n Journal of Contemporary Management - Role of the learning organisation paradigm in improving intellectual capital

Volume 6, Issue 1
  • ISSN : 1815-7440



The purpose of this research is to determine to what extent intellectual capital is recognised and developed in the South African horseracing industry. The industry can be defined as an oligopoly, with Phumelela and Gold Circle the key organisations. Phumelela and Gold Circle's intellectual capital recognition and development is examined and compared. Intellectual capital is defined according to three categories - human, structural and relational capital. Intellectual capital's organisational importance is also discussed. The empirical study is conducted by examining the annual reports and financial statements of Phumelela and Gold Circle. Specific structured interviews with key industry role players are also referred to. Recommendations are made to assist in the industry's task of managing and developing intellectual capital.

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