Posted by Mezei on September 06, 2002 at 17:44:06:

Knowledge management is the process of turning intellect into intellectual capital. This process takes place by determining what is true, and discarding what is false. So we have a highly structured overlying process of taking ideas and converting them into products or services, and we have an underlying process that ascertains what is 'true' and what is 'false' along the way. Everything of course is relative, so to the extent that we can really ascertain was is good for the company and what is bad (true vs false) will determine how successful the business is at converting all that intellect into intellectual capital, as opposed to stuff that isn't worth anything.

What then is intellectual capital? Profit. The net profit at the end of the years is your intellectual capital. Profit is the ultimate ideal, the representation of all end goals of the business, the ideal conceptualization of all the labour, ideas etc incorporated into a dollar bill.

So on one hand we have the beginning of the KM process, the intellect and the creation of ideas, and at the other end, pure profit or the creation of intellectual capital.

So if Coke ends up with $450 million dollars in pure profit at the end of the fiscal year, they can say that their trademarks, processes, patents etc have an intellectual capital value of $450 million bucks.

Don Mezei

• Don Mezei

---

Follow Ups:

• Re: New insights into KM and IC KK Aw 22:21:39 09/06/02 (12)
  • Re: New insights into KM and IC Mezei 23:12:22 09/07/02 (5)
    • Re: New insights into KM and IC KK Aw 23:46:23 09/07/02 (4)
      • Re: New insights into KM and IC Mezei 13:39:49 09/08/02 (3)
        • Re: New insights into KM and IC KK Aw 14:02:13 09/08/02 (2)
          • Re: New insights into KM and IC Mezei 14:11:55 09/08/02 (1)
            • Re: New insights into KM and IC Boris Pluskowski 16:02:46 09/09/02 (0)
  • Re: New insights into KM and IC giorgio gobbo 18:44:13 09/07/02 (5)
    • Re: New insights into KM and IC Mezei 23:20:48 09/07/02 (4)
      • Re: New insights into KM and IC gobbo 01:09:33 09/08/02 (3)
        • Re: New insights into KM and IC Mezei 13:38:31 09/08/02 (2)
          • Re: New insights into KM and IC gobbo 16:29:13 09/08/02 (1)
            • Re: New insights into KM and IC Mezei 09:39:02 09/09/02 (0)

---

Click Here to Post Follow Up in New Forums

    Knowledge Management Think Tank (New)

  

 Subject: 

Message: