In global multinational organizations, business processes are no longer bound by time, location, or the organizational structure. Management thinkers like Hamel and Mintzberg proclaim that a new way of management is needed in order to leverage the innovative potential of these sources to a fuller extent (Hamel and Breen, 2007, Mintzberg, 2009).They suggest management 2.0 principles to leverage the capabilities, creativity, and knowledge of all employees and rely on web 2.0 and social media platforms. Besides appropriate innovation platforms, companies have to provide an organizational setting that enables and supports collaborative innovation (Sawhney et al., 2005) and internal crowd sourcing (Howe, 2008) or co-creation (Winsor, 2005) initiatives.
The first part of this paper explores the relationship between intellectual capital and knowledge communities. By mirroring this relationship against the management 2.0 principles the creation, activation and sharing of intellectual capital and its management in a knowledge community surrounding is discussed.
The second part of the paper presents a case study of an international company which applies knowledge communities for its innovation process putting the theoretical framework given above to test. Based on the findings managerial implications are proposed. Finally aspects for further research in knowledge communities in respect for intellectual capital are presented.