- intellectual capital
- A complex concept that includes human knowledge, information systems, brand names, and reputation. One popular definition is given by the equation:intellectual capital = human capital + structural capital + relationship capital Here human capital includes knowledge, competences, and the experience and expertise of staff, structural capital includes information systems and databases, and relationship (or customer) capital includes customer relationships, brands, and trademarks. In accounting, intellectual capital is often treated as being synonymous with intangible assets and valued in the same way, that is, by calculating the difference between the market value of a company and its book value Measuring the intellectual capital is important if one is buying or selling a company or comparing the performance of one company with another. In some companies the book value is only a small percentage of the market value. For example, in 2002 Microsoft had a market capitalization of $250 billion with tangible assets valued at less than $70 billion. The intellectual capital of Microsoft was therefore valued at over $180 billion. Clearly, the balance sheet for Microsoft is not reporting the all-important intellectual capital of the company, which includes technology, patents, brands, and human knowledge.
Big dictionary of business and management. 2014.
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intellectual capital — A complex concept that includes human knowledge, information systems, brand names, and reputation. One popular definition is given by the equation: intellectual capital = human capital + structural capital + relationship capital Here human… … Accounting dictionary
Intellectual Capital — The value of a company or organization s employee knowledge, business training and any proprietary information that may provide the company with a competitive advantage. Intellectual capital is considered an asset, and can broadly be defined as… … Investment dictionary
intellectual capital — Technical knowledge and expertise held by individuals or an organization. Intellectual capital can be a source of competitive advantage for a business *enterprise. See also *know how. Further reading: Mouritsan (2003); Usoff et al. (2002) … Auditor's dictionary
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Intellectual rights — (from the French droits intellectuels ) is a term sometimes used to refer to the legal protection afforded to owners of intellectual capital. This notion is more commonly referred to as intellectual property , though intellectual rights more… … Wikipedia
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