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Challenges for the University Intellectual Capital in the Knowledge Economy

Author

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  • Constantin BRATIANU

    (Faculty of Business Administration, Bucharest University of Economic Studies)

  • Florina PINZARU

    (Faculty of Management, National University of Political Studies and Public Administration)

Abstract

Universities have always been fundamental institutions in any society due to their enduring mission of creating new knowledge through research, of training generations of professionals, and providing service for community. They have a long life cycle and need to adapt continuously to their changing environments. In the last decades, the emergence and development of knowledge society put forward new challenges to universities and to managing their intellectual capital. The purpose of this paper is to present three main challenges for the university intellectual capital in the knowledge economy, and to discuss how these challenges can be achieved. These challenges are the following: 1) to unfold the Gordian knot of the canonical model of intellectual capital; 2) to go beyond the Newtonian logic in intellectual capital evaluation and reporting; and 3) to integrate intellectual capital in the strategic thinking of the university. All of these challenges are strongly related to the university performance.

Suggested Citation

  • Constantin BRATIANU & Florina PINZARU, 2015. "Challenges for the University Intellectual Capital in the Knowledge Economy," Management Dynamics in the Knowledge Economy, College of Management, National University of Political Studies and Public Administration, vol. 3(4), pages 609-627, December.
    • Handle: RePEc:nup:jrmdke:v:3:y:2015:i:4:p:609-627
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    References listed on IDEAS

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    1. Ikujiro Nonaka, 1994. "A Dynamic Theory of Organizational Knowledge Creation," Organization Science, INFORMS, vol. 5(1), pages 14-37, February.
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    6. Habersam, Michael & Piber, Martin & Skoog, Matti, 2013. "Knowledge balance sheets in Austrian universities: The implementation, use, and re-shaping of measurement and management practices," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 24(4), pages 319-337.
    7. Karl-Heinz Leitner, 2004. "Intellectual capital reporting for universities: conceptual background and application for Austrian universities," Research Evaluation, Oxford University Press, vol. 13(2), pages 129-140, August.
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    Cited by:

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    2. Zhimin Liu & Goodluck Jacob Moshi & Cynthia Mwonya Awuor, 2019. "Sustainability and Indicators of Newly Formed World-Class Universities (NFWCUs) between 2010 and 2018: Empirical Analysis from the Rankings of ARWU, QSWUR and THEWUR," Sustainability, MDPI, vol. 11(10), pages 1-29, May.

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