Increasing smart city competitiveness and sustainability through managing structural capital

Florinda Matos (Intellectual Capital Accreditation Association, Santarém, Portugal)
Valter Martins Vairinhos (Intellectual Capital Accreditation Association, Santarém, Portugal)
Renata Paola Dameri (Department of Economics and Business Studies, University of Genova, Genova, Italy)
Susanne Durst (School of Business, University of Skövde, Skövde, Sweden)

Journal of Intellectual Capital

ISSN: 1469-1930

Publication date: 10 July 2017

Abstract

Purpose

The purpose of this paper is to explore and discuss possible solutions to integrate the concepts of smart city (SC) and intellectual capital management, especially referring to structural capital. On the basis of this, the authors propose a theoretical framework that highlights the relevance of structural capital for strategic and operational planning of smarter cities.

Design/methodology/approach

Using a neuropsychological analogy, the authors assume that the development of SCs corresponds to the development of a sensorial or even a nervous system for cities based on their structural capital, and the development of city intellectual capital (CIC) corresponds to a further phase of the cities’ mind development. The authors propose a practical framework that combines the concepts of city nervous system and city mind. It can be used as an instrument for project management. In this model, sensorial data – associated with the implementation of cities’ sensorial systems – should naturally contribute with open data to the development of higher abstract functions that in turn supports the creation of CIC.

Findings

This paper highlights the interrelations between intellectual capital (IC) (especially its structural component) and SC and their synergic capability of improving both an SC’s competitiveness and sustainability, and by this illustrates the benefits of combining both concepts in a common theoretical framework.

Research limitations/implications

Given the paper’s theoretical nature, the empirical validation of the proposed framework is missing. This limitation will be addressed in forthcoming empirical research.

Originality/value

By proposing a framework that combines the concepts of SC and IC, the paper contributes to theory development regarding the strategic management of cities and the application of IC.

Keywords

Citation

Matos, F., Vairinhos, V., Dameri, R. and Durst, S. (2017), "Increasing smart city competitiveness and sustainability through managing structural capital", Journal of Intellectual Capital, Vol. 18 No. 3, pp. 693-707. https://doi.org/10.1108/JIC-12-2016-0141

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Publisher

:

Emerald Publishing Limited

Copyright © 2017, Emerald Publishing Limited

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