Challenges for the University Intellectual Capital in the Knowledge Economy

Contantin BRĂTIANU, Florina PÎNZARU

Abstract


Universities have always been fundamental institutions in any society due to their enduring mission of creating new knowledge through research, of training generations of professionals, and providing service for community. They have a long life cycle and need to adapt continuously to their changing environments. In the last decades, the emergence and development of knowledge society put forward new challenges to universities and to managing their intellectual capital. The purpose of this paper is to present three main challenges for the university intellectual capital in the knowledge economy, and to discuss how these challenges can be achieved. These challenges are the following: 1) to unfold the Gordian knot of the canonical model of intellectual capital; 2) to go beyond the Newtonian logic in intellectual capital evaluation and reporting; and 3) to integrate intellectual capital in the strategic thinking of the university. All of these challenges are strongly related to the university performance.

Full Text:

PDF

References


Abhayawansa, S.A. (2014). Milestones in the Development of Intellectual Capital Reporting. International Journal of Business and Management, 9(2), 114-123.

Andriessen, D. (2004). Making Sense of Intellectual Capital. Designing a Method for the Valuation of Intangibles. Amsterdam: Elsevier.

Andriessen, D., and Tissen, R. (2000). Weightless Wealth: Find Your Real Value in a Future of Intangibles Assets. London: Financial Times/ Prentice Hall.

Barney, J.B. (1991). Firm Resources and Sustained Competitive Advantage. Journal of Management, 17(1), 99-120.

Bok, D. (1990). Universities and the Future of America. Durham: Duke University Press.

Brătianu, C. (2008). A Dynamic Structure of the Organizational Intellectual Capital. In M. Naaranoja (Ed.), Knowledge Management in Organizations (pp.233-

. Vaasa: Vaasan Yliopisto.

Brătianu, C. (2009). The Frontier of Linearity in the Intellectual Capital Metaphor. Electronic Journal of Knowledge Management, 7(4), 415-424.

Brătianu, C. (2011). Universities as Knowledge-Intensive Learning Organizations. In A. Eardley and L. Uden (Eds.), Innovative Knowledge Management: Concepts for Organizational Creativity and Collaborative Design (pp.1-17), Hershey: IGI Global.

Brătianu, C. (2014). Intellectual Capital of the European Universities. In A.M. Dima (Ed.), Trends in European Higher Education Convergence (pp.24-43), Hershey: IGI Global.

Brătianu, C. (2015). Organizational Knowledge Dynamics: Managing Knowledge Creation, Acquisition, Sharing, and Transformation. Hershey: IGI Global.

Brătianu, C., and Bolisani, E. (2015). Knowledge Strategy: An Integrated Approach for Managing Uncertainty. In Proceedings of the 16th European Conference on Knowledge Management, The University of Udine, Italy, September 3-4.

Brătianu, C., and Orzea, I. (2013a). Unfolding the Gordian Knot of the University Intellectual Capital. The Electronic Journal of Knowledge Management, 11(3), 214-225.

Brătianu, C., and Orzea, I. (2013b). The Entropic Intellectual Capital Model. Knowledge Management Research & Practice, 11(2), 133-141.

Brătianu, C., Dima, A.M., Vasilache, S., and Orzea, I. (2012). Nonlinear Integrators and Intellectual Capital Dynamics. Bucharest: Curtea Veche.

Brooking, A. (1996). Intellectual Capital: Core Assets for the Third Millennium Enterprise. London: International Thomson Business Press.

Chatzkel, J. (2004). Moving through the crossroads. Journal of Intellectual Capital, 5(2), 337-339.

Damasio, A. (2012). Self Comes to Mind. Constructing the Conscious Brain. New York: Vintage Books.

Davenport, T.H., and Prusak, L. (2000). Working Knowledge. How Organizations Manage what they Know. Boston: Harvard Business School Press.

De Nito, E., Gentile, T.A.R., and Vesperi, W. (2015). A Literature Review on Knowledge Management in the Universities. In 10th International Forum on Knowledge Asset Dynamics, University of Bari, Italy, June 10-12.

Duderstadt, J.J. (2000). A University for the 21st Century. Ann Arbor: The University of Michigan Press.

Dumay, J. (2009). Reflective Discourse about Intellectual Capital: Research and Practice. Journal of Intellectual Capital, 10(4), 489-503.

Dumay, J. (2012). Grand Theories as Barriers to Using IC Concepts. Journal of Intellectual Capital, 13(1), 4-15.

Dumay, J. (2013). The Third Stage of IC: Towards a New IC Future and Beyond. Journal of Intellectual Capital, 14(1), 5-9.

Dumay, J., and Adams, M. (2014). The Learning Journey of IC Missionaries: Intuition, Control and Value Creation. The Electronic Journal of Knowledge Management, 12(2), 128-136.

Dumay, J., and Garanina, T. (2013). Intellectual Capital Research: A Critical Examination of the Third Stage. Journal of Intellectual Capital, 14(1), 10-25.

Edvinsson, L. (2002). Corporate Longitude. What You Need to Know to Navigate the Knowledge Economy. London: Prentice Hall.

