Reaping benefits from intellectual capital

Marla J. Weston, Nicolette A. Estrada, Jane Carrington

Research output: Contribution to journalReview article

12 Scopus citations

Abstract

The wealth and value of organizations are increasingly based on intellectual capital. Although acquiring talented individuals and investing in employee learning adds value to the organization, reaping the benefits of intellectual capital involves translating the wisdom of employees into reusable and sustained actions. This requires a culture that creates employee commitment, encourages learning, fosters sharing, and involves employees in decision making. An infrastructure to recognize and embed promising and best practices through social networks, evidence-based practice, customization of innovations, and use of information technology results in increased productivity, stronger financial performance, better patient outcomes, and greater employee and customer satisfaction.

Original languageEnglish (US)
Pages (from-to)6-12
Number of pages7
JournalNursing administration quarterly
Volume31
Issue number1
DOIs
StatePublished - Jan 1 2007

Keywords

  • Best practices
  • Evidence-based practice
  • Intellectual capital
  • Learning organization
  • Magnet-designated organizations
  • Organizational culture

ASJC Scopus subject areas

  • Leadership and Management

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