Managing Intellectual Assets in Small Knowledge-Intensive Organizations

Managing Intellectual Assets in Small Knowledge-Intensive Organizations

Robert Huggins, Maria Weir
ISBN13: 9781609600716|ISBN10: 1609600711|EISBN13: 9781609600730
DOI: 10.4018/978-1-60960-071-6.ch015
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MLA

Huggins, Robert, and Maria Weir. "Managing Intellectual Assets in Small Knowledge-Intensive Organizations." Managing Knowledge Assets and Business Value Creation in Organizations: Measures and Dynamics, edited by Giovanni Schiuma, IGI Global, 2011, pp. 241-263. https://doi.org/10.4018/978-1-60960-071-6.ch015

APA

Huggins, R. & Weir, M. (2011). Managing Intellectual Assets in Small Knowledge-Intensive Organizations. In G. Schiuma (Ed.), Managing Knowledge Assets and Business Value Creation in Organizations: Measures and Dynamics (pp. 241-263). IGI Global. https://doi.org/10.4018/978-1-60960-071-6.ch015

Chicago

Huggins, Robert, and Maria Weir. "Managing Intellectual Assets in Small Knowledge-Intensive Organizations." In Managing Knowledge Assets and Business Value Creation in Organizations: Measures and Dynamics, edited by Giovanni Schiuma, 241-263. Hershey, PA: IGI Global, 2011. https://doi.org/10.4018/978-1-60960-071-6.ch015

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Abstract

The chapter focuses on how small KIBS (Knowledge-Intensive Business Service) firms manage their knowledge-based processes, or what are termed “intellectual assets.” It finds that approaches to the strategic management of intellectual assets varies significantly according the size and type of KIBS firm. Differences in these approaches impact on the development of effective innovation processes, with resource deficiencies in smaller firms constraining their innovation capability. New technology-based KIBS firms are less likely than traditional professional service KIBS firms to have effective formalised learning systems in place, and generally operate within a more ‘fluid’ working environment. Measures of absorptive capacity indicate that firms perceive gaps in their ability to assimilate and apply knowledge which they recognise to be of strategic importance. The authors conclude that small KIBS firms face particular challenges in managing the innovation process and establishing sustainable knowledge management practices, and may benefit from targeted policy intervention.

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