The Electronic Journal of Knowledge Management aims to publish perspectives on topics relevant to the study, implementation and management of knowledge management
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Journal Issue
Volume 7 Issue 5 / Dec 2009  pp535‑662

Editor: Kimiz Dalkir

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Design of Sustainable Development: Intellectual Value of Large BRIC Companies and Factors of their Growth  pp535‑558

Elvina Bayburina, Tatiana Golovko

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Abstract

Intellectual capital and its components can be regarded as the source for a company's organic growth to maintain sustainable development. Under the crisis conditions most of financial reserves are unavailable; the inner organizational efficiency by means of intellectual capital is a question of survival edge for most of the large companies of emerging markets. Multidirectional trends of the development of BRIC economies played a significant role in this discussion and the issue became more complicated under the pressure of the crisis. Notwithstanding BRIC countries can be regarded as leaders of so‑called developing economies. In terms of the downturn, however, the problem of the crisis should not be overstated: due to the cyclical changes of the world economy the stagnation will be rearranged by upturn sooner or later, however the accumulation of intellectual capital is the over time process. Intellectual capital of the company and its components can be regarded as "latent reserves" of the long term value growth. Intellectual capital is the "intangible safety‑cushion" and it can be used only by those companies who have created it years before and therefore have focused on sustainable development. The research of intellectual capital components and its role in value creation and building competitive advantage can remain an actual topic for empirical investigations, carried out in various countries and by different research centers. The intellectual value of a company is a part of the total value, created through the process of the intellectual components' accumulation. The main goal of this research is to evaluate by means of the panel data analysis the influence of particular components of intellectual capital on the intellectual value of BRIC companies. The process of intellectual capital accumulation is over time and it can be measured according to the long run panel data analysis not less than 5 years. The panel data analysis revealed that the human capital can be considered the key factor of the long‑term growth of BRIC companies of all industries. Employees and their competencies are this basis which is undervalued currently whereas most of financial assets lost trust and its value. However, specified directions of internal reserves audit and discussion of the Intellectual value on the emerging markets are very close to the fact that large BRIC companies depend a lot on the specific features of the infrastructure of each developing country. India and Russia are countries with the industrial potential, which is not fully realized, e.g. a lot of Russian companies are underinvested with unbalanced development strategies. Decrepit and out‑of‑date production facilities, in turn capital expenditures are a matter of great importance. The capital expenditures together with innovative managers and management techniques tend to be the leverage, which can push these companies towards intensive development, especially Russian companies. 

 

Keywords: intellectual capital, human capital, stakeholders, growth drivers, sustainable competitive advantage, value, intellectual value, financial crisis, BRIC, developing countries, emerging markets

 

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Scott Erickson, Helen Rothberg

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What is the Value of Knowledge Management Practices?  pp567‑574

Fahmi Ibrahim, Vivien Reid

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Intellectual Capital Disclosures: the Search for a new Paradigm in Financial Reporting by the Knowledge Sector of Indian Economy  pp575‑582

Mahesh Joshi, Dharminder Singh Ubha

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Evaluating Knowledge Management Performance  pp583‑592

Clemente Minonneand Geoff Turner

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Knowledge Management Implementation: a Process Design Proposition at Brazil's ONS (National Operator of the Interconnected Power System)  pp593‑604

Rivadávia Correa Drummond de Alvarenga Neto, Renato Rocha Souza, Jairo Gomes Queiroz, Hermes Chipp

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Let's Learn Unlearning: How Top Managers Conceive and Implement Knowledge Active Forgetting  pp605‑614

Mehdi Bagherzadeh Niri, Mohammad Hosein Rezazade Mehrizi

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Perceptions on Complexity of Decisions Involved in Choosing Intellectual Capital Assessment Methods  pp615‑626

Agnieta Pretorius, Petrie Coetzee

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Knowledge Management Discipline: Test for an Undergraduate Program in Turkey  pp627‑636

Mustafa Sagsan

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An Experimental Comparison of 3D Virtual Environments and Text Chat as Collaboration Tools  pp637‑646

Andreas Schmeil, Martin Eppler, Mattia Gubler

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Activities and Outputs of a Clinical Faculty: an Intellectual Capital Concept Map  pp647‑662

Belinda Wilkinson, Clare Beghtol, Dante Morra

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