Intellectual Capital and External Environment Link in Organisations

Chak-Wai (Eric) Kong

Research output: Book chapter/Published conference paperConference paperpeer-review

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Abstract

Intellectual capital (IC) is generally categorised into three primary interrelated components: human capital (HC), structural capital (SC), and relational capital (RC). The popular 'value platform' has been widely used to help managers to visualise the importance of value creation through the interactions of the three IC components. However, organisations do not exist in vacuum. External environment conditions are crucial to organisations' ability to function as well as knowledge transfer from and to the organisations. A review of the literature and a series of in-depth interviews with 36 senior executives from 23 organisations in Australia reveal that there is a strong link between IC and external environment in organisations. A better understanding of the link enables organisations to better manage their intellectual resources and external environmental conditions. The paper contributes to the existing IC literature by suggesting a modified IC conceptual framework which highlights the importance of external environment in the today's knowledge economy.
Original languageEnglish
Title of host publication21st ANZAM conference
Subtitle of host publicationManaging our intellectual and social capital
EditorsRoss Chapman
Place of PublicationLindfield, Australia
PublisherANZAM/Promaco
Pages0-12
Number of pages13
ISBN (Electronic)1863081402
Publication statusPublished - 2007
EventAustralian and New Zealand Academy of Management Conference - Sydney, NSW Australia, Australia
Duration: 04 Dec 200707 Dec 2007

Conference

ConferenceAustralian and New Zealand Academy of Management Conference
CountryAustralia
Period04/12/0707/12/07

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