Edvinsson, L. (2013). IC 21: Reflections from 21 Years of IC Practice and Theory. Journal of Intellectual Capital, 14(1), 163-172.

Edvinsson, L., and Malone, M. (1997). Intellectual Capital: Realizing Your Company’s True Value by Finding its Hidden Brainpower. New York: Harper Business.

Elena, S., and Leitner, K.H. (2013). Coupling with Standardization and Diversity: Intellectual Capital Reporting Guidelines for European Universities. In Proceedings of the 5th European Conference on Intellectual Capital (pp.132-

, University of the Basque Country, Bilbao, Spain, April 11-12.

European Commission (2005). RICARDIS – Reporting Intellectual Capital to Augment Research, Development and Innovation in SME’s. Brussels: European Commission.

Fauconnier, G., and Turner, M. (2002). The Way We Think. Conceptual Blending and the Mind’s Hidden Complexities. New York: Basic Books.

Federal Law Gazette (2006). 63rd Regulation of the Federal Ministry of Education, Science and Culture on Intellectual Capital Reports (Intellectual Capital Report Act – ICRA). Vienna: Federal Ministry of Education, Science and Culture

Florida, R. (2002). The Rise of the Creative Class. New York: Basic Books.

Florida, R. (2007). The Flight of the Creative Class. The New Global Competition for Talent. New York: HarperCollins.

Gardner, H. (2006). Changing Minds. The Art and Science of Changing Our Own and Other People’s Minds. Boston: Harvard Business School Press.

Giuseppe, M. (2014). Improving Internal Consistency in IC Research and Practice: IC and the Theory of the Firm. Journal of Intellectual Capital, 15(1), 38-64.

Goleman, D. (2005). Emotional Intelligence. New York: Bantam.

Grant, R.M. (1991). The Resource-Based Theory of Competitive Advantage; Implications for Strategy Formulation. California Management Review, 33(3), 114-135.

Grant, R.M. (1996). Toward a Knowledge-Based Theory of the Firm. Strategic Management Journal, 17(1), 109-122.

Grant, R.M. (1997). The Knowledge-Based View of the Firm: Implications for Management. Long Range Planning, 30(3), 450-454.

Guthrie, J., Ricceri, F., and Dumay, J. (2012). Reflections and Projections: A Decade of Intellectual Capital Accounting Research. The British Accounting Review, 44(2), 68-92.

Habersam, M., Piber, M., and Skoog, M. (2013). Knowledge Balance Sheets in Austrian Universities: The Implementation, Use, and Re-shaping of Measurement and Management Practices. Critical Perspective on Accounting, 24(1), 319-337.

Harayama, Y. (1997). The Evolution of the University in Europe and in the United States. Higher Education in Europe, 22(1), 9-19.

Hintea, C., Ringsmuth, D., and Mora, C. (2006). The Reform of the Higher Education Public Administration Programs in the Context of Public Administration Reform in Romania. Transylvanian Review of Administrative Sciences, 16(E),

-46.

Housel, J.T., Baer, W., and Mun, J. (2015). A New Theory of Value. The New Invisible Hand of Altruism. In P. Ordonez de Pablos and L. Edvinsson (Eds.), Intellectual Capital in Organizations. Nonfinancial Reports and Accounts (pp.16-52). New York: Routledge.

Ichijo, K. (2007). The Strategic Management of Knowledge. In K. Ichijo and I. Nonaka (Eds.), Knowledge Creation and Management. New Challenges for Managers (pp.121-145). Oxford: Oxford University Press.

Lee, S.H. (2010). Using Fuzzy AHP to Develop Intellectual Capital Evaluation Model for Assessing Their Performance Contribution in a University. Expert Systems with Applications, 37(7), 4941-4947.

Leitner, K.H. (2002). Intellectual Capital Reporting for Universities: Conceptual Background and Application within the Reorganization of Austrian Universities. Paper presented at International Conference on “The Transparent Enterprise. The Value of Intangibles”, Autonomous University of Madrid, Spain, November 25-26.

Marr, B. (Ed.) (2005). Perspectives on Intellectual Capital. Multidisciplinary Insights into Management, Measurement and Reporting. Amsterdam: Elsevier.

Marr, B., and Chatzkel, J. (2004). Intellectual Capital at the Crossroads: Managing, Measuring, and Reporting of IC. Journal of Intellectual Capital, 5(2), 224-229.

McCaffery, P. (2004). The Higher Education Manager’s Handbook. Effective Leadership and Management in Universities and Colleges. London: Routledge.

MERITUM (2002). Guidelines for Managing and Reporting of Intangibles. Madrid: Fundacion Airtel Movil.

MIT (2015). Mission statement. Retrieved from web.mit.edu/mission.html.

Mullin, J., Kotval, K.Z., and Cooper, J. (2012). The University and Local Economic Development. Transylvanian Review of Administrative Sciences, 2012(Special Issue), 126-136.

Nissen, M.E. (2006). Harnessing Knowledge Dynamics: Principled Organizational Knowing and Learning. London: IRM Press.

Nonaka, I. (1994). A Dynamic Theory of Organizational Knowledge Creation. Organization Science, 5(1), 14-37.

