By Nermien Al-Ali
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Extra resources for Comprehensive Intellectual Capital Management: Step-by-Step
The speed with which an organization would need to develop its IC to respond to market changes and challenges has increased in most industries. This led many organizations to consider mergers and strategic alliances to fortify the base of their intellectual capital and resources. At no time has business witnessed such an upsurge in the number and value of mergers and acquisitions like the past decade. 2 trillion. 37 Indeed, this phenomenon is global with acquisitions crossing borders for better companies and better deals.
Now both companies’ venture capital funds spin out dozens of start-ups annually, some very successful. ” Companies are spinning off both business divisions and independent companies. Kodak spun off Eastman Chemical, which originally was a business division of Kodak producing film developing chemicals. Getting better and better at it what it does, Eastman Chemical was spun off and expanded the offering of its products to customers other than Kodak. The preceding section shows how business growth strategies have been triggered and affected by the need to acquire greater brainpower (or other types of IC), incubate, or spin off new forms of knowledge in a certain area.
4 Pfeffer and Sutton report that only one out of five TQM initiatives succeed, while 70 percent of reengineering efforts fail. See J. Pfeffer & R. Sutton, The Knowing Doing Gap (Boston: Harvard Business School Press, 1999), p. 2. 5 Master of Intellectual Property is the only graduate degree offered in the United States and the world to nonlawyers. The degree was first offered in 1983 by Franklin Pierce Law Center as part of its graduate program. Today, the program attracts over 100 students nationally and internationally, including government officials and business executives in addition to lawyers and law students.