bestselling classic

INTELLECTUAL CAPITAL

THE NEW WEALTH OF ORGANIZATIONS

Thomas A. Stewart

"Every once in a while I have the opportunity to wax rhapsodic - perhaps two or three times every decade - about a management book. Stewart's book provides that rare opportunity. This book is the first to provide a framework, a practical guide, and a theory of the significance of intellectual capital. It is original, refreshing, beautifully written and will likely become the management book of the '90s"
Warren Bennis, bestselling author

"Tom Stewart clearly and practically shows how today's and tomorrow's winning businesses are mastering Intellectual Capital as key to their business success in the 21st Century. Intellectual Capital will be the watershed work on this important topic."
Noel Tichy, co-author of Control Your Destiny or Someone Else Will

Knowledge has become the most important fact of economic life. It is the chief ingredient of what we buy and sell, the raw material with which we work. In the new economy, intellectual capital - not natural resources, machinery or even financial capital - has become the one indispensable asset of corporations.

Intellectual Capital is a groundbreaking book, visionary in scope and immediate in application. It shows how the emergence of the Information Age has changed the nature of wealth, and it offers powerful new ways of looking at what companies do and how to lead them. In an economy based on knowledge, intellectual capital - the untapped, unmapped knowledge of organisations - has become a company's greatest weapon. It is found in the talent of the people who work there; the loyalty of the customers it serves and learns from; the value of its brands, copyrights, patents and other intellectual capital; the collective knowledge embodied in its systems, management techniques, and history - vital assets that are rarely managed and almost never managed skillfully.

Intellectual Capital is the first book to provide the key, showing how to discover, understand, and unlock the value of these hidden assets. Dazzling in its ability to make conceptual sense of the economic revolution we are living through, but also pointed, practical and urgent, Intellectual Capital cuts through the vague rhetoric of "paradigm shifts" to show how the Information Age economy really works - and how to make it work for you and your business.

Thomas A. Stewart Thomas A Stewart is the Editor of Harvard Business Review, one of the most highly respected business publications in the world. He was formerly Editorial Director of Business 2.0 and a member of the Board of Editors of Fortune.

He pioneered the concept of intellectual capital in a series of landmark Fortune articles beginning in 1991. Intellectual Capital was a finalist in the Financial Times/Booz.Allen & Hamilton Award for the best business book of the year. He speaks frequently on intellectual capital and related subjects to business groups and economic forums around the world.

A Fellow of the World Economic Forum, Mr Stewart was named one of the world's 50 most influential mangement thinkers by the online comunity of the Financial Times. He serves on the panel of judges for the innovation award given by the Economic Development Board of Singapore. In 1999, the American Society for Training and Devleopment gave him a 'Champion of the Workplace Learning and Performance Award'. In 1996, Business Intelligence awarded Stewart its inaugural 'Knowledge Mangement Awareness Award' for his contributions to the field of knowledge management. He is also the author of The Wealth of Knowledge.