The Wealth of Knowledge

In Thomas A. Stewarts bestselling first book Intellectual Capital he redefined the priorities of businesses around the world demonstrating that the most important assets companies own today are often not tangible goods equipment financial capital or market share but the intangibles: patents the knowledge of workers and the information about customers and channels and past experience that a company has in its institutional memory. Now in his new book The Wealth of Knowledge Stewart--widely acknowledged as the worlds leading expert on working with intellectual capital in todays knowledge economy--reveals how todays companies are applying the concept of intellectual capital into day-to-day operations to dramatically increase their success in the marketplace.. Arguing that companies can make untold millions of dollars by managing knowledge more effectively--and save millions more--Stewart offers executives and managers compelling accounts of how leading companies around the world are successfully tackling the practical issues involved in todays knowledge economy. The heart of the book is a revolutionary 4-step preocess that shows how to put intellectual capital to work to improve performance and profitablity as well as manage knowledge processes. He goes on to discuss how companies can better utilize their current assets and enhance their knowledge resources for the future. Questioning many of the assumptions that have ruled business in the twentieth century he addresses such critical and fundamental issues as why companies exist how they should be organized and how people should be compensated. With his customary fearlessness and foresight he plunges into the thick of the controversial arena of measuring and accounting as well-an increasingly difficult task when a corporations assets are intangible.. The Wealth of Knowledge not only sets out the latest thinking in creating and managing knowledge assets but provides a detailed course of action for corporations trying to navigate their way in the world of knowledge economy.