of the IC Minds: Highlights from Slovenia
By Debra M.
She came 20
hours by car – this woman from Serbia - Dr. Zorica Uzelac, professor
of Mathematics for the faculty of Technical Sciences of the University
of Novi Sad, Yugoslavia. She made contact with the ENTOVATION Network in
May, was sent the announcement of the Slovenia conference on
Intellectual Capital - http://www.iik-si.com.
And so, within 2 months, she was face-to-face with 5 of the intellectual
capital pioneers and 100 representatives from nearby countries focused
on harnessing the intellectual wealth of the region.
It was time
for an in-depth review of the State-of-the-Art of Intellectual Capital
convened by the Inštitut za intelektualni kapital from Ljubljana, the
Centar za intelektualni kapital from Zagreb and the Finance newspaper of
Slovenia. 5 experts in the knowledge movement were convened with an
audience of knowledge practitioners from Croatia, Serbia, Austria,
Germany and other nations in the region.
and his associate Karmen Jelcic - long-time representatives on the
Global Knowledge Leadership Map - http://www.entovation.com/kleadmap/index.htm,
organized and co-chaired the event with colleague, Matjaž Maček,
director of the Institute that is part of the company Imelda. With a
presentation focused on value creation as opposed to value destruction,
Ante outlined a strategy for…. At the same time, he released the first
report on Intellectual Capital Efficiency for the country of Croatia
using the Value Creation Efficiency Analysis (VAICTM) in all the cities
and municipalities of the Zagreb County.
principle of the analysis was not whether a county’s economy was big
or small, but whether is was ‘good’ or ‘bad’ - defined as to how
efficiently it used its resources. The quality of business was estimated
by a method that measures the efficiency of value-creation compared to
invested resources: Capital Employed and Intellectual Capital. The data
source utilized were the balance sheets provided by FINA – the
Financial Agency. Conclusions of the study indicate that raising the
value-creation capability contributes to the improvement of
value-creation, and thus the progress of the city, region or nation.
Edvinsson, CEO of UNIC (Sweden) and Professor of Knowledge Economics at
the University of Lund, released his new book on ‘Corporate Longitude:
Navigating the Knowledge Economy,’ in which he outlines how the rise
of knowledge economics has highlighted a mismatch between current
financial reporting and the value of intellectual capital. With the
notion of navigating (rather than controlling), he defines metaphors
that enable the astute managers to capitalize upon the new realities.
With a chapter on Knowledge Innovation®, he suggests, “Organizations
need to nurture their own Einsteins.” He cites the indicators
(i.e., discovering/learning, implementation, and commercialization) of
Baruch Lev published previously - http://www.entovation.com/whatsnew/intangible-innovation.htm.
“Innovation,” he says, “requires you to seek new perspectives –
Nick Bontis, architect of the World Congress on Intellectual Capital at
McMaster University (Ontario, Canada) and CKO of Knexa – the world’s
first knowledge exchange auction - discussed his most recent research
sponsored by the Saratoga Institute, his Institute for Intellectual
Capital Research and Accenture. Using an array of causal loop diagrams,
he described compelling arguments for the following research
The development of senior management leadership capabilities is the key
starting ingredient for the reduction of turnover rates and the
retention of key employees. Effective management leadership acts as a
spark for organizational knowledge-sharing which, in turn, allows senior
management to align values throughout the organization.
The effective management of intellectual capital assets yields higher
financial results per employee. The development of human capital is
positively influenced by the duration level of employees and their
Employee sentiment as defined by satisfaction, motivation and commitment
has far-reaching impacts on intellectual capital management, knowledge
management and ultimately human performance.
Knowledge management initiatives can decrease turnover rates and support
performance if they are coupled with Human Resource policies.
Business performance is positively influenced by the commitment of its
organizational members and their ability t9o generate new knowledge.
This favorable performance level subsequently acts as a deterrent to
turnover which, in turn, positively effects human capital management.
Rűdiger Reinhardt, project manager and senior lecturer at the Institute for Media and Communications Management at St. Gallen University (Switzerland), provided two case study examples – on inductive and the second deductive – to illustrate how the measurement of Intellectual Capital must not only deal with the performance of ‘stocks’, but the ‘knowledge flows.’ Using the model of human, organizational and customer capital, he suggests that the interaction thereof – over time – produces equity that can be recognized in the capital market and, therefore, influences the market value of the company. He traces what could be considered as innovation indicators, the goals, identification, creation, diffusion, processing, action, storage/retrieval and valuation dimensions.
a scope of ‘The Innovation SuperHighway’ – much of which is
documented in the new book scheduled for released in October. I focused
primarily on Chapter 4 – Knowledge Economics – and detailed some of
the most recent activities on the enterprise, national economy and
societal level, including the new Knowledge Assessment indicators from
The World Bank and the OECD. The point is that the agenda is now
actively embraces on the enterprise (micro-economic), national economy (meso-economic)
and societal (macro-economic) levels – all beginning to share a common
language and shared intent.
with the action steps that were published in the Skyrme/Amidon Report
(1987) - http://www.entovation.com/backgrnd/practice.htm:
 M’Pherson – “Inclusive Value of Information” (1996).
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