Exam 4: Recognizing a Firms Intellectual Assets: Moving Beyond a Firms Tangible Resources

BC Biomedical Laboratories,which has been named one of Canada's "Best Employers" attributes their success to having a

Protecting a firm's intellectual capital requires a concerted effort.

The benefits of high social capital include

Describe the process of "hiring via personal networks".

As the competitive environment changes,strategic management must focus on different aspects of the organization.Recently strategic management has moved from focusing on

Firms must compete for top talent.Whirlpool Canada dealt with conflicting demands of family and work by

Rather than focus solely on financial considerations,many firms offer attractive benefits to entice employees to stay.These may include on-site stores,ATM's and athletic facilities.

In terms of retaining human capital,Magna's strategy is to

Discuss the attributes of human capital.Give examples of how firms work to develop and retain it.

360-degree evaluation and feedback systems address many of the limitations of traditional approaches of evaluating human capital.

BC Biomedical Laboratory was named one of Canada's "Best Employers" for the third year running.

Maintaining a competitive workforce is very challenging in today's economy.The role of evaluating human capital,in recent years,has

Social capital is based on the network of relationships within a firm,not in the skills and abilities of an individual employee.

Developing social capital is risky for an organization because social capital is specific to individuals and remains with the employee if he or she leaves the organization.

Writers have defined intellectual capital as the difference between the market value and book value of a firm.

Social capital is a source of strength to many firms.Firms leverage their social capital in an effort to create competitive advantages.A firm's social capital is based on

Companies have found that referrals from their own employees are generally an ineffective approach to recruiting top talent.

Intellectual capital is the difference between the market value and the book value of a firm.Intellectual capital can be increased by

Among the downsides of social capital is/are

Encouraging widespread involvement is one of the important ways of developing human capital.