Navigating Intellectual Capital After the Financial Crisis - Hardcover

Lin, Carol Yeh-Yun; Edvinsson, Leif; Chen, Jeffrey; Beding, Tord

Hardcover

ISBN 10: 1493912941 ISBN 13: 9781493912940

Verlag: Springer, 2014

Inhaltsangabe

In the first decade of the twenty-first century, the biggest event of worldwide proportion was the 2008 global financial crisis, which was caused primarily by ineffective governance, failed surveillance systems and implementation flaws. While fiscal and monetary policies succeeded in pulling many countries out of a financial freefall, most economies have performed beneath pre-recession levels as governments continued to struggle with their finances.

Examining the financial crisis from the viewpoint of intangible assets provides a different perspective from traditional economic approaches. National Intellectual Capital (NIC), comprised mainly of human capital, market capital, process capital, renewal capital and financial capital, is a valuable intangible asset and a key source of national competitive advantage in today’s knowledge economy. The authors―pioneers in the field―present extensive data and a rigorous conceptual framework to analyze the connections between the global financial crisis and NIC development. Covering the period from 2005 to 2010 across 48 countries, the authors establish a positive correlation between NIC and GDP per capita and consider the impact of NIC investment for short-term recovery and long-term risk control and strategy formulation.

This book summarizes and synthesizes the data presented in a series of eleven SpringerBriefs volumes on “National Intellectual Capital and the Financial Crisis,” concerning the co-developments between NIC and GDP growth and describes the internal and external factors that influenced the relative success or failure of national strategies in weathering the crisis. The authors go on to explore the impacts of various policy reforms, including stimulus packages and consolidations employed around the world, with particular respect to the factors enhancing or impeding short-term recovery versus long-term growth. Finally, they propose a new model of “sustainable nationalintellectual capital” and challenge readers to consider how to pass on a healthy globe and harmonious society to the next generation.

Über diesen Titel

Über die Autorin bzw. den Autor

Dr. Carol Yeh-Yun Lin is Professor of Business Administration at National Chengchi University in Taiwan. She received her Ph.D. in Human Resource Development from the University of Texas at Austin in 1992. Dr. Lin has published extensively, with over 40 scholarly articles and 60 conference presentations on strategic human resource management, international human resource management, intellectual capital, business ethics, and corporate social responsibility. Her papers have appeared in the International Journal of Human Resource Management, Journal of Business Ethics, Long Range Planning, Health Care Management Review, Journal of Small Business Management, Journal of Psychology, and Journal of Intellectual Capital. Leif Edvinsson, Founding Partner of the consultancy, Universal Networking Intellectual Capital, is the world's leading expert on Intellectual Capital (IC). As former vice president and the world's first corporate director of Intellectual Capital at Skandia of Stockholm, Sweden, Edvinsson has been a key contributor to the theory of IC and oversaw the creation of the world's first corporate Intellectual Capital Annual Report. In 1996 he was awarded by both the American Productivity and Quality Center (US) and Business Intelligence (UK) for his pioneering work on IC. Mr. Edvinsson was formerly senior vice president for training and development of S-E Bank, and president and chairman of Consultus AB, a Stockholm-based consulting company. In light of his work in both training and Intellectual Capital, Edvinsson has been a special advisor on service trade to the Swedish Ministry of Foreign Affairs. He is also special adviser to the Swedish Cabinet on the effects of the new digital economy, special advisor to the United Nations International Trade Center and is a co-founder of the Swedish Coalition of Service Industries. Mr. Edvinsson holds an MBA from the University of California, Berkeley. He is the author or co-author of numerous publications on IC,including one of the first books on the subject, Intellectual Capital (1997), Corporate Longitude (2002), Leveraging Corporate Knowledge (2004), and Intellectual Capital for Communities (2005). He is a regular speaker before such organizations as the BBC, CIO, Conference Board, Economist, Handelsblatt, Insead, and IMD. Her serves on the Board of Directors of several knowledge-intensive enterprises, including the Swedish Brain Research Foundation and the Center for Molecular Medicine at Karolinska Institute, Stockholm. Since 2000 he has been the Honorary Chairman of the UK-based Henley College, KM Forum. Since 2000, he has been Adjunct Professor of Intellectual Capital at Lund University, and since 2007 Chair Professor at the Hong Kong Polytechnic University.

Von der hinteren Coverseite

In the first decade of the twenty-first century, the biggest event of worldwide proportion was the 2008 global financial crisis, which was caused primarily by ineffective governance, failed surveillance systems, and implementation flaws. While fiscal and monetary policies succeeded in pulling many countries out of a financial freefall, most economies have performed beneath pre-recession levels as governments continued to struggle with their finances.

Examining the financial crisis from the viewpoint of intangible assets provides a different perspective from traditional economic approaches. National Intellectual Capital (NIC), comprised mainly of human capital, market capital, process capital, renewal capital, and financial capital, is a valuable intangible asset and a key source of national competitive advantage in today’s knowledge economy. The authors―pioneers in the field―present extensive data and a rigorous conceptual framework to analyze the connections between the global financial crisis and NIC development. Covering the period from 2005 to 2010 across 48 countries, the authors establish a positive correlation between NIC and GDP per capita and consider the impact of NIC investment for short-term recovery and long-term risk control and strategy formulation.

This book summarizes and synthesizes the data presented in a series of eleven SpringerBriefs volumes on “National Intellectual Capital and the Financial Crisis,” concerning the co-developments between NIC and GDP growth, and describes the internal and external factors that influenced the relative success or failure of national strategies in weathering the crisis. The authors go on to explore the impacts of various policy reforms, including stimulus packages and consolidations employed around the world, with particular respect to the factors enhancing or impeding short-term recovery versus long-term growth. Finally, they propose a new model of “sustainablenational intellectual capital” and challenge readers to consider how to pass on a healthy globe and harmonious society to the next generation.

Details zur Ausgabe

• Verlag: Springer
• Erscheinungsdatum: 2014
• Sprache: Englisch
• ISBN 10: 1493912941
• ISBN 13: 9781493912940
• Einband: Gebundene Ausgabe
• Anzahl der Seiten: 257
• Kontakt zum Hersteller: ProductSafety@springernature.com; ProductSafety@springernature.com; ; Poststr. 9; Darmstadt; 64293; Deutschland