120 likes | 269 Views
Intangible Assets BUS 290 2013. R. Okumoto. The Value Source. Strategy
E N D
Intangible AssetsBUS 2902013 R. Okumoto
The Value Source Strategy “How an organization intents to create value for its shareholders, customers and employees.”
The Value SourceLearning & Growth Perspective • Strategic Themes • Intangible Assets • Aligning Intangible Assets
Readiness for Change • When is an Organization Ready for Change? • When Human Capital in Job Families are aligned to the Strategic Themes • When Information Capital is aligned to the Strategic IT Applications • When the Culture, Leadership, alignment & teamwork reinforce the changes required by the organization to execute the strategy • When Intellectual Property is developed and available to support Strategic Themes • When Social & Political Capital are identified, accounted, aligned, and available to support Strategic Themes
Alignment / Strategic Readiness • Strategic Alignment of Intangible Assets is the Dominant Principal in creating Value • Managing Intangible Assets • Define the Asset • Align the Asset to the Strategy • Measure the degree of Readiness
Human Capital • Foundation Points: • Human Capital must be aligned to the Strategy • Critical staff defined as individuals performing critical internal processes in the Strategy Map • Managing Human Capital: • Step 1 – Identify Strategic Job Families • Step 2 – Build the Competency Profile • Step 3 – Assess Human Capital Readiness • Step 4 – Design the Human Capital Development Program
Information Capital • Foundation Points: • Information Capital must be aligned to the Strategy • Critical Applications are defined as performing critical internal processes in the Strategy Map • Managing Information Capital: • Step 1 – Describe Information Capital • Step 2 – Align Information Capital to the Strategy • Step 3 – Measure Information Capital Readiness
Organization Capital • “The ability of the organization to mobilize and sustain the process of change required to execute the strategy” • High Level of Organizational Capital: • Shared understanding of Vision, Mission, Values & Strategy • Strong Leadership • Performance Culture around the Strategy • Shares knowledge throughout the organization
Organization Capital • The Basic Four Elements: • Culture • Leadership • Alignment • Teamwork
Intellectual Property Capital • Foundation Points: • IP Capital must be aligned to the Strategy • Critical Development, Acquisition, and Inventory is aligned to Strategic Themes on the Strategy Map • Refer to the Innovation Process • Managing IP Capital: • Step 1 – Describe IP Capital – Patents, Know-how, Proprietary • Step 2 – Align IP Capital to the Strategy • Step 3 – Measure IP Capital Readiness
Political & Social Capital • Foundation Points: • Political & Social Capital must be aligned to the Strategy • Relationships, Markers, History must be Inventoried and aligned to Strategic Themes on the Strategy Map • Refer to Regulatory & Social Processes • Managing Political & Social Capital: • Step 1 – Describe Political Capital – Relationships, Markers • Step 2 – Describe Social Capital – Community support, reputation • Step 2 – Align Political & Social Capital to the Strategy • Step 3 – Measure Political & Social Capital Readiness