Difference between revisions of "Knowledge asset"
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==Definition== | ==Definition== | ||
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== Summary== | == Summary== | ||
| − | Knowledge assets | + | Knowledge assets include the part of organisations [[Intangible asset|intangible assets]] that are [[Knowledge|knowledge]], such as [[Best practice | best practices]], codified [[Explicit knowledge|explicit knowledge]], [[Intellectual property | intellectual property]] and [[Knowledge|knowledge]] of the individual members of the organisation. Organisations put investments in their knowledge assets with the expectation that future benefits can be drawn of them. These investments include use of any [[Business process|business processes]] or [[Tool|tools]] that increase the value of knowledge in the organisation. [[Knowledge management]] provides organisations with the [[Tool|tools]] and [[Knowledge process|processes]] to manage their knowledge assets. |
== Description== | == Description== | ||
| − | + | Knowledge asset refers to an economical view of organization's [[Knowledge|knowledge]]. Knowledge assets are developed via investments with the expectation that this investment enhances potential income earning of the organization. Examples of knowledge assets include [[Best practice | best practices]], codified [[Explicit knowledge|explicit knowledge]] and [[Intellectual property | intellectual property]]. As part of organisation's knowledge is embedded in people, knowledge asset inevitably overlaps with [[Human capital|human assets]] and includes also [[Knowledge|knowledge]] of the individual members of the organisation, see Fig 1. | |
| − | ''' | + | [[File:Assets.png|400px|thumbnail|right|Fig 1. Knowledge asset as a part of organization's intangible assets.]] |
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| + | Nonaka et al defines knowledge assets as "firm-specific resources that are indispensable to create values for the firm". They divide knowledge assets into four categories: experiential knowledge assets, conceptual knowledge assets, routine knowledge assets and systemic knowledge assets [1]. Experiential knowledge assets include know-how of individuals and routine knowledge assets the [[Tacit knowledge|tacit knowledge]] which is embedded in the daily routines of the organisation. Systemic knowledge assets include the codified [[Explicit knowledge|explicit knowledge]] of the organisation which is stored e.g. in documents or [[Database|databases]]. Finally, conceptual knowledge refers to explicit knowledge which is expressed in symbolic form, including designs and brands. For more details, see table below. Nonaka et al also connect the development of these knowledge assets into the [[SECI model]] of knowledge conversion. However, the SECI model does not provide practical guidance on the management of knowledge assets. | ||
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| + | {| class="wikitable" | ||
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| + | '''Experiential knowledge assets''' | ||
| + | * [[Tacit knowledge]] and know-how of individuals | ||
| + | || | ||
| + | '''Conceptual knowledge assets''' | ||
| + | * [[Explicit knowledge]] articulated through symbols, e.g. designs | ||
| + | |- | ||
| + | || | ||
| + | '''Routine knowledge assets''' | ||
| + | * Organisational routines | ||
| + | * [[Organizational culture]] | ||
| + | || | ||
| + | '''Systemic knowledge assets''' | ||
| + | * Documents | ||
| + | * [[Database|Databases]] | ||
| + | * [[Intellectual property]] | ||
| + | |} | ||
| + | |||
| + | While [[Human capital | human capital]] can be described as an asset that walks out in the end of each day, knowledge assets include codified or documented assets. Thus also management of knowledge assets is more versatile. [[Knowledge management]] and the related KM tools and [[Knowledge process|knowledge processes]] provide organisations with the means to manage their knowledge assets. | ||
== References == | == References == | ||
| + | [1] Nonaka, Toyama, Konno, 2000, SECI, Ba and Leadership: a Unified Model of Dynamic Knowledge Creation in Long Range Planning 33. | ||
==Related articles== | ==Related articles== | ||
[[Knowledge]] | [[Knowledge]] | ||
| − | + | [[Intangible asset]] | |
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| − | [[Intangible | + | |
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| − | [[ | + | [[SECI model]] |
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| − | [[ | + | [[Category:Intangible asset]] |
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Latest revision as of 11:05, 21 December 2015
Definition
Those parts of an organization's intangible assets that are knowledge such as know-how, best practices, and intellectual property. Knowledge asset is often used as a synonim with intellectual asset
Summary
Knowledge assets include the part of organisations intangible assets that are knowledge, such as best practices, codified explicit knowledge, intellectual property and knowledge of the individual members of the organisation. Organisations put investments in their knowledge assets with the expectation that future benefits can be drawn of them. These investments include use of any business processes or tools that increase the value of knowledge in the organisation. Knowledge management provides organisations with the tools and processes to manage their knowledge assets.
Description
Knowledge asset refers to an economical view of organization's knowledge. Knowledge assets are developed via investments with the expectation that this investment enhances potential income earning of the organization. Examples of knowledge assets include best practices, codified explicit knowledge and intellectual property. As part of organisation's knowledge is embedded in people, knowledge asset inevitably overlaps with human assets and includes also knowledge of the individual members of the organisation, see Fig 1.
Nonaka et al defines knowledge assets as "firm-specific resources that are indispensable to create values for the firm". They divide knowledge assets into four categories: experiential knowledge assets, conceptual knowledge assets, routine knowledge assets and systemic knowledge assets [1]. Experiential knowledge assets include know-how of individuals and routine knowledge assets the tacit knowledge which is embedded in the daily routines of the organisation. Systemic knowledge assets include the codified explicit knowledge of the organisation which is stored e.g. in documents or databases. Finally, conceptual knowledge refers to explicit knowledge which is expressed in symbolic form, including designs and brands. For more details, see table below. Nonaka et al also connect the development of these knowledge assets into the SECI model of knowledge conversion. However, the SECI model does not provide practical guidance on the management of knowledge assets.
|
Experiential knowledge assets
|
Conceptual knowledge assets
|
|
Routine knowledge assets
|
Systemic knowledge assets
|
While human capital can be described as an asset that walks out in the end of each day, knowledge assets include codified or documented assets. Thus also management of knowledge assets is more versatile. Knowledge management and the related KM tools and knowledge processes provide organisations with the means to manage their knowledge assets.
References
[1] Nonaka, Toyama, Konno, 2000, SECI, Ba and Leadership: a Unified Model of Dynamic Knowledge Creation in Long Range Planning 33.
