Utilizing Intangible Assets in the Worlds of Production

By Petros Kostagiolas and Stefanos Asonitis.

Published by The Organization Collection

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Article: Print $US10.00
Article: Electronic $US5.00

The concept of intangible assets can be recognized in all human activities from the origins of civilization. In the onset of the new millennium, intangible assets are becoming more and more important as productivity contributors in economies all over the world. Indeed, as the economy of knowledge evolves, the utilization of intangible assets is increasing within both profit and non-profit organizations. However, over the years it is observed that there is a difference in their utilization as a percentage of the total firms’ capitalization. This paper, through a literature review, initially provides a definition and a classification of intangible assets as structural elements of the Knowledge Capital. The intellectual capital is thus classified as Human Capital (HC), Structural Capital (SC) and Relational Capital (RC). The utilization of the three types of intangible assets, and their management in production processes is examined within the framework of the four Worlds of Production, i.e. Industrial World, Market World, Interpersonal World and the World of Intellectual Resources.

Keywords: Intangible Assets, Human Capital, Structural Capital, Relational Capital, Knowledge Capital, Worlds of Production

International Journal of Knowledge, Culture and Change Management, Volume 8, Issue 2, pp.1-8. Article: Print (Spiral Bound). Article: Electronic (PDF File; 571.112KB).

Petros Kostagiolas

Lecturer, Department of Archive and Library Science, Ionian University, CORFU, CORFU, Greece

Petros A. Kostagiolas is a Lecturer in Management of Information Services at Archive and Library Science Department of Ionian University, Greece. He holds a Ph.D. from the University of Birmingham, U.K., and his special interest is in quality management topics in library and information services, social science methods and the impact of information services on society. At the university, he teaches library management, quality management, and research methodology.

Stefanos Asonitis

Research Student, Department of Archive and Library Science, Ionian University, CORFU, CORFU, Greece

Stefanos Asonitis is a Mathematician and holds a M.Sc. from the Department of Archive and Library Science, Ionian University, Corfu. His research interests focus on quantitative research in management and social science.

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