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Tools for Solving the Accounting and Management Crisis
To order this title, and for more information, click here
By
Ken Standfield, The International Intangible Management Standards Institute, Australia
Description
For the recorded history of management, the world has managed value creation according to what can be seen, touched and proven. In today's
knowledge-based economy, value creation is derived primarily from how well firms manage intangibles (knowledge, service, expectations,
response time, innovation, change management, etc). The large capital outlays that signified the manufacturing economy are no longer
required. In fact, such 'tangibles' now explain less than 20% of the value of most publicly listed firms. For example, Time Warner has
only 6.49% of its value attributable to tangibles. As such, for every $1 of true value, only $0.065 cents is being measured and managed
by conventional management practices. For Oracle Corporation, tangibles account for only 4% of its value. For General Electric (worth
over US$450 billion), tangibles account for less than 11% of its value.
Intention, context, emotional intelligence, escalation, and sustainability
are words that are generally absent from the operational management techniques of managers worldwide. They form, however, the basis of
skills required to manage organizations in today's knowledge-based economy. The authors investigate the ways that intangible values can
be identified, measured, and managed. Their revolutionary and innovative taxonomy not only reveals fundamental differences between a
manufacturing economy and one which creates value through knowledge, relationships, and time. By using case studies, a compelling mixture
of theory and applications, and a set of accounting tools, the authors demonstrates how a new value framework can protect investors while
giving companies the ability to generate long-term growth.
Audience
Upper division undergraduate and graduate students in business and information science programs; professionals involved in knowledge management, knowledge development, and information management.
Contents
Introduction
The Failings of Conventional Management
What Knowledge Managers Need to Know
Intangible Operating Structures
The Asset vs.
Expense Debate
Intangible Bookkeeping and Intangible Accounting
Intangible Bookkeeping
Foundations of Intangible Management
Intangible
Cost Management
Emotion and Time Studies
Identifying Non-Productive Time
Knowledge Application Costs
Intangible Information Management
IIS21001 Knowledge Reengineering Standard
Examples of IIS21001 Knowledge Reengineering
Intangible Cost Structures
The Traditional Economic
Approach to Measuring Economic Profit
| Bibliographic details |
Paperback, 261 pages, publication date: JUN-2002
ISBN-13: 978-0-12-663351-1
ISBN-10: 0-12-663351-7
Imprint: ACADEMIC PRESS
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| Price and Ordering |
Price:
EUR 47.95
GBP 41
USD 63.95
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Last update: 4 Sep 2009
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