Managing Intellectual Capital in Practice
Editorial Reviews
Review
The approach presented by Göran Roos and his team in this book was the template for turning FOI into a world-class organization. I would recommend it to anyone responsible for value creation in the public sector.
Bengt Anderberg, Director General [ret], FOI (Swedish Defense Agency)
Göran Roos and his colleagues interpretation of the value of managing intellectual capital correctly as a way of establishing differentiation and sustainable competitive advantages in a wide range of organizations is superb. This new book is a great stimulator for managers to adopt new ways of management with an excellent combination of theory and practical examples.
Sabin Azua, Managing Director, BearingPoint, Spain
"The first book providing practical advice on how to extract more value from intangibles highly recommended."
- John J. Ballows, Partner, Shareholder Value, Accenture
Göran Roos is a leading light in the field of intellectual capital. I have had the great pleasure of being both a co-author and a student of his innovative work. The enclosed text is a must read for any academic or practitioner interested in a holistic review of the literature. The expertise of Professor Roos and his co-authors clearly shines in the way the arguments are meticulously laid out. Plus, their breadth of knowledge in a variety of interrelated areas including strategy, accounting, finance, organizational behavior, human resources and technology is refreshing when dealing with such a complex and multifaceted topic. Intellectual capital is the de facto currency of our millennium, and Göran Roos and his colleagues continue to effectively evangelize its importance.
Dr. Nick Bontis, Director, Institute for Intellectual Capital Research Professor, McMaster University, Hamilton, Ontario, Canada
The management of intangibles and organizational knowledge stands as a dynamic and creative perspective which will enable intellectual capital to be developed in organizations, an innovative viewpoint analyzed by Göran Roos and his co-authors, who have been able to contribute with their valuable experience on the subject in this recent work.
Eduardo Bueno Campos, Director of Parque Científico de Madrid (PCM), Centro de Investigaciones sobre la Sociedad deI Conocimiento (CIC) and Instituto Universitario de Administración de Empresas (IADE)- Universidad Autónoma de Madrid, Spain
It is a pleasure to see how Göran Roos and his co-authors integrate the most recent models and concepts into a very comprehensive and practically oriented treatment of
Intellectual Capital. With this book the ICS team has once again shown how competitive advantages can be built upon intellectual capital. As one of the founding fathers of Intellectual Capital, Göran Roos knows how intellectual capital works and what the challenges are in developing a knowledge-based strategy.
Per Nikolaj Bukh (www.pnbukh.com), Professor, Aarhus School of Business, Aarhus Denmark; co-author of the Danish Guideline for Intellectual Capital
Göran Roos and his co-authors have drawn on a wealth of experience in this
path-breaking and insightful study of why intellectual capital matters and how intellectual capital management can be applied in organizations. Its lucid style, penetrating analysis of IC methods and numerous practical examples make it a valuable and accessible addition to the literature for business managers, academics and students alike.
Alan Burton-Jones, CEO, Burton-Jones & Associates, South Brisbane, Australia, and author, Knowledge Capitalism: Business, Work, and Learning in the New Economy
Although the value and importance of Intellectual Capital has been reported on extensively, Professor Göran Roos and his co-authors describe for the first time a
methodology which could be applied to any organization. The process is practical and it works.
Dr. Stuart W. Carr, Director, Radiopharmaceuticals, Australia Nuclear Science & Technology Organization, Radiopharmaceuticals and Industrials (ARI)
Managing value creation in todays organizations that are based mainly on intangible assets starts with a clear analysis and understanding of all available resources including intangibles. The Intellectual Capital Management movement has focused on this fact and promoted this message over the last one and a half decades. Göran Roos and his co-authors go much further in this book. The concept they present allows managers to not only put more rigor in systematic resource analysis, but to also understand how the different resource categories are transformed in the value creation process which enables them to really manage the value creating process, both from a strategic and operational perspective. Thus, this book presents the missing building block for true Intellectual Capital Management (or Intangible Assets Management) and is a must read for everyone interested in modern business management.
Jürgen H. Daum, CFO adviser, enterprise management expert and Chief Solution Architect, SAP AG, Waldorf, Germany
Managing Intellectual Capital in Practice provides a very useable framework for managing intangibles. This text takes a deeper look at intangibles, their measurement and their management, and gives the reader some powerful ideas to drive strategic planning processes.
John Dean, General Manager, Corporate Strategy Group, Department of Industry, Tourism and Resources, Australia
Managing Intellectual Capital in Practice appears to be one of the best books regarding application of intellectual capital in contemporary organizations. The essence of the book is in the sequence of rather practical procedures- i.e., how to identify, value, measure and report on the intellectual capital of your business. Undoubtedly the personal experience of the author makes this book helpful for practitioners as well as researchers.
