In the emerging global information economy, knowledge will be more valuable than ever before in the history of organisations. Corporations can no longer successfully compete with the traditional factors of production, cash, land and buildings. This means a sharp paradigm shift in management thinking and management methods. We must develop completely new ways of viewing an organisation. Instead of operating with tangible objects and cold figures to count and measure, a manager must develop a strong sense for monitoring, developing and harnessing the most valuable asset of any modern organisation: its intellectual capital. Intellectual property rights, in the form of patents or copyrights, can be understood as the intellectual capital of a firm. The same applies to good customer relations or a competitive edge. But these are merely the visible results of ideas and innovations which will never emerge without a dynamic use of human skills, information and creativity: the core building blocks of intellectual capital. Dynamic Intellectual Capital™ is a knowledge management concept firmly based on the modern theory of competition. It is also a key to a new understanding of how organisations really work and how they must be led for success in a rapidly changing environment. This book is a map and a practical guide for all managers seeking to cope in the global knowledge economy. Besides the map, symbols and co-ordinates, the reader will be provided with powerful tools to launch a renewal process so as to transform any organisation into a source of ideas and innovations. This is really a winner's manual with a treasury of useful hints from the most successful international knowledge corporations. The writers are experienced practitioners of management and organisation development. Dr. Mauri G. Gronroos has a background in international business and a Ph.D. in economics. Dr. Pirjo H. Stahle has researched education sciences and works as a Chief Officer of Knowledge Management Chief Information Officer? What is this in Finnish? in the IT industry. Readers may update this book on a regular basis and take part in an international discussion on Dynamic Intellectual Capital and knowledge management at http://www.km-int.net .