25-08-2017, 09:32 PM
Intellectual Capital
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What is Intellectual Capital?
All nonmonetary and nonphysical resources that are fully or partly controlled by the organization and that contribute to the organization's value creation.
Is the intangible stuff that provides your organization with knowledge, strategy, customer service, etc. It is becoming the prominent resource for creating economic wealth.
Classification of Intellectual Capital
Organizational Capital
The knowledge that stays within the firm. It comprises organisational routines, procedures, systems, cultures and databases.
It is everything in an organization that supports employees (human capital) in their work.
Organizational capital is owned by an organization.
Human Capital
Is the knowledge, skills and experience that employees take with them when they leave.
Human capital is an organization’s combined human capability for solving business problems.
Human capital is inherent in people and cannot be owned by organizations.
Characteristics of Intellectual Capital
Intellectual assets are non rival assets.
Human Capital and Relational Capital cannot be owned, but have to be shared with employees and suppliers and customers.
Organizational capital is an intangible asset that can be owned and controlled by managers.
Human, Structural and Relational Capital often work together in judicious combinations to give rise to core competencies that assume strategic significance.