Vassily K. Dermanov, Ph.D, Associate Professor, Vice-president, Stockholm School of Economics, Saint Petersburg, Russia
Göran Roos and his co-authors give readers the benefit of their long and outstanding experience in intellectual capital and make this complicated concept easy to both understand and put into practice. Their wisdom as relates to extracting value from intangibles is breathtaking. Strongly recommended as reading to all business leaders and managers.
Mehmet Gün, Founder, Mehmet Gün & Co., Istanbul, Turkey
Professor Göran Roos has together with his co-authors synthesized current professional and research knowledge about intellectual capital into this accessible book. I highly recommend Managing Intellectual Capital in Practice for practitioners and academics as it provides case studies and detailed illustration of various theoretical constructs and models for intellectual capital management, measurement and reporting.
Professor James Guthrie, School of Business, University of Sydney, Australia
Many people talk about the new economy and how the basis of value creation is fast shifting from physical to intellectual capital. Few people take us beyond the theory. In this important book, Göran Roos gives us the tools and the strategies we need to navigate businesses in this unfamiliar but exciting world.
Ian R. Harper, Executive Director, Centre for Business & Public Policy, Melbourne Business School, Australia
This dynamic work reflects the increasing scope and importance of extracting value from intangibles in our hypercompetitive environment. Professor Roos and his
co-authors deep understanding of intangibles and rich experience in applying it strategically are captured in this work of leading-edge practice. An invaluable guide for todays decision-making to deliver high performance results.
Dr. Werner Hoffmann, Professor, University of Applied Sciences, Ludwigshafen, Germany
Intellectual Capital is one of the central cornerstones of modern business life. Professor Göran Roos and his co-authors present this, sometimes difficult to understand, subject in a very clear, practical and compelling way, drawing on their strong scientific competence. The book is an important tool in every executive's library.
Professor Erkki KM Leppavuori, President and CEO, Technical Research Centre of Finland, VTT
This book is an important addition to the fast-growing literature on intellectual capital. Particularly worthwhile are the numerous practical examples and the extension to the not-for-profit and government sectors.
Baruch Lev, Philip Bardes Professor of Accounting and Finance at New York University, Stern School of Business, and Director of the Vincent C. Ross Institute for Accounting Research, New York, USA
Professor Roos and his team have once again shown that the soft stuff neednt be fluffy, but can actually be measured and managed in a meaningful and truly useful way. This book gives managers the language to work with all resources in their organization and the tools to make sure they contribute to achieving tangible results.
Lea Lillkåll, VP, HR/Competence & Leadership, TeliaSonera, Finland
"Most managers recognize the significance of intellectual capital Managing Intellectual Capital in Practice provides them with the practical tools to manage it. In a step by step fashion, the authors distill the essential principles of this complex field, helping managers better understand, define, value, and use their essential knowledge assets for competitive advantage. This is not a casual read. This will become the primer on intellectual capital and knowledge management. It has been a long time coming but it is here. The serious practitioner will find it invaluable."
Sarah Mavrinac, Assistant Professor of Accounting & Control, INSEAD, Fontainebleau Cedex, France
Göran Roos and his co-authors bring fresh perspectives, well-researched concepts and excellent practical applications to the area of intellectual capital. Any organization that wants to succeed in the future needs to clearly understand the role of intellectual capital and the measurement of intangibles to determine future v...
Book Description
This book is the essential guide for managers wishing to implement the benefits of Intellectual Capital thinking in their companies or divisions. It serves as an easily accessible introduction to the subject area for the novice, giving the gist of what it is about and how it has developed, but above all it gives hands-on instructions on how to incorporate intellectual capital thinking in everyday business and how to use the tools provided for the management and measurement of intangible resources.
Throughout the main part of the book, three different cases in separate boxes run in parallel with the body text. These are introduced in chapter 2 and illustrate how the tools are to be used, depending on what type of company wishes to implement these ideas. The three case companies are characterised as a manufacturing company, an R&D organisation and a network company. Smaller case stories about well-known global companies are also interspersed throughout the book.
*Practical, hands-on instructions on how to use and grow intellectual capital in an organization.
*Göran Roos is an Internationally recognised expert in the field of intellectual capital.
*Written in an accessible style that managers can relate to their daily work
Managing Intellectual Capital in Practice
Managing Intellectual Capital in Practice,Göran Roos,Stephen Pike,Lisa Fernstrom,Butterworth-Heinemann,0750679409,Business & Economics,Business / Economics / Finance,Business/Economics,Information Management,Intellectual capital,Knowledge Capital,Knowledge management,Management,Management - General,Technological innovations,Business & Economics / Management,Business & Management
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