What Are The Intellectual Resources That Knowledge Managers Must Seek To Discover, Unlock, Share, And Capitalize On? (Choose Every Correct Answer.)

What Are Intellectual Resources (IR)? | Answer Of MCQ

Intellectual resources are intangible resources which are not physically touchable, can't be seen but are the most valuable intangible assets for the business. Examples include skills, talent, etc.

The correct options of this multiple choice question are A, B, C, D and F, as these are the intellectual resources (intangible resources such as skill, talent, expertise and intellectual property) which knowledge managers must seek to discover, unlock, share and get further advantage after gaining ideas, knowledge, skills, expertise, etc.

1. Skills

A knowledge manager has a variety of skills such as technical skills, interpersonal and conceptual skills to be required at different levels of management. Beyond these fundamental skills, he must have effective communication skills, problem-solving skills, good listening skills, etc., required according to the nature and requirement of the job. Skills able the manager to perform the tasks professionally. By using these skills efficiently and effectively, he provides value to the organization with this intellectual resource.

2. Relationships

A knowledge manager also needs to builds networks and establish good relationship with stakeholders such as customers, suppliers, partners, other organizations, etc., in order to improve the working performance of organization to achieve common goals effectively. Good relationship helps in increasing Collaboration among partners and stakeholders which increase efficiency and creativity among them. In such networks and relationships, they share knowledge, ideas, expertise, skills, experiences, etc., with each other. So, such environment of relationship creates social capital for the organization.

3. Expertise

Expertise is also an important part of intellectual resource for an organization. Expertise shows how well knowledge and skill a knowledge manager has in his field. With the passage of time, it gains through experience, trainings, study and practice. An expertise manager can efficiently and effectively managers and utilizes the intellectual resources to achieve organization objectives & goals. For example, if a manager has an expertise in the field of human resource management, then he can efficiently and effectively, hire, recruit, select and train the employees within an organization.

4. Wisdom

It is the application of knowledge and experience wisely based on scientific research and the analysis of critical thinking by following the ethical and moral standards in order to make correct judgements or to make rational decisions to solve the complex problem occurred in the organization. By using wisdom in management, an organization’s performance increased.

5. Ideas

Ideas mean thoughtful plans to do something such as an idea of new product feature & development or introducing a new service. Ideas create innovation and helpful in finding new things, processes, methods, suggestions to cope with the difficult situations. A great idea can change the organization overall performance. For example, adding a new product such as stool to sell to customers or adding a new service such as consulting service, changing product designs and packages to attract customers, making technological changes to improve the organizational daily working performance.

Incorrect Options of MCQ

The option E is not correct choice here as financial capital is related with the use of financial resources e.g. use of money to make purchases, pay wages, received revenue, etc., while intellectual resources are intangible and can’t be seen but these are valuable for the organizational performance to achieve goals efficiently and effectively.