Opis: Intangible Management Tools for Solving the Accounting - Ken Standfield, Andrew Torre, Standfield

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 per cent of the value of most publicly listed firms. For example, Time Warner has only 6.49 per cent 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 per cent of its value. For General Electric (worth over US$450 billion), tangibles account for less than 11 per cent 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. It shows how intangible values can be identified, measured, and managed. It presents a revolutionary and innovative taxonomy with a new set of accounting tools. "Ken Stanfield is among the greatest thinkers in the field of KM. He addresses real issues that enterprises are grappling with. His approach to Intellectual Asset Management helps business leaders to make the transition from the traditional way of valuing business enterprises. This book is long overdue. Congratulations Ken and team." --Nsombi Jaja, Director, Quality Management Consulting, JamaicaIntroduction 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

Szczegóły: Intangible Management Tools for Solving the Accounting - Ken Standfield, Andrew Torre, Standfield

Tytuł: Intangible Management Tools for Solving the Accounting
Autor: Ken Standfield, Andrew Torre, Standfield
Producent: Academic Press
ISBN: 9780126633511
Rok produkcji: 2002
Ilość stron: 261
Oprawa: Miękka
Waga: 0.42 kg

Recenzje: Intangible Management Tools for Solving the Accounting - Ken Standfield, Andrew Torre, Standfield