Thursday, 18 February 2010

Decisions, decisions.

Tomorrow, we are going to meet Leif to discuss and finetune the thesis topic. The world of intellectual capital (IC) is a fascinating one. It is still a relatively new area of research, and I have a strange feeling that not many (including ourselves) know how exactly to handle this new wave and source of competitive advantage in countries and companies, even as it becomes increasingly important.

However, we only have 10 weeks to accomplish a work that will hopefully make some sort of contribution to the research world, and we have to be focused.

At present, we have a couple of ideas that we're interested in, though each presents unique challenges as well:
  • Apply an IC evaluation method that Leif had used in a previous paper in investigating Nordic countries, to instead investigate Asian countries like Singapore and Malaysia, or compare regions such as Singapore-Malaysia and Ă–resund
  • Employing time lag analysis to test causal relationships between the four types of capital (human capital, market capital, process capital, renewal capital) and financial capital --> my personal favourite, but we also recognise the challenge here in doing something that has not been done before, i.e. coming up with a new method to apply on new data
Other thoughts include:
  • Can there be a global / regional standard for IC? (ala Corporate Governance)
  • Can a Singaporean excel in Sweden, and vice versa? Or is IC and importance of certain variables country/culture-specific?
  • How is an IC culture actually developed? What is the timespan of national IC development? What are the conditions that need to be present for IC to be developed successfully?
It all feels so up in the air at the moment, and I think one of our key concerns is in how to find the appropriate data. Because IC is still such a subjective field, we wonder about whether we can obtain data of sufficient integrity which require minimal guessimations, though that may not be possible.

We're hoping that tomorrow will bring more light, to guide us to make the right (or at least an informed) decision on what we should embark on.

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