Review knowledge management
DGFP Magazin: Personnel Management
Managing directors and the whole company
Chances and limits of intellectual capital report - Review by Ursula Hesselmann
The term „intellectual capital statement“ is often controversially discussed in practice and has different expectations. While the classic balance sheet relates to the company’s monetary values, the intellectual capital statement is aimed at intellectual capital that is difficult to grasp, i.e., employees, structures, and relationships. Manfred Bornemann and Rüdiger Reinhardt show how an intellectual capital statement works and what design options there are for a company’s employees in the „Handbook of intellectual capital statements – implementation and case studies“. Ursula Hesselmann read the book.
In a total of eleven chapters, Dr. Manfred Bornemann (Managing Director of Intangible Assets Consulting GmbH and member of the „Knowledge Balance“ working group) and Dr. Rüdiger Reinhardt (Professor of Business Administration and Human Resources Management and Head of the Business Psychology course at the Fern-Hochschule Riedlingen), explain how knowledge in organizations can be specifically recorded, evaluated, and controlled. For this purpose, the basics and the methodology of the intellectual capital statement are presented in practice, the importance of intellectual capital is discussed, and interfaces to other management instruments are shown.
Individual steps are explained
In addition, the individual steps for creating an intellectual capital statement are explained in detail and illustrated with case studies by users. According to Bornemann and Reinhardt, the intellectual capital statement contributes to higher competitiveness, better use of intangible assets, and a clear strategic orientation of organizations. As an internal control instrument, the intellectual capital statement names the adjusting screws that influence the various processes and strategies. This makes the instrument suitable as a strategic early warning system for holistic corporate management.
The process for creating an intellectual capital statement is shown in the book as follows: As an introduction, a business model should be developed in the company with the help of a SWOT analysis, in which existing documents such as vision, strategy, and business processes are incorporated. The focus is on intangible …
Overall, Manfred Bornemann and Rüdiger Reinhardt have developed a deep and broad insight into the definition and implementation of an intellectual capital statement with their manual. The method and the individual steps for creating such a balance sheet are clearly and comprehensibly described. However, the reader is repeatedly asked …
Unpleasant are references to websites that cannot be found, a partially inconsistent summary of tips and frequent repetitions. The list in the table of contents (from page XI) tends to overwhelm the reader rather than offering orientation. Inaccurate definitions of …
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