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He is using the #ECIC hashtag but so far, he is the only one using it.
I will watch this keyword in case anyone else starts tweeting!
Knowledge Balance Sheet is a systematic inventory of knowledge and activities to its development, management and exploitation.
It covers
- Human capital ... Qualities and qualifications of employees. eg skills, abilities, skills, motivation
- Capital Structure ... Structures to carry out the business. for example, processes, infrastructure, R & D, knowledge, culture
- Relational capital ... Relations processes, external groups and individuals. eg relationships with customers, suppliers, partners, share / stakeholder, external engagement, image
The knowledge balance sheet is the central tool for all executives
Knowledge balance sheets are
- Universities in Austria for a statutory requirement
- not yet standardized,
- a tool for the future of society,
- create transparency for the management and
Knowledge of accounting standards are
- Human Resources Strategy,
- Business development;
- M & A,
- Basel II
- Employee and Organizational Development
The Knowledge Balance sheet 2.0
Business standards and a smooth interaction with Controlling require that the knowledge stock is a real balance sheet!
Knowledge Balance sheet differs from ...
- Financial balance
- Assets equivalent to the knowledge resources of the company
- Capital does not correspond to the human capital
- Investment in line with what the company has made to the knowledge resources to strengthen
- Profitability is the benefits that by strengthening the knowledge resources has
- Knowledgemanagement
- Knowledge can only be managed if you know what you know and what we do not know about this condition is a Knowledge Balance Sheet. The Knowledge Balance Sheet is a management tool
- In contrast to BSC
- The knowledge balance sheet focuses on collecting and evaluating the intellectual capital, strategic development and external communications
My personal website contains most of my work on IC:
Five Hong Kong banks have joined the Intellectual Property Department in promoting intellectual capital management (ICM) under the secondphase of the Intellectual Capital Management Consultancy Programme launchedtoday (March 2). The five Partnering Lending Institutions (PLIs) are the Bankof China (Hong Kong) Limited, Chong Hing BankLimited, Citi Commercial Bank, Hang Seng Bank Limited, and the Bank of EastAsia Limited.
The banks will offer more favourable financial and/or service privileges to successful business loan applicants who have prepared their own intellectualcapital reports. This is a win-win arrangement as companies preparing intellectualcapital reports provide important non-financial data that can help financialinstitutions identify good customers. This in turn helps small businessesbecome more competitive when seeking finance.
Speaking at the launching ceremony, the Under Secretary for Commerce and Economic Development, Mr Gregory So, said, “In recent years, the governmenthas been promoting the importance of intellectual capital among small andmedium enterprises and how they can make the best use of it. Intellectualcapital is a significant asset for an enterprise that can help maximise itsbusiness potential.”
Chairman of the Federation of Hong Kong Industries, Mr Cliff Sun, said, “Intellectual property and intellectual capital management contribute tothe development of a knowledge-based economy. We hope that more SMEs in Hong Kong can benefit from the Government’s ICM programme.”
Chairman of Lan Kwai Fong Holdings Limited, Dr Allan Zeman, said Lan Kwai Fong was a company with valuable human and relational capital. “I am happy to be taking part in the programmeand keen to see how it will empower my business through uncovering andexploiting our hidden intangible assets.” Lan Kwai Fong Holdings Limited is thefirst organisation to join the second phase of the programme.
Under the second phase of the programme which lasts until the end of the year, free consultancy services will be offered to enterprises, especially SMEs,on cultivating and managing their intangible assets with a view to realisingnew business opportunities, reducing business risk and strengthening theirprotection of intellectual property.
More than 320 organisations joined the first phase of the programme in 2009, among which 14 have published company intellectual capital reports. MrSo and Mr Sun presented awards to the representatives of these organisations torecognise their commitment to ICM.
The programme is organised by the Intellectual Property Department and co-organised by the Innovation and Technology Commission and the Trade andIndustry Department. It has also gainedvaluable support from the Federation of Hong Kong Industries, Hong Kong BrandsProtection Alliance, Hong Kong Cyberport Management Company Limited, Hong KongGeneral Chamber of Commerce, Hong Kong Productivity Council, Hong Kong Scienceand Technology Parks Corporation, Hong Kong Small and Medium EnterprisesAssociation, Hong Kong Trade Development Council, Manufacturing EnterpriseIntegration and Innovation Association, the Chinese General Chamber ofCommerce, the Chinese Manufacturers’ Association of Hong Kong, the Hong KongChamber of Small and Medium Business Ltd., the Hong Kong ChineseImporters’& Exporters’ Association and the Hong Kong Council of SocialService.
Participating organisations will be provided with a free set of training materials and a certificate to recognise their participation. Details of the programme can be found on www.ipd.gov.hk/eng/icm.htm
Ends/Tuesday, March 2, 2010
One of the sources he quotes was Brian Solis and his post entitled Ideas Connect Us More Than Relationships.
I couldn't help but think of our ICKC community and what we are trying to do. IC is an important idea. I can't wait to see what we make of it here!
Cheers, Mary
Value and Economic Growth: Summary of a Workshop.
Back at the time, I wrote a series of posts about the event at Hybrid Vigor (scroll down to July). But please note that the links in those posts don’t work anymore. The presentations are now here (scroll down to June).
My favorite presentation was by Irving Wladawsky-Berger of IBM and MIT on The Transition from the Industrial to the Knowledge Economy for its perspective on the underlying changes in technologies that drove the transition and will drive future change. He sees moves in technology:
* From tangible to intangible
* From automating the back office to automating market-facing systems
* From machines/products to people and services
Speaking with Steve Merrill of the National Academies last week, he told me that limited hard copies are available from STEP@nas.edu and there is a free pdf at http://www.nap.edu/catalog.php?record_id=12745
This was an important first conference of its kind in the U.S. Hopefully more to follow!
The following is an AREOPA white paper titled: Measuring the Immeasurable.
MEASURING THE IMMEASURABLE -JA-20050630 (wp GNO20100203).docx
About AREOPA
We are a leading knowledge and practice provider in the fields of Change Management, Knowledge Management, Risk Assessment and Intellectual Capital Accounting.
With our own models, methodologies and tools we create a turnaround in the valuation of intangible assets of organizations active in the knowledge economy.
Our tools for IC accounting make us world leader in this field.
Worldwide we work together with partners, large organizations, multinationals and governments.
Working with AREOPA means working in the organization of the future, based on the following values:
• We are all entrepreneurs and shareholders;
• We are fully empowered within the Areopa network;
• We are working in a customer driven organization;
• We have no hierarchy, but we believe in leadership;
• We have no fixed costs in our organization;
• We use the Shamrock model for revenue distribution.
We are expanding globally.
Feel free to contact me for more information.
Joris Claeys
VP Global Operations
Joris.Claeys@AREOPA.com
AREOPA - Provoking Innovatieve Intelligence