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Mind Over Matter: Why Intellectual Capital is the Chief Source of Wealth
Intellectual capital encompasses three main components: human capital (individual knowledge and skills), structural capital (processes, systems, and organizational culture), and relational capital (relationships with customers and partners). Baker emphasizes that traditional accounting fails to capture the true value of intangible assets, so companies need to develop new ways to measure and manage intellectual capital. This book encourages readers to rethink value, productivity, and wealth, as well as how organizations can create value through innovation and continuous learning. With in-depth analysis, case studies, and modern economic theory, this book is suitable for business professionals, accountants, and organizational leaders who want to understand the dynamics of the knowledge-based economy.
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