory course to intellectual capital, as well as descriptions of the interactive tools he and his colleagues have developed to enable people to more effectively nurture and leverage their intangible assets.

All articles in the library are accessible and downloadable. They are primarily by Sveiby but also include pieces by other major contributors to the field. The library's major areas are: knowledge management and intellectual capital, the concepts of knowledge and informa­tion, managing knowledge organizations, measuring intangible assets, marketing and selling knowledge, and book reviews and bibliography.

The FAQ section is a composite of answers to the most frequently asked questions about the field. All responses fully recognize the value of the question and are extensive enough to provide a satisfactory basis to understand what can be an elusive topic.

Sveiby is constantly refreshing the site with updated and new mate­rials. It is a great place to begin an intellectual capital journey, and start to understand the process of building a knowledge-based strategy.

CORE BOOKS

Adriessen, D. and Tissen, R. (2000) Weightless Wealth: Find your real value in a future of intangible assets. Financial Times/Prentice Hall, London.

Blair, M.M. and Wallman, S.M.H. (TaskForce Co-Chairs) (2001) Unseen Wealth: Report of the Brookings Task Force on Intangibles. Brook­ings Institution Press, Washington, DC.

Botltin.J. (1999) Smart Business: How Knowledge Communities Can

Revolutionize Your Company. Free Press, New York. Brooking, A. (1996) Intellectual Capital: Core Asset for the Third Millennium Enterprise. International Thompson Business Press, London. Danish Trade and Industry Development Council (1998) Intellectual Capital Accounts: Reporting and managing intellectual capital. Erhvervsfremme Styrelsen, Copenhagen. Davenport, T.H. and Prusak, L. (1998) Working Knowledge: How Organizations Manage What They Know. Harvard Business School Press, Boston. Davenport, T.O. (1999) Human Capital: What It Is and Why People Investin It. Jossey-Bass, San Francisco. Davis, J.L. and Harris, S. (2001) Edison in the Boardroom: How leading Companies Realize Value from Innovation. John Wiley & Sons, New York. Davis, S. and Meyer, C. (1998) Blur: the speed of change in the connected economy. Warner Books, New York. Dixon, N. (2000) Common Knowledge: How Companies Thrive by Sharing What They Know. Harvard Business School Press, Boston. Devereaux, M.O'H. and Johansen, R. (1994) GlobalWork: Bridging Distance, Culture & Time. Jossey-Bass, San Francisco. Edvinsson, L. and Malone, M.S. (1997) Intellectual Capital: Realizing Your Company's True Value By Finding Its Hidden Brainpower, Harper Business, New York. Fitz-enzJ. (2000')The ROIof'Human Capital: Measuring the Economic Value of Employee Performance. AMACOM, New York. Friedman, T.L. (2000) The lexus and the Olive Tree: Understanding Globalization, Farrar, Straus and Giroux, New York. Imparato, N. (ed.) (1999) Capital For Our Time: The Economic, legal, and Management Challenges of Intellectual Capital. Hoover Press, Stanford, CA. Johansen, R. and Swigart, R. (1994) Upsiztng the Individual in the Downsized Organization:Managing in the Wake of Reengineering, Globalization, and Overwhelming Technological Change. Addison- Wesley, Reading, MA.