Thursday, September 26, 2019

Exemplary Research Essay Example | Topics and Well Written Essays - 1000 words

Exemplary Research - Essay Example These two papers have been used to demonstrate how a management strategy can be built on the basis of intellectual capital for better performance in the goal achievement arena. To begin with, traditionally, organisations have been seen to work on the premise of three basic factors of production – land, labour and capital. These three factors have been hailed as equally important with labour always having occupied a special place of importance. In this regard, the three factors of production were enough to nicely and simply sum up the requirements of an organisation. (Nahapiet et al, 1998) The modern day organisation used four factors of production or four basic categories of resources: land, labour, capital and expertise. With the advent of various technologies and trends like globalisation, there has been a strong emphasis on the growth of manpower development along the lines of securing employees as long term assets in whose hands the growth of company lies. This is where the term expertise comes in. (Lumpkin et al, 1996) Expertise means many things to many people due to the sole reason that it includes a lot of elements that contribute to the organisation strength when it comes to the achievement of goals. This has basically been used in Non governmental organisations, but has recently been added to every corporation’s list of priorities. This brand of expertise gives rise to intellectual capital through a strategic growth and development process of the organisation’s human capital. These two papers deal with the study of intellectual capital as a form of social capital within the corporate sphere in terms of its brand asset relevance aspect. In this respect, it has been realised that intellectual capital needs to be measured to chart and track the course that is being followed by the organisation and the people within it, as far as reaching and achieving goals is concerned. (Nahapiet et al, 1998) Whether it is in the Research

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