On July 30, Rick Karash <rkarash@karash.com> wrote in L08754,
>They worked to put the human resources on the balance sheet...to be
>able to reflect this on their balance sheet.
--some good stuff snipped--
>Back to Abt Associates... I remember that they published their own
>financial statements in accord with the new accounting principles they
>proposed and that these statements were pretty interesting. This would
>have been in the late 70's.
Rick, just an observation, the 'trend' of accounting for the human
resource is back in the 1990s as suggested by the ongoing debate on the
"intellectual capital" and "intangible assets". For some recent
discussions on 'accounting' for the human resource, a couple of recent
papers are accessible at:
http://www.strassmann.com/pubs/cik-value.html
http://pathfinder.com/@@3YWMMwcAIADIUrDq/fortune/magazine/1996/960219/thecoins
.html
For more on 'knowledge assets' and 'intellectual capital', articles are
accessible from:
http://www.pitt.edu/~malhotra/OrgLrng.htm
(Pl. observe changing 'case')
Apparently, with the coming of the 'knowledge era', there is increasing
realization about the relevance and 'value' of tacit knowledge embedded in
the organization's members. Everything said and done, tacit knowledge of
individual organization members plays the essential role in generating
organizational learning through the 'spiral of learning.'
Sincerely,
Yogesh Malhotra
malhotra@vms.cis.pitt.edu
University of Pittsburgh
--Yogesh Malhotra <MALHOTRA@vms.cis.pitt.edu>
Learning-org -- An Internet Dialog on Learning Organizations For info: <rkarash@karash.com> -or- <http://world.std.com/~lo/>