What is meant by intellectual capital?

What is meant by intellectual capital?

Intellectual capital refers to the intangible assets that contribute to a company’s bottom line. These assets include the expertise of employees, organizational processes, and the sum of knowledge contained within the organization.

What are the three types of intellectual capital?

Moreover, the study divided intellectual capital into three types: employee capital, structural capital, and customer capital. We analyzed that these three types of intellectual capital are positively associated with innovation performance as follows.

What is intellectual capital performance?

VAIC is a proxy for value creation efficiency of the intellectual capital of the firm and is a summary of the value-added efficiency of human, customer, and structural capital. It means that increases in VAIC increase the effectiveness of the firm and vice versa.

What are the intellectual capital elements?

Many practitioners suggest that Intellectual capital consists of three elements: Human capital. Structural capital (or organizational capital) Relational (customer) capital….Components of Intellectual Capital

• human capital,
• external capital.
• internal capital (Edvinsson and Malone, 1997; Stewart, 1997; Sveiby, 1997).

How do you develop intellectual capital?

Intellectual capital is the foundation of all thought leadership campaigns. A very effective way to start unearthing the intellectual capital is to decide on the broad-based audience – clients/prospects compared to referral sources – and to decide on the focus on the thought leadership initiative.

How do you build intellectual capital?

How do you identify intellectual capital?

Here are a few methods developed to measure intellectual capital:

1. Market Value-to-Book Value Ratio (MV/BV) The Market Value-to-Book Value Ratio (MV/BV) shows how much a company is valued beyond its financial strength.
2. The Balanced Scorecard method.
3. The Skandia Navigator.

What is an example of an intellectual asset?

Examples of intellectual property include an author’s copyright on a book or article, a distinctive logo design representing a soft drink company and its products, unique design elements of a web site, or a patent on a particular process to, for example, manufacture chewing gum.

When was intellectual capital the new wealth of organizations?

Stewart, T.A. (1997) Intellectual Capital: The New Wealth of Organizations. Doubleday/Currency, New York. has been cited by the following article: TITLE: Intellectual Capital: An Exploratory Study from Lebanon AUTHORS: Hussin J. Hejase, Ale J. Hejase, Hassana Tabsh, Hassan C. Chalak

What are the characteristics of intellectual capital ( IC )?

Originality/value – This study examines the characteristics of items that can be considered as IC in order to provide a formal classification system of IC that can be instilled in a reporting system which can be used generally in any organization that involves the use of IC. … … Content may be subject to copyright.

Who is the author of the book Intellectual Capital?

About the author (1997) Thomas A. Stewart is an award-winning member of the board of editors of Fortune magazine. He pioneered the field of intellectual capital in a series of landmark articles that earned him an international reputation as the chief expert on the subject.

Who is Clare Ruckdeschel and what is intellectual capital?

Clare Ruckdeschel is a graduate of Florida State University and is an instructional designer with IBM Education & Development. She may be reached by phone: (770)835-3615 Please review our Terms and Conditions of Use and check box below to share full-text version of article.