Human Capital In Transformation
- 1. Prepared by: Ksenia Orumets
- 2. Contents Introduction - about Skandia IC Intellectual Capital IC Intellectual Capital Components Skandia Navigator Human Capital Components Knowledge Sharing Female Potential SFC Skandia Future Center Knowledge Cafe
- 3. Skandia SE is a Swedish insurance company that was started in 185 5. It has operations in Europe, Latin America, Asia and Australia. In 2003 the operations in North America, American Skandia, was acquired by Prudential Financial. It also operates an internet bank called Skandiabanken. Skandia is one of the world's leading independent providers of solutions for long-term savings and investments. They offer products and services that cater for various financial needs and security.
- 4. Interest in and attention surrounding Skandia’s work with the concept of intellectual capital (IC) has risen significantly in recent years, in Sweden as well as globally . The concept of IC and its application require a new strategic leadership perspective, a new taxonomy, and new management tools. (IC) Intellectual Capital company’s intangible resources and can be assessed as the difference between its market value and its book value, expressed as adjusted shareholders’ equity. model Tobin’s Q, where IC is assessed as the difference between the market value of a company and the replacement cost of its fixed assets. IC can be described as a : the discounted present value of the company’s excess profitability in comparison with its business competitors in calculeted intengible value (CIV).
- 6. Scandia Navigator Skandia is developing a future-oriented business planning mode l . Navigator provides a more balanced, overall picture of operations – a balance between the past (financial focus), the present (customer focus, process focus and human focus), and the future (renewal and development focus).
- 7. Competence - f rom Skandia’s perspective,can be described more precisely as knowledge, will and skill. Relationships – individual actions or by sharing knowledge and networking with colleagues or partners. Values - a conception, explicit or implicit,distinctive of an individual or characteristic of a group, of the desirable which influences the selection from available modes, means and ends of actions. Culture - the combined sum of individual opinions, shared mindsets, values and norms. Leadership – the bridge between human capital and structural capital as well as a part of both human capital and structural capital. Human Capital Components
- 8. Knowledge Sharing Goal: I ncrease its intellectual capital by sharing knowledge about the company’s goals, methods and values among its employees. Programmes: Meet the Cabinet Question of the Week
- 9. Female Potential Project Goal: (started in 1997) to bring more women into business-related positions, to obtain more female leaders, and to actively eliminate obstacles to the realization of the full development potential of these women and add to the collective value-creating process within Skandia.
- 10. SFC is an embodiment of the Renewal & Development platform in the Skandia Navigator. By continuously striving for renewal, related to the company’s root system, future earnings capability is created. From this emerges a company that is innovative, sustainable, exciting and attractive both to work with and to invest in. Achieving this requires an approach that can be called Intelligent Enterprising. This contains a number of dimensions, including a global perspective, breaking new ground, having a navigation system that complements the bookkeeping, having knowledge recipes that can be globalized, and having a strong values base for relationships. (SFC) Scandia Future Center
- 11. Knowledge Cafe: S mart technologies T he brain lab The library of the future T he cyber campus Cultivators T he coffee house Knowledge Cafe All under the Knowledge Café concept – a metaphor that alludes to the notion that knowledge workers might not go to the office to work, but to a café .