According to the United Nations data2, in 1950, the world population was estimated at around 2.6 billion people....the methodology presents limits, especially due to the residual nature of intangible ...capital.The first paper by Leonard Nakamura provides an overview of the deep nature of intangibles, delineates their contribution to innovation and creativity and indicates potential implications for innovation and creativity in Morocco.Since now several years, this country develops a clear, consistent and pioneering strategy for economic and social growth in Africa in partnership with several countries, especially in the western part of the continent.The study concludes to the existence of a significant and positive relationship between overall intellectual capital efficiency and corporate book value, measured as cash flow from operation and economic value added.
This study presents the development and initial use of a practice-based maturity model for technology transfer organisations (TTOs). Unlike previous research on TTO performance, the intention is not ...to compare TTOs, but to find out if there is a link between the maturity of TTO practices and organisational resources, competences and context, as well as outputs and outcomes. Drawing upon a conceptual framework for the holistic measurement of TTO performance, the model was refined and validated with TTO managers. It offers a novel way for TTOs to determine the maturity of their practices in six areas: ‘sensing & seizing opportunities’, ‘boundary spanning’, ‘translation & combination’, ‘co-creation & development’, ‘cultural change management’ and ‘knowledge management’. These areas correspond to six TTO capabilities that are assessed with 44 practice statements. Initial survey data from 17 European TTOs shows that maturity is highest in the area of ‘translation & combination’ practices and lowest for ‘knowledge management’. The study contributes to the academic debate on organisational performance and the role of capabilities and practices. Moreover, the model offers TTO managers a way to holistically assess performance and supports policymakers in the creation of TTO impact metrics. Future research could use it to collect further data in order to more comprehensively comprehend TTO performance.
The subject of Intangibles and knowledge management is becoming increasingly significant, particularly in the realms of finance, marketing and strategy. Intangibles are the nebulous but vital aspects ...of companies, for example, R&D, knowledge creation, corporate identity and marketing and advertising expenditures, which are now unanimously considered to be the most important factors in the strategic positioning of organisations today. This comprehensive volume provides an integrated and original approach to intangible resource management and an evaluation of their contribution to the establishment of competitive advantage in the market place.
Purpose
The purpose of the current study is to illustrate the importance of strategic agility (SA), the capacity to respond agilely to a rapidly changing environment, for digitally transforming firms ...during the COVID-19 crisis. A secondary purpose of the study is to conceptually frame SA as a function of the creative to realized intangible capital (IC) ratio.
Design/methodology/approach
To inferentially corroborate the hypothesis, this study exploits the results of a recent firm-level survey, conducted under the H2020 project GlobalInto (2021). Via OLS and ordered logistic regressions, the relationship among SA, economic performance and IC was tested.
Findings
The exploratory findings implied that the more strategically agile companies were those that responded more effectively to the pandemic crisis, but only if they were ahead in terms of digital transformation. Moreover, the results implied that firms that were able to efficiently convert their creative IC into realized IC were the most strategically agile.
Originality/value
This study developed a new conceptual framework for digitally transforming firms that included the role of SA and the IC conversion ratio in the context of extreme threats to the survival of firms. Some preliminary practical recommendations were offered to management about how to measure the IC conversion ratio as well as how to stimulate and reward greater creativity among employees, filling a notable gap in the SA literature that provides less than precise guidance about how this concept can be measured.
Purpose
Mobile phones are radically transforming micro-finance in Sub-Saharan Africa, and Kenya, in particular. The introduction of the micro-financial transaction mobile phone application, “MPesa,” ...created a means to facilitate micro-transactions without the need for an intermediary, such as a banking system. The purpose of this paper is to posit an econophysics model to predict the value of Mpesa for Kenyan and South African consumers. The econophysics framework posits several fitness matrices and a distance measure that can account for the concepts of mass, distance, momentum, velocity, action, and force. The authors begin with a table of the match between the physics concepts and the economic concepts followed by the vector model that utilizes these concepts for the MPesa application case. In this paper, the authors will argue that MPesa succeeded in Sub-Saharan African countries, such as Kenya, because the fit between what this group of customers needed and the solutions Safaricom’s MPesa offered was a better fit with a smaller distance to adoption than in the South African case.
Design/methodology/approach
The research develops an econophysics approach to the assessment of micro-finance development in Sub-Saharan countries.
Findings
The research shows clearly the reasons of the success of MPesa in Kenya in comparison of its relative failure in South Africa: the distance between customers’ expectations and the system supply.
Research limitations/implications
The research is limited to two case studies and needs to be extended to other contexts, in order to demonstrate its robustness, especially with regard to the intangible dimension, e.g., the distance between a system potential and what it really offers.
Practical implications
The research shows the importance of system’s characteristics in its success.
Social implications
The social implications are very high, especially in this case, where micro-finance is a high stake for developing societies.
Originality/value
This is one of the first works to develop an econophysics approach for the evaluation of the key characteristics of a system.
Purpose
The paper aims to address the organizational transformation of firms for value creation resulting from cloud computing (CC).
Design/methodology/approach
With reference to the theory of ...organizational fit, we modeled organizational transformation as a function of five aspects of CC practice: functionality, data management, roles and competences of information technology services, control and organizational culture. The output variable was tested against a set of input variables defined with reference to the technology–organization–environment (TOE) and technology acceptance model (TAM). Based on a sample of 487 companies in seven countries in Europe, Asia, and the United States, the authors distinguished two groups of firms: transformational and hyper transformational.
Findings
The results highlight the key factors that determine whether a firm falls into one of these two groups, and include perceived usefulness and perceived ease of use, complexity and compatibility of CC technology, and adequacy of resources. Top management support and government policy are found to only play a role for the transformational group while, surprisingly, vendor support had no impact for either group.
Originality/value
This research contributes to the literature on the role of digital transformation in value creation and on digitization of firms and organizational design, notably by considering the contribution of CC to the organizational dimension. To the best of the authors’ knowledge, this is the first study to make the link between TOE and TAM models and organizational fit theory, thereby going beyond the general approach to adoption found in information system research.
Drawing upon an extensive dataset comprising 3,680 cyberattacks on firms listed in 5 stock markets, our main objective is to ascertain the financial market reaction based on a hybrid valuation ...inspired by the event study methodology and a counterfactual analysis. Analyses concern three dates that are specific to cyberattacks: 1) the accident date; 2) the first notice date; and 3) the original loss start date. Results indicate that there is a negative abnormal return for the NASDAQ after the accident date. The reactions of the NASDAQ and NYSE are similar, and negative for the first notice date but positive after the original loss start date. In the European context, cumulative abnormal returns are negative for French and German companies after the first notice date.
In the knowledge economy, the value of corporations is directly related to their knowledge and intellectual capital. But broaden the perspective a little wider and you begin to see the possibilities: ...Think of cities, regions, even entire nations, in addition to the public sector. If intangibles and intellectual capital are important to the private sector, they are also important to the productivity and competitiveness of the public sector, and so to communities and nations as a whole. In this book, Editors Ahmed Bounfour and Leif Edivinsson have brought together the best minds in intellectual capital throughout the world to focus on a new and fertile area of research: measuring and managing the intellectual capital of communities. This is a creative and cutting-edge area of research that has the potential to change how public sector planning and development is done. Once there is a clear way to identify where wealth is created in a given region/nation, this process has the potential to reveal a huge knowledge repository in the public sector with a significant-but idle-potential for collective wealth creation-the wealth of nations in waiting.
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