intellectual capital definition

intellectual capital

Collective knowledge (whether or not documented) of the individuals in an organization or society. This knowledge can be used to produce wealth, multiply output of physical assets, gain competitive advantage, and/or to enhance value of other types of capital. Intellectual capital is now beginning to be classified as a true capital cost because (1) investment in (and replacement of) people tantamounts to investment in machines and plants, and (2) expenses incurred in education and training (to maintain the shelf life of intellectual assets) are equivalent to depreciation costs of physical assets. Intellectual capital includes customer capital, human capital, intellectual property, and structural capital.

intellectual capital is in the HR, Teams, & Training and Information & Knowledge Management subjects.

intellectual capital appears in the definitions of the following terms: non-traditional balance sheet, knowledge asset, investment, traditional balance sheet, intellectual asset, customer capital, balanced scorecard (BSC), structural capital, economic capital, intrinsic value and

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