Knowledge Assets Professional's Guide to Valuation and Financial Management [Paperback]

Mark K. Clare (Author), Arthur W. Detore (Author)

Book Description

ISBN-10: 0156070006 | ISBN-13: 978-0156070003 | Publication Date: April 15, 2000

This guide provides a rigorous financial framework for analysing the costs, benefits, and risks associated with investing in the knowledge asset of an organisation. The guide combines selected tools from value-based management and financial economics with proven methods from knowledge management to create a method for valuing knowledge strategies, knowledge programmes, and projects.

Editorial Reviews

From the Author

We define knowledge management as a set of management activities designed to leverage the knowledge assets of the organization in order to create economic value for employees, customers, and shareholders. With knowledge as the key resource in today's economy, interest and activity in knowledge management is very high. Large and small companies around the world will invest billions of dollars over the next several years to improve how they create, share, and use knowledge to serve the customer, develop human capital, and increase shareholder value. This creates a real and urgent need for a way to determine the benefits, costs, and risks associated with KM strategies and projects.

This book is written for practitioners by practitioners. It is principally intended for financial and knowledge management professionals interested in putting the field of knowledge management on a more formal footing and dealing systematically with the most urgent valuation challenges it presents. This book also will be of value to strategy, human resource (HR), and information technology (IT) professionals interested in developing a formal understanding of knowledge assets and how best to leverage them to create value or employees, customers, and shareholders.

To strengthen the value of this book for the practitioner, we have included exercises (and solutions), practice aids, and simple software tools (e.g., spreadsheets), which are designed to accelerate the applications of the concepts and methods resented in this book to the practical KM challenges in your organization.

From the Inside Flap

Using our experts' six-step methodology, you'll discover a more accurate way to analyze the costs, benefits, and risks associated with improving and expanding the knowledge assets of your organization.

You'll learn how to: Leverage knowledge assets to create real economic value; drive the value of knowledge assets visibly into financial statements; create hard numbers using simple spreadsheets and formulas; align customers employee, and shareholder interests; and, more!

You'll find real-world examples that illustrate how this unique and effective approach to managing knowledge assets can be implemented in your organization. Plus, our experts will help you prepare for the future with coverage of current research on the coming decade's key challenges.

In addition to the book's practical strategies, you'll receive a FREE companion CD-ROM full of sample documents and electronic spreadsheets, including ROV, DCF, and sensitivity analysis calculators. All these documents are compatible with Word and WordPerfect or with Excel, for Windows.

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Product Details

• Paperback: 475 pages
• Publisher: Aspen (April 15, 2000)
• Language: English
• ISBN-10: 0156070006
• ISBN-13: 978-0156070003
• Product Dimensions: 8.9 x 5.9 x 1.2 inches
• Shipping Weight: 1.6 pounds
• Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
• Amazon Best Sellers Rank: #2,510,934 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

4 of 5 people found the following review helpful:

5.0 out of 5 stars Finally, a Very Practical Guide, August 23, 2000

By 

T. Coyne (San Francisco, CA USA) - See all my reviews
(REAL NAME)   

This review is from: Knowledge Assets Professional's Guide to Valuation and Financial Management (Paperback)

"Knowledge Management", "Intellectual Capital", "Organizational Learning" and similar concepts all aim to help managers create more competitive success and shareholder value through better use of their firm's intangible assets (e.g., individual and collective knowledge, be it explicit or tacit). In spite of the intuitive appeal of these ideas, in too many organizations managers have a hard time applying them practically and measuring their results. This book directly addresses these issues in a manner that is both accessible and practical. To be sure, many more articles and books will be written on this subject; this one, however, should stand the test of time because of its usefulness to managers who actually have to implement these ideas and live with their results.