Definition of Knowledge capital:
Having employees with skills and access to knowledge capital puts a company at a comparative advantage to its competitors. Knowledge capital, sometimes referred to as intellectual capital, is considered an intangible asset.
The knowledge possessed by a group of people, especially a workforce, regarded as a resource or asset.
Knowledge capital is the intangible value of an organization made up of its knowledge, relationships, learned techniques, procedures, and innovations. In other words, knowledge capital is the full body of knowledge an organization possesses.
Know how that results from the experience, information, knowledge, learning, and skills of the employees of an organization. Of all the factors of production, knowledge capital creates the longest lasting competitive advantage. It may consist entirely of technical information (as in chemical and electronics industries) or may reside in the actual experience or skills acquired by the individuals (as in construction and steel industries). Knowledge capital is an essential component of human capital.
How to use Knowledge capital in a sentence?
- Knowledge capital, also referred to as intellectual capital, is intangible, provides great value for a company, and gives a competitive edge over rivals.
- This type of capital has three components: human capital, relational capital, and structural capital.
- Knowledge capital is the value of an organization made up of its knowledge, relationships, learned techniques, procedures, and innovations. .
- Like any other asset, knowledge capital requires a great investment of time and money because it depreciates.
Meaning of Knowledge capital & Knowledge capital Definition