Question 1

In an effort to attract and retain top talent,firms provide financial and nonfinancial rewards to their employees.Give examples of each and describe how the incentives you have chosen may impact individual employees.

Accepted Answer

The answer of In an effort to attract and retain...

Question 2

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

Accepted Answer

Protecting a firm's intellectual capital is not a one-time action, but an ongoing process. It involves a coordinated and deliberate effort from various departments such as legal, IT, marketing, and human resources. Failure to protect intellectual capital can lead to loss of competitive advantage and even legal disputes. Thus, a concerted effort is necessary to safeguard a firm's intellectual assets.

Question 3

What is intellectual capital and what is its effect on the ratio of a firm's market value to book value?

Accepted Answer

The answer of What is intellectual capital and what is...

Question 4

The use of email can be distracting to employees when they use it excessively or for personal reasons.

Accepted Answer

Excessive personal use of email can distract employees from their work and decrease productivity.

Question 5

Describe the process of "hiring via personal networks".

Accepted Answer

The answer of Describe the process of "hiring via personal...

Question 6

Discuss how technology has impacted the attraction,training,and retention of professionals.How has technology helped firms to enhance their human capital and social capital?

Accepted Answer

The answer of Discuss how technology has impacted the attraction,training,and...

Question 7

Many firms attempt to codify the tacit knowledge of employees in an effort to retain that knowledge after the employee leaves the firm.

Accepted Answer

This statement is true. Many firms recognize the value of the knowledge held by their employees, especially those with specialized skills or experience. However, this knowledge can be difficult to transfer or document since it is often based on personal experience or intuition. To overcome this challenge, firms may attempt to codify or document this knowledge so that it can be passed on to new employees or used as a reference in the future.

Question 8

Why is the management of knowledge and knowledge professionals so critical in today's organizations?

Accepted Answer

The answer of Why is the management of knowledge and...

Question 9

Patents typically provide long term protection for a firm since they do not expire.

Accepted Answer

Patents do expire after a certain amount of time, usually 20 years from the date of filing. After that, the invention becomes part of the public domain and can be used by anyone without infringing on the patent holder's rights.

Question 10

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

Accepted Answer

The answer of Discuss the attributes of human capital.Give examples...

Question 11

Discuss the adage "hire for attitude,train for skill." What are its implications for the attraction,training,and retention of top talent?

Accepted Answer

The answer of Discuss the adage "hire for attitude,train for...

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