BUS 497A Lecture Notes - Lecture 4: Tacit Knowledge, Social Capital, Human Capital
Document Summary
People are an intellectual asset and as far as intellectual assets, that doesn"t represent, you can"t put them on the books on paper. Companies can be worth alot more as much as their intellectual asset which shows on paper. We are talking about social capital and human capital. As far as knowledge is concerned, it can be concerned. Shared only with the consent and participation of the individual. Has organization effectively used technology to codify knowledge for competitive advantage. Can be reused many times at very low cost. Chef writes it down, then it is explicit. We have the knowledge and teach other people. This is the knowledge, type of intellectual asset, and it is not written or apart of the book. Hired to write a book that has this recipe, we can record that. So that is the key thing as well.
