Managing Intellectual Capital Of Higher Education

Knowledge is considered as one of the most important and competitive resource for sustenance of the organisation (Zack, 1999). It can be compared to the strategic resource that can be used and applied in various frames of the organisation. Experienced managers in the organisations believe that company can receive strategic advantage through knowledge and not the strategies or actions implemented by competitors. Knowledge can be regarded as a strong approach that opens numerous ways of success. It is that weapon that help organisation to evaluate solutions in financial and other professional difficulties.

Intellectual Capital, a collective knowledge of leaders in a global organization, has three key attributes, such as global business savvy, cognitive complexity, and cosmopolitan outlook. First, Global business savvy indicates how business operates worldwide, and risks arising due to various environment. Second, cognitive complexity is an ability to scrape together different information when leaders are facing multiple choices. Last, cosmopolitan outlook states that leaders are needed to have interest in various cultural, history, geography, political, and economic.

Virtues of integrity, respect, discipline in accordance with mode of contact is developed. The uplift in life among institutional students bringing up united and joined up state as a whole. This is all brought about by reality, knowledge and values which are given special attention in higher learning institutions this further promotes good co-existence between students and solving their daily problems.

Critically evaluate the role that Soft Systems thinking can play in promoting organisations Intellectual Capital.

The significance of education has escalated up to skyrocket from the olden times to the modern world of today. This importance and value of education has elevated its demand in every corner of the world, whether it is a developed nation or an underdeveloped state. The establishment and formation of a knowledge-based civilization does not have any alternative solution except through the higher education of a fine quality in this age of globalization and technologically innovated and competitive

Despite the expenditure, an education received at a higher institute is a beneficial investment in one’s life. Not only does a person benefit from useful information taught in classes throughout the time spent at the institute, but the economic benefits, social benefits, and the overall quality of life are all valuable in the duration of life after graduation.

In the article written by Peter Drucker” managing oneself”; the author highlights the principal key point that:” success in the knowledge economy comes to those who know themselves, their strengths, their values and how they best perform”. In Peter Drucker’s idea development, he suggests people in the organization will be able to achieve results,

On that account, in the last analysis, it must be decided only with reference to those tasks which the individual, according to his own set of values, assigns to the universities. Those who on the basis of their qualifications as university teachers assign to the universities, and thereby to themselves, the universal role of forming character, of inculcating political, ethical, aesthetic, cultural or other beliefs, will take a different position from those who believe it necessary to affirm the proposition and its implications – that university teaching achieves really valuable effects only through specialised training by specially qualified persons. Hence, “intellectual integrity” is the only specific virtue which universities should seek to inculcate.

In this 21st century, the teaching and learning experience is changing drastically. People having knowledge on a wide array subjects has become the norm of our society, without having wide knowledge any person will find it difficult to move forward in his life. Today’s society is a knowledge-based society, the type of society that is needed to compete and succeed in the changing economic and political dynamics of the modern world, societies that are well educated, and who therefore rely on the knowledge of their citizens to drive the innovation, entrepreneurship and dynamism of that society’s economy.

The idea of Higher Education is a crucial thread in the fabric of this nation, woven through our culture, beliefs and politics. The best of American Higher Education outstrips any others in the world and the output of American Institutions is unparalleled. To stay competitive and expand the current education horizon, different types of institutions, evolve and prioritize differently to ensure the best education quality to targeted students. However, today Higher Education is facing more challenges and critiques than at any other point in history. Indeed, when encountering the unavoidable struggle between pleasing students and following government regulations, colleges start to rouse from their academic wish-fulfillment fantasies and realize that the idea of Higher Education does not swab away the realism of this materialistic world: higher education cannot simply satisfy everyone. Three distinctive educational models, public universities, non-profit private universities and for-profit universities, demonstrate the complex dynamic among schools, government and students. Although the three educational models share different education philosophy and serve multiple objectives, they all have the same purpose in the end: to help one realize his or her own unique potential in order to manage the diversity of expectations and challenges one would face in the society.

In today’s society, the field of higher education has drastically changed with advances in technology and shifts in the economy. As a result, universities and colleges continue to layoff employee and make budget cuts. As Greenwald (2012) states universities are entering an era of continuously “taking things away from people" (para 2). As a result, a drastic change in the design and implementation of teaching and curriculum must be addressed in the field of higher education. Universities should not be just a place to take out student loans to for pay a degree and graduate, but rather a place of involvement and engagement (Helfand, 2013). Therefore, a university’s framework must be re-designed and implemented, however, the perspective from which educators teach must also change. They should not be seen as just lecturers, but rather teachers who inspire, engage and involve their students. This would not only entail a few changes to a university’s curriculum but its entire institutional structure.

Izmir National University (INU) has experienced rapid growth in their organization within recent years. The faculty in the Business school is unable to keep up with the growing demand of students, this has led to confusion, lack of funding and resources and chaos among employees. The newly recruited Dekan has been able to spot these growing problems and has taken the first step in trying to alleviate them by opening the lines of communication and asking for input from employees.

Many students are not satisfied with the results of the study in the universities because the faculty focus and concentrate on the basic academic topics but not on practical skills, which is necessary after the completion of graduation. Nowadays, some people believe that the primary mission of universities, for students, is to teach knowledge and skills which are related to their future careers. In contrast, other people may argue that college and universities should focus on academic material without thinking whether it is useful for the

Abstract: It is well known that knowledge economy is mainly based on intellectual capital. Intellectual capital plays a key role in enterprise’s value promotion. In fact, the good intellectual capital control system can bring the positive influence to the enterprise achievements. It is important to make empirical research on the relationship between intellectual capital and company performance to create value and enhance the enterprise achievements.

Intellectual capital has attracted considerable interest from both academics and practitioners. Research in this area has highlighted the importance of intellectual capital in generating and sustaining organizational competitive advantage (Bontis, 2000;); is generally conceptualized as “intellectual material - knowledge, information, experience, core technique, intellectual property, and customer relationship that can be put to use to create wealth” (Stewart, 1997); a knowledge-based economy, characterized by a rapid expansion of knowledge-intensive industries creating and exploiting knowledge and information in all sectors of the economy (Nonaka and Takeuchi, 1995).