The Wealth of Knowledge: Intellectual Capital and the Twenty-first Century Organization
Author: Thomas A. Stewart
List Price: $27.50
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ISBN: 0385500718
Publisher: Currency (26 December, 2001)
Sales Rank: 92,701
Average Customer Rating: 4.7 out of 5
Customer Reviews
Rating: 4 out of 5
Engaging book, sometimes lacking focus
Business corporations of old were formed out of physical assets such as real estate, buildings, and machinery. Over the last few decades, and accelerating as we move into the 21st century, businesses have increasingly shifted emphasis to intangible assets, including brands, patents, relationships, knowledge, and organizational culture. Yet accounting methods and much input into strategy and decision-making have lagged behind this trend. Stewart, author of Intellectual Capital and a Fortune columnist, has produced an impressive book that investigates many aspects of the knowledge enterprise and the role of intellectual capital. The three main sections are "The Theory of a Knowledge Business", "The Disciplines of a Knowledge Business", and "The Performance of a Knowledge Business". The weakness in this range is that it appears that Stewart has thrown in topics that have little relation to the main point of the book. Each chapter, with a few exceptions, can be read separately as they do not build one on another effectively. Some of the chapters are particularly rewarding: Chapter 10 looks at how to support knowledge processes; chapter 12, "The Human Capitalist", gathers some interesting thoughts on work and pay for intellectual capitalists, and chapter 13 covers several recent views on how to account for intangibles. The book is definitely worth picking through for the many nuggets but would have been improved with a tighter focus and a stronger theoretical framework. Faults are easy to miss and, when not missed, to forgive thanks to Stewart's undeniable talent as an entertaining writer.
Rating: 5 out of 5
brilliant ideas - and the man can write!
Tom Stewart is the world's foremost authority on intellectual capital, which is no small recommendation in itself. But here's an equally important consideration for anyone thinking about buying this book: he won't bore you to death! If you've read much in this general area, you know that such a fatal end often awaits the unwary reader. In sharp contrast, this guy knows how to tell a story, and The Wealth of Knowledge is packed with them -- hugely engaging anecdotes drawn both from his own broad journalistic experience and from spirited conversations with an amazing array of business leaders. None of which is to imply that the theoretical foundations are glossed over. Stewart clearly has a wealth of knowledge himself in these matters. He imparts what he's learned in a way that not only enlightens, but also makes you want to keep reading. Solid, grounded and profoundly useful insights. Highly entertaining. Highly recommended.- Chris Locke, author of Gonzo Marketing: Winning Through Worst Practices, and co-author of The Cluetrain Manifesto.
Rating: 5 out of 5
Good read, provocative ideas
This is Tom Stewart in his usual form: provocative, speculative, and challenging conventional logic. The writing style is lucid and the discussion of KM technolgy (2 chapters) is commendable. Just a few phrases and metaphors that is uses in the book make it a worthy read. Definitely worth the money. Buy it, but read it slowly. There is much tacit knowledge between the lines! Similar Products
Working Knowledge
Intellectual Capital: Realizing Your Company's True Value by Finding Its Hidden Brainpower
If Only We Knew What We Know: The Transfer of Internal Knowledge and Best Practice
Intellectual Capital: The New Wealth of Organizations
Harvard Business Review on Knowledge Management (Harvard Business Review Series)
Book Index