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The Wealth of Knowledge: Intellectual Capital and the Twenty-first Century Organization Hardcover – December 26, 2001
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From Publishers Weekly
Copyright 2001 Cahners Business Information, Inc.
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Copyright 2002 Reed Business Information, Inc.
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Top Customer Reviews
When the author says "It's time to gather the grain and torch the chaff," his book over-all tells me he is talking about brain-power and a culture of thinking (the grain) and counterproductive information technology and irrelevant financial audits (the chaff).
This is one of those rare books that is not easily summarized and really needs to be read in its entirely. A few items that jumped out at me:
1) Training is a priority and has both return on investment and retention of employee benefits that have been under-estimated.
2) All major organizations (he focused on business, I would certainly add government bureaucracies) have "legal underpinnings, ..systems of governance, ..management disciplines, ..accounting (that) are based on a model of the corporation that has become irrelevant."
3) Although one reviewer objected to his comments on taxation, the author has a deeper point--the government is failing to steer the knowledge economy because it is still taxing as if we had an industrial economy--this has very severe negative effects.
4) As I read the author's discussion of four trends he credits to John Hagel of I2, it was clear that "intelligence" needs to be applied not only to single organizations, but to entire industries. In my view, this author is quite brilliant and needs to be carefully cultivated by the U.S. Chamber of Commerce, all of the industry associations, and by governments. There are some extremely powerful "macro" opportunities here that his ideas could make very profitable for a group acting in the aggregate.Read more ›
As it turns out, that is exactly what Tom Stewart does in The Wealth of Knowledge. At last, I say. In essence, its a book that looks at some of the "best practices" of companies that are doing exactly that, informed by Stewart's unique ability to connect the dots, and make sense of what is surprisingly fuzzy in the existing literature. I've followed Stewart's column, The Leading Edge, on and off again for years in Fortune, as he first began to chart these waters. I'm hardly surprised that he's the one to help tell us how to put the petal to the metal, and show how to use the knowledge that most businesses are really built upon. Hats off to you, sir.
- Chris Locke, author of Gonzo Marketing: Winning Through Worst Practices, and co-author of The Cluetrain Manifesto.
Yossarian exploring the wily chambers of an insane McNamarian bureaucracy
that is the inner workings of the WWII military campaign in Europe. Milo
Minderbinder counterparts Yossarian's character by exploring capitalism
gone wild. Heller deliciously wraps the whole thing up such that every
chapter, every page, every paragraph and in some cases every sentence
begins and ends with a catch-22.
Tom Peters is a sharp tack. Back when the US had more serious
business problems to attend to including 10% inflation, 20% prime
interest rates, 10% unemployment, and Japanese Kereitsu's
managing circles around America's best and brightest Drukerarians,
Peters and his McKinsey side-office cohort Bob Waterman fired the first
shot in the new economy by exploring the bureaucracy and social
organization of what makes excellent companies.
Thomas Stewart is the best of both authors. His new book has flagged an
inflection point in the evolution of high tech management. He
bookends every chapter, every page, every paragraph with fresh managerial
insight and survey that would make Peters proud and a anecdotal familiarism
which stems from knowing every major C-level executive at all the thought
leading companies doing "cool work." "The Wealth of Knowledge" weaves
the do's and don'ts of corporate lore into a terrific read that only Heller
can rival in fiction exploring the catch-22 of tangible accounting and measuring, creating
and managing a corporation's intangible assets--namely Intellectual Capital.
Most Recent Customer Reviews
Business corporations of old were formed out of physical assets such as real estate, buildings, and machinery. Read morePublished on January 2, 2003 by Max More
This is Tom Stewart in his usual form: provocative, speculative, and challenging conventional logic. Read morePublished on November 29, 2002 by A. Tiwana
A compelling and eminently practical book. Packed with examples and case studies, The Wealth of Knowledge builds a bridge between the abstract world of Intellectual Capital theory... Read morePublished on May 16, 2002 by David Brett
The author's offhand comment on page 19 "...taxation--some loonies call it theft--..." was not needed to make his point. Read morePublished on May 13, 2002
The author posits in this three part book that organizations that effectively manage their knowledge assets - patents, copyrights, databases, as well as workers' skills,... Read morePublished on March 8, 2002 by Craig L. Howe