Nonaka, I., and Takeuchi, H. (1995). The Knowledge-Creating Company: How Japanese Companies Manage the Dynamics of Innovation. Oxford: Oxford University Press.

Nonaka, I., and Zhu, Z. (2012). Pragmatic Strategy: Eastern Wisdom, Global Success. Cambridge: Cambridge University Press.

Nonaka, I., Toyama, R., and Hirata, T. (2008). Managing Flow: A Process Theory of the Knowledge-Based Firm. London: Palgrave Macmillan.

O’Dell, C., and Hubert, C. (2011). The New Edge in Knowledge. How Knowledge Management is Changing the Way We Do Business. New York: John Wiley & Sons.

Ordonez de Pablos, P., and Edvinsson, L. (Eds.) (2015). Intellectual Capital in Organizations. Nonfinancial Reports and Accounts. New York: Routledge.

Petty, R., and Guthrie, J. (2000). Intellectual Capital Literature Review. Measurement, Reporting and Management. Journal of Intellectual Capital, 1(2), 1469-1930.

Pinker, S. (2007). The Stuff of Thought. Language as a Window into Human Nature. New York: Penguin Books.

Prahalad, C.K., and Hamel, G. (1990). The Core Competences of the Corporation. Harvard Business Review, 68(May-June), 79-91.

Ramezan, M. (2011). Intellectual Capital and Organizational Organic Structure in Knowledge Society: How Are these Concepts Related?. International Journal of Information Management, 31(1), 88-95.

Ricceri, F. (2008). Intellectual Capital and Knowledge Management. Strategic Management of Knowledge Resources. London: Routledge.

Roos, G., Pike, S., and Fernström, L. (2005). Managing intellectual capital in practice. Amsterdam: Elsevier.

Roos, G., Roos, J., Dragonetti, N., and Edvinsson, L. (1997). Intellectual Capital: Navigating the New Business Landscape. New York: New York University Press.

Sanchez, P., Castrillo, R., and Elena, S. (2006). Intellectual Capital Management and Reporting in Universities. Paper presented at International Conference on Science, Technology and Innovation Indicators. History and New Perspectives,

Lugano, November 15-17.

Sanchez, P., Elena, S., and Castrillo, R. (2007). The ICU Report: An Intellectual Capital Proposal for University Strategic Behavior. Paper presented at IMHE Conference, Paris, France, September 3-4.

Sangiorgi, D., and Siboni, B. (2014). Intellectual Capital Reporting at Italian Universities. Paper presented at 9th International Forum on Knowledge Asset Dynamics, Matera, Italy, June 11-13.

Secundo, G., Perez, S.E., Martinaitis, Z., and Leitner, K.H. (2014). Intellectual Capital Management in European Universities in Times of Changes: An IC Maturity Mode. Paper presented at 9th International Forum on Knowledge Asset

Dynamics, Matera, Italy, June 11-13.

Senge, P. (1990). The Fifth Discipline. The Art & Practice of the Learning Organization. London: Random House.

ShanghaiRanking Consultancy (2015). Academic Ranking of World Universities 2015. Retrieved from http://www.shanghairanking.com/ARWU2015.html.

Shattock, M. (2003). Managing Successful Universities. Maidenhead: Open University Press.

Spender, J.C. (1996). Making Knowledge the Basis of Dynamic Theory of the Firm. Strategic Management Journal, 17(Winter Special Issue), 45-62.

Spender, J.C. (2014). Business Strategy. Managing Uncertainty, Opportunity, & Enterprise. Oxford: Oxford University Press.

Stewart, T.A. (1997). Intellectual Capital: The New Wealth of Nations. New York: Doubleday.

Sveiby, K.E. (1997). The New Organizational Wealth: Managing and Measuring Knowledge-Based Assets. New York: Berret Koehler.

Taylor, F.W. (1998). The Principles of Scientific Management. Mineola, NY: Dover Publications.

Teece, D. (2009). Dynamic Capabilities & Strategic Management. Organizing for Innovation and Growth. Oxford: Oxford University Press.

Teece, D., Pisano, G., and Shuen, A. (1997). Dynamic Capabilities and Strategic Management. In N.J. Foss (Ed.), Resources, Firms and Strategies (pp.157–169). Oxford: Oxford University Press.

Viedma, J.M., and Cabrita, M.R. (2012). Entrepreneurial Excellence in the Knowledge Economy. Intellectual Capital Benchmarking Systems. London: Palgrave Macmillan.

Yu, A., and Humphreys, P. (2013). From measuring to learning? – Probing the evolutionary path of IC research and practice. Journal of Intellectual Capital, 14(1), 26-47.


Refbacks

  • There are currently no refbacks.


Copyright (c) 2015 Management Dynamics in the Knowledge Economy

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

© Faculty of Management (SNSPA)

Creative Commons License
This work is licensed under CC BY-NC

The opinions expressed in the papers published are the authors’ own and do not necessarily express the views of the editors of this journal. The authors assume all responsibility for the ideas expressed in the materials published.

ISSN 2392-8042 (online)