"If senior executives managed their organizations' fixed assets and financial capital the way that they manage their companies' knowledge assets and
intellectual capital, they would be fired...and likely sent to jail."
...Larry Chait 2010
On average, the value of an organization's intangible
assets of (its knowledge and intellectual capital) is up to three times the value of its tangible assets. Yet in most organizations, overseeing those assets consumes little or no
Multiple factors argue that access to—and effective use of—knowledge will
become increasingly important:
Rapid, never-ending pace of change
that is seemingly increasing
Ongoing shift to knowledge and
innovation as bases of competition
Burgeoning of available information
and access to such information
Next-generation managers who have a
deep understanding of how knowledge is created and leveraged in organizations—and practical skills in how to achieve such leverage—will have a clear advantage over their peers.
Managers without these skills—and their companies—will find it difficult to thrive, and potentially, survive.