Know your value?

Value what you know


Your need

Background

Accountancy firms are grappling with a new employee principle, that employees represent value not cost. Over the past decade the big four accountancy firms have charted a profound change in the way which companies are valued. In 1990 the bulk of the company's worth could be gauged by totaling up the company fixed assets and adding a token amount for goodwill. Now the largest capitalization is intangible - principally the talent, knowledge and teamwork of the company. Figures from E&Y show that the proportion of market value accounted for by intangible can be up to 95%.

All of this points towards a significant change in the way that people ‘Earn and learn’. However, little thought has been applied to how this change is managed at individual level. The paradox is that people actively manage their time at a micro level but often fail to place the same energy and focus in managing their personal capital.

This course breaks through the hype surrounding Knowledge Management to tackle the real issue that organisations face as they try to recoup the investment in information systems. Knowledge Management is not just about systems, processes and communication plans! It is about helping people understand how to manage their personal intellectual capital. The course introduces a new tool called the K-ProfileTM.  This will help individuals make knowledge choices that enhance their personal market value and companies understand how they can exploit the collective business capital.

Personal Capital

Consider over the latter part of the century how different management principles have emerged and combined into a professional discipline. Of all the skills that a professional is expected to hold, time management is somewhere to the fore. This personal discipline can be seen to blossom, even from school. As children we are forced into the discipline of blocks of time at school; at college, one of the first guiding rules offered by the tutor is about the need to manage study time; and at work, some people now micro-manage themselves down to the minute. In this rush to manage time, where is the desire to manage knowledge? I suggest that it is generally subordinate to time in terms of importance. However, I can create a greater market value by selling one hour's worth of knowledge than I can one hour of my physical time.

Step back in time 20 years and the notion that you might attend a time management course as part of your personal development might have been deemed crazy, costly and unnecessary. However, as the value of time has increased, so companies now recognize that people have to be trained how to use time more effectively. In the same way that it has become accepted that people need to manage their time to become effective, so we must shift to a map where knowledge management is seen to be just as important. We must shift to a stage where knowledge management courses – programmes where people are taught how to map, measure, manage and market their personal capital – are of critical importance.

Knowledge is now as critical as time and in many cases more important. As we move to a knowledge-based economy, so the pressure will be to manage capital more effectively. To the point where the capability to effectively process knowledge at an individual level will provide a commercial differentiator for the company. In the same way that people now manage their time, we need to develop a business ethos where people also create and manage their personal capital. 

The K-Profile is a practical tool that will help enhance your capability to learn, map, manage, measure and market your talent. To build on the insight the K-Profile offers about your personal management processes you might consider some of the following questions:

Benefits to you and your organisation

By the end of the programme the delegates will understand how to:

Client Feedback

Who should participate

Anyone who wishes to enhance either their personal ability to manage personal knowledge or make a serious intervention into the way that their team or company optimizes it's intellectual capital.

Programme costs

The following prices are based on a delegate rate and on the assumption that the client provides training and residential accommodation for the delegates and all tutor costs. 2-day residential/non-residential event starting at 9am on day 1 and finishing at 5pm on day 2 - £699 with a minimum of 10 people

Programme details

Source Material

 

The course is based upon ideas contained in the Know your value? Value what you know book and Leading the Organisation to Learn written by Mick Cope and published by the Financial Times.

 

Indicative Course Content

(Final agenda and content agreed with client)

Day 1

Day 2

 

(c) Mick Cope