Each type of intellectual capital has a different impact on strategy formulation: please elaborate.
In the strategy formulation, the current research supported the validity of the cognitive style model, developed on the basis of modern cognitive science theories, that distinguishes between object, spatial and verbal modes of information processing and of intellectual capital.
A cognitive style as the way people perceive stimuli and how they use this information to guide their behavior (i.e., thinking, feeling, actions).
OLESYA BLAZHENKOVA and MARIA KOZHEVNIKOV The New Object-Spatial-Verbal Cognitive Style Model: Theory and Measurement Appl. Cognit. Psychol. 23: 638–663 (2009)
In attachment
http://www.pc.rhul.ac.uk/staff/gawrylowicz.julie/group2/Individual%20difference%20measures/Blazhenkova_Kozhevnikov_OSV_2009.pdf
Dear Khaliq, in our methodology we set the strategic objectives, analyze the IC concerning Human Capital, Structural Capital and Relational Capital to then derive the gaps between actual status and the strategic objectives to then formulate the strategy how to change the IC from the current status to the target status to reach the strategic objectives. See papers from Kai Mertins, Holger Kohl, Ronald Orth and Markus Will.
Strategy formulation is an intellectual activity, it is therefore dependent on all dimensions of intellectual capital. Perhaps we should worry about how VALUES of KEY MANAGERS affect STRATEGY FORMULATION
Please refer to,
Information Management Model for Intellectual Capital of HEIs in Oman: Theoretical Quantitative Approach and Practical Results. J. of Information and Knowledge Management, Vol. 17, No. 1, pp.1-38. (World Scientific).
https://www.worldscientific.com/doi/abs/10.1142/S0219649218500053?src=recsys&journalCode=jikm
Intellectual capital in a knowledge-based economy is one of the most important factors in the production of economic processes. The strategy of development of economic processes and / or enterprise development is determined by many factors, including various categories of production factors used by the company in the processes of its business operations. If information, technology and innovations are key production factors in a knowledge-based economy, intellectual capital is also one of the most important factors of production. In this situation, intellectual capital greatly influences the shaping of the company's development strategy and can have a significant impact on the efficiency of the business activity and development opportunities of the enterprise.
Best wishes
Intellectual capital can influence in many ways. I think one one of the skills of the intellectual capital wich must be to be considered is the intuition, feeling. Sometimes, when we design a strategy, someone can say: I have the feeling that this strategy will not be ok but I can not explain why. And she /he can be right....
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