- Hardcover: 171 pages
- Publisher: Praeger (May 5, 2010)
- Language: English
- ISBN-10: 0313380740
- ISBN-13: 978-0313380747
- Product Dimensions: 0.8 x 6.2 x 9.2 inches
- Shipping Weight: 1 pounds (View shipping rates and policies)
- Average Customer Review: 13 customer reviews
- Amazon Best Sellers Rank: #171,415 in Books (See Top 100 in Books)
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Intangible Capital: Putting Knowledge to Work in the 21st-Century Organization
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"…brilliant new book…This is a must read." - thinkipstrategy.com
"It's much more fun to read than the rather solemn title suggests, combining strands of history, economics, management, metaphor and common sense, personal experience and anecdote. It's also a monument to the metamorphosis of management and asset management philosophies from the age of bricks and mortar to the world of the internet. …Since the right answers are (i) business-specific and (ii) change in time, while the right questions can be applied more generally and are less subject to the vicissitudes of commercial fashion, this is altogether a greater benefit to the reader." - ipfinance.blogspot.com
"If you want to know what issues businesses will be grappling with in the next few years, read Intangible Capital and think about the possible impacts as, not if, the ideas presented in this book come to pass." - innovateonpurpose.blogspot.com
"The book provides tips that will help managers adapt to the knowledge-based economy and measure the true effect of intangibles on the bottom line." - IP Spotlight
"Intangible Capital is a breakthrough book. Adams and Oleksak have managed the near impossible: to make the complex topic of intangible assets understandable and meaningful to businessmen, policymakers and the general public. I consider this a guidebook to the economy of the 21st Century." (Kenan Jarboe
President, Athena Alliance)
"Mary Adams and Michael Oleksak bring a much needed new perspective on value and wealth to the M&A marketplace with this insightful book highlighting Intangible Capital. Because of the primary historical focus on tangible assets only, financial advisors and investors of all types would be well served to study this overview very carefully before doing deals in this new century. Seeing the intangible side of a business as the 'New Factory' truly is now an essential skill for middle market dealmakers of all types." (Michael R. Nall, Founder, Alliance of M&A Advisors)
"In the sea of hype about how different the world of enterprise is today, Intangible Capital: Putting Knowledge to Work in the 21st Century Organization by Mary Adams and Michael Oleksak offers a perspective that is simple, pragmatic and profound. There are no over simplified formulas, no tedious academic discussions – just solid well grounded insights into what is most critical for success today. They clearly identify the roots of wealth creation, the networking skill sets that are required to realize value and the new accounting guidance system that keeps everything on track. Adams and Oleksak have created one of the most readable and practical books ever on intangibles!" (Verna Allee, CEO ValueNetworks.com and author of The Future of Knowledge: Increasing Prosperity through Value Networks)
"With the perspective uniquely available to bankers-turned-management consultants, Mary Adams and Michael Oleksak brilliantly weave the sometimes-esoteric paradigms of accounting, finance, and intellectual capital into an accessible operational framework. Intangible Capital while actionable, is unquestionably a revolutionary call to action. It is a must-read for any business leader who wants to know how to extract the most benefit from today's sources of business value." (Nir Kossovsky, Executive secretary, Intangible Asset Finance Society and author of Mission: Intangible. Managing risk and reputation to create enterprise value)
Top customer reviews
What makes Intangible Capital most interesting is an approach that is simple to begin, but can build into a very powerful toolset. The lego technique for visualizing the interrelationships of IC is both enlightening and fun. I highly recommend Intangible Capital to anyone trying to understand the hidden capital in their organization.
Intangible Capital is an excellent insight into a mature and smart approach to running a business. I found the book demonstrates the importance of intangible assets and maps out how to identify these assets, make them visible in accounting terms and increase the value of a company. But perhaps more importantly to me, the book explains how to leverage intangible assets to create growth and in this time of economic crisis smart, long-term thinking may be the essential ingredient that has been missing in developing sustainable businesses and long-term growth and profits. Intangible Capital (often called intellectual capital) demonstrates there is a smarter way of analysing and progressing a business since the intangible is omnipotent and therefore unavoidable, this means if we are not managing the intangible assets of the business we are not really managing the business to its full potential (Mary & Michael point out that more than 70% of business assets are intangible).
I found the book packed with real surprises, while the book is well laid out and very informative, some pages were extremely enlightening and kept me wanting more, there are so many lessons for top managers, middle and lower managers, all employees and students within these pages. The book highlights that managers should be aware of their intangible capital so that they are able to assess how it impacts current performance and how they will be able to improve future performance through improved understanding and control of intangible assets. This means that more intelligent decisions are possible improving people, process and relationships and reducing or eliminating risk. Capturing intangibles is made easier with a series of worksheet exercises enabling readers to apply the lessons from the book, this gives the book real value to a business far greater than the few dollars invested in its purchase, since the execution matters a great deal more than the idea, Mary and Michael show you not just the 'why' but the 'how' aswell!
Mary and Michael state that they 'are out to help business people everywhere get a little smarter' and this book certainly achieves this objective. Certainly, knowledge of Intangible Capital is a must for business leaders everywhere, this type of thinking should be available at all levels of education to help nurture great future leaders! The new economy that will rise out of this great recession will do no better without the lessons from 'Intangible Capital'. Perhaps now, after this practical handbook, the business world will start analysing and tracking its intangible capital and use the knowledge to develop real long-term sustainable results in a new smarter perspective.
IDF Business Consultants