There is good news and bad news in this morning's revised 2Q GDP data from BEA. The good news is that the GDP an annual rate of 2.5% rather than the weaker 1.7% reported last month in the advanced estimate (see previous posting). The upward revision was due in part to better than estimated…Continue
Added by Kenan Jarboe on August 29, 2013 at 10:18am — No Comments
Hezekiah Agwara, Philip Auerswald, and Brian Higginbotham at George Mason University recently published an important new paper on "Algorithms and the Changing Frontier". Given at an NBER conference on The Changing Frontier: Rethinking Science and Innovation Policy, the paper actually covers two topics: a discussion…Continue
Added by Kenan Jarboe on August 29, 2013 at 10:15am — No Comments
Added by Mary Adams on August 28, 2013 at 4:52pm — No Comments
We talk a lot about intangibles and smarter companies. Most people get what we are talking about.
But why these particular changes? Why now? Sometimes I’m forced to explain it all more succinctly. As I’ve prepared for the webinar on Superstar SME's I’m doing with IPR Plaza on Thursday, I’ve been challenged to develop some background pieces that help explain…Continue
Added by Mary Adams on August 26, 2013 at 11:30am — No Comments
I read with interest the recent series Why Management Consulting Will Be Disrupted by one of our collaborators, Jay Deragon. The thesis is that digitization brought on by technology, the internet and social media will challenge the business model of traditional management consulting practices.
Below are some thoughts on key trends affecting the industry and…Continue
Added by Mary Adams on August 19, 2013 at 1:00pm — No Comments
The ICounts Graphs tell the story of a company in a succinct way. Here’s the story of what one company discovered through this assessment process (see note below).
Profile: Software and services company in the healthcare space
Why they undertook the assessment: The company had grown consistently over its ten-year history. But growth had stalled and they had just been turned down for a new credit line. They wanted to jumpstart growth in a way…Continue
Added by Mary Adams on August 14, 2013 at 5:15pm — No Comments
McKinsey gets intangible capital wrong http://t.co/P0CUdpCgbb I would follow the money to find out why ;)— Harold Jarche (@hjarche)…
One of the challenges of business today is that most of the drivers of innovation, performance and value aren’t visible. That’s because mainstream accounting and management systems aren’t built to track and measure digital assets, knowledge and collaboration. Yet these intangible assets make up 80% of the value of the average business.…Continue
Added by Mary Adams on August 7, 2013 at 11:36am — No Comments
The new changes to GDP calculations to include intangibles have been prompting lots of discussion in the mainstream press. That's great news to all of us in the IC community. So it feels like the right time to pull out the basic principles of Intangible Capitalism that I first wrote a few years ago......
Our economy now runs on intangible capital. 80% of the value of the average business in the U.S. is intangible. This is very…Continue
Added by Mary Adams on August 5, 2013 at 4:00pm — No Comments
I have to confess that I have been surprised by the depth of the reaction to the latest changes in the GDP calculations which count R&D and creative works as investments with lasting value rather than current expenses that don't last.
This is something that has been in the works for years. Back in 2006, the NY Times explained that the BEA had begun to experiment with the idea of adding…Continue
Added by Mary Adams on August 2, 2013 at 12:01pm — No Comments
I’ve been active in the field of intangible capital for many years. So I had a flurry of emails in my inbox this week from colleagues making sure that I saw your new report Measuring the Full Impact of Digital Capital. Since you don’t invite comments on line, I am emailing this to you and also publishing it in…Continue
Added by Mary Adams on August 1, 2013 at 5:34pm — No Comments