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Tuesday, September 25, 2007

Intellectual Capital/Stewart 50-55

51 But in the age of intellectual capital, the most valuable parts of those jobs have come the most essentially human tasks: sensing, judging, creating, building relationships.

55 The hard assets of a knowledge company contribute far less to the value of its ultimate product (or service) than the intangible assets--the talents of its people, the efficacy of its management systems, the character of its relationships to its customers--that together are its intellectual capital.

...tells us that someone who invests in a company is buying a set of talents, capabilities, skills, and ideas--intellectual capital, not physical capital.

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