Project 4

Authors:

Tyulkova, Natalia1 [email protected]

Source:

Proceedings of the International Conference on Intellectual Capital, Knowledge Management & Organizational Learning. 2014, p549-557. 9p.

Document Type:

Article

Subject Terms:

* Knowledge management

* Organizational structure

* Small business management

* Business success

* Economic development

* Competitive advantage in business

Author-Supplied Keywords:

intellectual capital

knowledge management

organizational structure

Abstract:

The latest researches and a wide range of literature emphasize that modern society is at a new stage of economic development when the quality and rate of continuous education of people and organizations plays a major role. It is not enough anymore to have visible assets and resources (land, capital and labor); the company's success is determined by the ability and capability to use these resources and, as a result, to gain competitive advantage. Now, intellectual capital of more than 90% of enterprises from Germany, Italy, Japan, Great Britain and USA exceeds the balance value. According to the rating of the biggest companies published by the Financial Times, each year the quantity of companies providing financial and IT services increases. Described by its "greater reliance on intellectual capabilities than on physical inputs" (Powell & Snellman, 2004), the economy places importance on human and intellectual capital. However, intellectual capital associated with knowledge is often very difficult to formalize, describe and manage. Scholars (Lawler & O'Toole, 2006) emphasize that today, more than ever, organizations need research-based knowledge about organizational change, management, and effectiveness. Especially SMEs, which represent the main drivers of a modern economy, due to their innovative nature and fast adaption to changeable environments. According to the U.S. Small Business Administration (SBA), enterprises with less than 500 employees are 99.7 % of all companies in USA that use hired labor; they produce more than 50 % of GDP except agricultural products. Entrepreneurs and SMEs are an engine in creating new workplaces and implementing technology and innovations. The research objective is to determine the role of intellectual capital and knowledge management in a SME and how a flexible organizational structure can help manage knowledge. We are going to show a set of practices, which were implemented in one particular company and then analyze the results of their use. [ABSTRACT FROM AUTHOR]

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Author Affiliations:

1Higher School of Economics, Saint-Petersburg, Russia

ISSN:

2048-9803

Accession Number:

99225104