LL6: Managing Structural Capital: The
Dynamics of Knowledge
In
today’s economy, innovation is considered to be one of the main driving forces
behind business competitiveness. Superior innovation provides companies with the
opportunities to grow faster, better, and smarter than their competitors, and
ultimately, to influence the direction taken by their industry.
Establishing
and maintaining relationships are costly processes that should be considered as
investments. Consequently, relationships and the uses to which they can be put
should be seen as part of the stock of capital of the firm. In fact, relationships
can be seen as part of the firm’s intellectual capital.
As
I see it, structural capital allows for organizational effectiveness
improvement through the transmission of knowledge.
For
organizations mostly, changes are faster than their speed in responsibility and
the ability for adjustment. In this space, organizations face with
opportunities and threats. Therefore each invention and innovation causes
change that may create opportunity for organization. So having proper
structural capital is very important. Organizations should develop their new
products and share clear vision in order to improve the effectiveness of their
new product development performance.
No comments:
Post a Comment