the combined intangible assets owned or controlled by a company or organization that provide competitive advantage. Intellectual capital assets can include the knowledge and expertise of employees, brands, customer information and relationships, contracts, intellectual property such as patents and copyright, and organizational technologies, processes, and methods. Intellectual capital can be implicit and intangible—stored in people's heads—or explicit and documented in written or electronic format.
At present intellectual capital reporting seems to have reached a plateau in which questions about whether these reports can be further improved in terms of information content should be asked. This paper contends that at present there are significant measurement problems to be addressed with respect to intellectual capital reports....
At present intellectual capital reporting seems to have reached a plateau in which questions about whether these reports can be further improved in terms of information content should be asked. This paper contends that at present there are significant measurement problems to be addressed with respect to intellectual capital reports....
In particular, we analyze in depth the valuations of Kellogg's and Coca-Cola performed by Damodaran and the method proposed by Interbrand. Damodaran valued the brand Coca-Cola in 24,6 billion dollars in 1993 and in 102,6 billion dollars in 1998. In recent years, a lot has been spoken about the value...
Q&A James E. Copeland, Jr., chief executive officer of Deloitte Touche Tohmatsu, explains how defining your company's culture is a key step toward developing intellectual capital.
Much has been written about how to unlock a company's hidden value. Yet an increasing body of knowledge that draws on human resource accounting, intellectual asset management, actuarial science, and finance and economic theory seeks to determine how much. Answering the question, "How much of this hidden value could be...
One of the recurring topics of discussion in technical communication is “proving” the value of work. One don’t know these values because current accounting systems have limited means for calculating the financial benefit of value-added services packaged with products or policies and procedures developed for use in-house. It is important...
This paper seeks to develop a literature-based perspective on intellectual property from the standpoint of business strategy and strategic human resource management. Distinctive competitive advantage is increasingly built on a firm's knowledge, one of the principal ingredients of intellectual capital. Competitive capability is strongly influenced by the organization's ability to...
The solutions to developing drugs faster and more profitably are scattered across the sophisticated, diverse information assets found in pharmaceutical research, clinical, medical, manufacturing, regulatory, marketing, and sales groups. They reside in complex databases, reports from previous clinical trials, media and journal reports, external industry and governmental resources, and the...
The fortunes of high-technology firms depend on investments in intangible capital, which is comprised of intellectual capital as well as marketing capital. While the importance of intellectual capital - R&D capability, human capital, and the like - has been well established, the central role of complementary marketing capital - in...
This paper revises several methods used for valuing brands. Among them, those of Interbrand, Damodaran, Financial World, Houlihan Valuation Advisors, Market Facts, Young & Rubicam and CDB Research & Consulting. In particular, it analyzes in depth the valuations of Kellogg's and Coca-Cola performed by Damodaran and the method proposed by...
The purpose of this paper is to introduce intellectual capital as a mediating construct between HR configurations and organizational performance, thereby combining research streams in HR and strategic management. Although, academic and business strategists have acknowledged that HR plays a role in developing and managing strategic resources and core competencies,...
As innovation increasingly drives economic growth, investments in knowledge become the foundation of sustainable knowledge-based economies across the OECD. Intellectual assets such as patents, trade secrets, human capital, and organizational structures are widely considered important contributors to business performance and economic growth - perhaps more-so than tangible assets such as...
Intellectual Capital IC has always been important. IC enabled the construction of the pyramids in Egypt. It helped Henry Ford fuel the industrial era. However, until now, economic value has been created primarily through the use of tangible resources like factories and raw materials. Peter Drucker helped people understand that...
Recognizing the role of intangible assets in the economy and the unrealized potential these assets have on current and future value, companies are now seeking to understand the value of their intellectual assets as it relates to market capitalization and how to leverage that capital to its fullest extent. Firms...
The focus of this paper is on intellectual capital management in the Finnish TOP 50 companies. The role of competencies and knowledge in contemporary business is significant. In intellectual capital management competence management and knowledge management play an important role. Therefore, this study focused especially on competence and knowledge management...
In accordance with the resource-based view and the activity-based view, sustainable competitive advantages are mainly due to core knowledge that, together with tangible and especially intangible resources, develops competitive products and services through the appropriate activities and processes of the value chain. Strategic Benchmarking of Intellectual Capital SBIC is a...
Knowledge management reflects the high value of intellectual property, whether or not it is in patents or protected by other legal instruments. Intellectual property is increasingly regarded by economists and business people as a most important asset right up there with land, labor and capital. Knowledge provides the competitive edge....
This paper describes the results of a ground-breaking research study that measured the antecedents and consequents of effective human capital management. The research sample consisted of 76 senior executives from 25 companies in the financial services industry. The results of the study yielded a holistic causal map that integrated constructs...
Intellectual capital management encompasses a wide range of activities, all of which are designed to help an organization gain maximum advantage from the knowledge that is continuously generated as a result of day-to-day business practices. Recognizing which knowledge is the most valuable is the relatively simple first step. It is...
The paper explores techniques of benchmarking the operational management of Intellectual Capital IC. The research is based on a longitudinal action and case research in an R&D organization. The failure to benchmark IC management practices between two seemingly identical subsidiaries has implications for the measurement and benchmarking of IC. The...
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