Before that, he worked at the asset management firm Birinyi Associates. Andrew Runk, Managing Director andyr starboardcapital. Prior to joining Starboard he worked at Sasco Investment Group, focusing on special situation debt and equity investments.
Classification[ edit ] Intellectual capital is normally classified as follows: Human capitalthe value that the employees of a business provide through the application of skillsknow-how and expertise.
Human capital is inherent in people and cannot be owned by an organization. Therefore, human capital can leave an organization when people leave, and if the management has failed to provide a setting where others can pick up their know-how.
Human capital also encompasses how effectively an organization uses its people resources as measured by creativity and Innovation. Structural capitalthe supportive non-physical infrastructure, processes and databases of the organisation that enable human capital to function.
Because of its diverse components, structural capital can be classified further into organization, process and innovation capital. Process capital includes the techniques, procedures, and programs that implement and enhance the delivery of goods and services.
Innovation capital includes intellectual property such as patents, trademarks and copyrightsand intangible assets. Intangible assets are all of the other talents and theory by which an organization is run. Relational capitalconsisting of such elements as customer relationships, supplier relationships, trademarks and trade names which have value only by virtue of customer relationships licencesand franchises.
Creating, shaping and updating the stock of intellectual capital requires the formulation of a strategic vision, which blends together all three dimensions of intellectual capital Human, Structural and Relational Capital within the organisational context through exploration and exploitation, measurement and disclosure .
Therefore, the organisational value of intellectual capital is developed via an ongoing and emergent process focused on the capability to leverage, develop and change the dimensions .
The management of intellectual capital is conceptualised as occurring via a multiple stage process, governed by an evolutionary logic. The intellectual capital management is defined as a cycle of four inter-related sets of practices: Strategic Alignment, Exploration and Exploitation, Measurement and Reporting of intellectual capital .
Exploitation[ edit ] The management of intellectual capital is conceptualised as occurring via a multiple stage process, governed by an evolutionary logic .
For a business, translating the potential of its intellectual capital is crucial. A term " Workforce -in-place" can be used as a category when companies with their staff are purchased.
In order to profit from intellectual capital, knowledge management has become a task for management.Intellectual capital is the intangible value of a business, covering its people (human capital), the value relating to its relationships (relational capital), and everything that is left when the employees go home (structural capital), of which intellectual property (IP) is but one component.
It is the sum of everything everybody in a company knows that gives it a competitive edge. The Relational Capital Group is headed by Chief Relationship Officer Ed Wallace and serves a client list that is a Who's Who of Fortune companies.
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He will walk us through how tools such as machine learning and text mining is used by. The Relational Capital Group is headed by Chief Relationship Officer Ed Wallace and serves a client list that is a Who's Who of Fortune companies.
Ed is a critically acclaimed author, motivational speaker and relationship training facilitator on the topic of Business Relationships. Stability strategy is a strategy in which the organization retains its present strategy at the corporate level and continues focusing on its present products and markets.