The Wealth of Knowledge: Intellectual
The Wealth of Knowledge: Intellectual Capital and the Twenty-first Century Organization
by Thomas A. Stewart
I am really looking forward to this book. Intellectual Capital was a breakthrough book, easy to read but astounding in its power. At first, the title intimidated me. How wrong could I be. Figures that a lucid Fortune reporter would write something quite understandable.
- When he searched for "intellectual capital" on the web five years ago, the seventh item brought up by a search engine was, "Rome is the intellectual capital of Italy."
Hammering obsolete accounting for the nonsense it is, he points out that, "Management also has no place in traditional economics--economists simply leave it out, as if all management is the same and ocunts for nothing." (Bravo!)
Regarding fads, "Too often, companies lurched into knowledge management, e-commerce, and other Information Age management ideas before they had business reasons for their actions."
"It is time, once and for all, to drive a stake through the heart of traditional accounting, which is draining the life from business."
"We have come a long way toward understading how to turn knowledge into intellecutal capital, and how to use intellectual capital to increase the prosperity of our companies and countries, and add to the richness of our lives. Hurry up, please. It's time."
That's a journey I want to be part of.
Posted by Jay Cross at January 20, 2002 04:01 PM | TrackBack
