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How can a company strengthen its intellectual capital?

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Question added by Frederick Dadivas , Purchasing Officer cum Administrative Coordinator , Sahra Consulting FZCO
Date Posted: 2016/01/23
Jahabar Sadiq Ifthikar
by Jahabar Sadiq Ifthikar , Senior Procurement Specialist , University of Hafr Al-Batin

As organizations are increasingly viewing knowledge as their most valuable and strategic asset, it is crucial to effectively manage their intellectual resources and capabilities.  Organizations are learning to align and integrate technology and organizational initiatives for managing and supporting knowledge processes.  Although building such knowledge management systems is congruent to exploiting knowledge, there is should be concrete evidence that their organizational capabilities are appropriately managed and utilized.  There needs to be systematic alignment between the organization’s strategy and knowledge management.

HIre intelligent, effective employees that are self-motivated and align their efforts with the company's Mission.

Constantly stimulate the employees need for growth and self-actualization.

In other words invest in the employee's well being and satisfaction as much as you would any other tangible or intangible asset.

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