The Method for Assessing and Forecasting Value of Knowledge in SMEs – Research Results

Decisions by SMEs regarding knowledge development are made at a strategic level (Haas-Edersheim, 2007). Related to knowledge management are approaches to "measure" knowledge, where literature distinguishes between qualitative and quantitative methods of valuating intellectual capit...

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Main Authors: Justyna Patalas-Maliszewska, Hannes Werthner
Format: Article
Language:English
Published: VIZJA University 2010-10-01
Series:Contemporary Economics
Online Access:http://ce.vizja.pl/en/download-pdf/id/170
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author Justyna Patalas-Maliszewska
Hannes Werthner
author_facet Justyna Patalas-Maliszewska
Hannes Werthner
author_sort Justyna Patalas-Maliszewska
collection DOAJ
description Decisions by SMEs regarding knowledge development are made at a strategic level (Haas-Edersheim, 2007). Related to knowledge management are approaches to "measure" knowledge, where literature distinguishes between qualitative and quantitative methods of valuating intellectual capital. Although there is a quite range of such methods to build an intellectual capital reporting system, none of them is really widely recognized. This work presents a method enabling assessing the effectiveness of investing in human resources, taking into consideration existing methods. The method presented is focusing on SMEs (taking into consideration their importance for, especially, regional development). It consists of four parts: an SME reference model, an indicator matrix to assess investments into knowledge, innovation indicators, and the GMDH algorithm for decision making. The method presented is exemplified by a case study including 10 companies.
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issn 2084-0845
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spelling doaj-art-cfc4b65585e04768a5b1138cea2e60992025-08-20T02:20:07ZengVIZJA UniversityContemporary Economics2084-08452010-10-01431215The Method for Assessing and Forecasting Value of Knowledge in SMEs – Research ResultsJustyna Patalas-MaliszewskaHannes WerthnerDecisions by SMEs regarding knowledge development are made at a strategic level (Haas-Edersheim, 2007). Related to knowledge management are approaches to "measure" knowledge, where literature distinguishes between qualitative and quantitative methods of valuating intellectual capital. Although there is a quite range of such methods to build an intellectual capital reporting system, none of them is really widely recognized. This work presents a method enabling assessing the effectiveness of investing in human resources, taking into consideration existing methods. The method presented is focusing on SMEs (taking into consideration their importance for, especially, regional development). It consists of four parts: an SME reference model, an indicator matrix to assess investments into knowledge, innovation indicators, and the GMDH algorithm for decision making. The method presented is exemplified by a case study including 10 companies.http://ce.vizja.pl/en/download-pdf/id/170
spellingShingle Justyna Patalas-Maliszewska
Hannes Werthner
The Method for Assessing and Forecasting Value of Knowledge in SMEs – Research Results
Contemporary Economics
title The Method for Assessing and Forecasting Value of Knowledge in SMEs – Research Results
title_full The Method for Assessing and Forecasting Value of Knowledge in SMEs – Research Results
title_fullStr The Method for Assessing and Forecasting Value of Knowledge in SMEs – Research Results
title_full_unstemmed The Method for Assessing and Forecasting Value of Knowledge in SMEs – Research Results
title_short The Method for Assessing and Forecasting Value of Knowledge in SMEs – Research Results
title_sort method for assessing and forecasting value of knowledge in smes research results
url http://ce.vizja.pl/en/download-pdf/id/170
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