A term " Workforce -in-place" can be used as a category when companies with their staff are purchased. Strategic Alignment, Exploration and Exploitation, Measurement and Reporting of intellectual capital .
Creating, shaping and updating the stock of intellectual capital requires the formulation of a strategic vision, which blends together all three dimensions of intellectual capital Human, Structural and Relational Capital within the organisational context through exploration and exploitation, measurement and disclosure .
Intangible assets are all of the other talents and theory by which an organization is run. Innovation capital includes intellectual property such as patents, trademarks and copyrightsand intangible assets.
Human capital is inherent in people and cannot be owned by an organization. In order to profit from intellectual capital, knowledge management has become a task for management.
Human capital also encompasses how effectively an organization uses its people resources as measured by creativity and Innovation. Therefore, the organisational value of intellectual capital is developed via an ongoing and emergent process focused on the capability to leverage, develop and change the dimensions .
The intellectual capital management is defined as a cycle of four inter-related sets of practices: Therefore, human capital can leave an organization when people leave, and if the management has failed to provide a setting where others can pick up their know-how.
Process capital includes the techniques, procedures, and programs that implement and enhance the delivery of goods and services.
The management of intellectual capital is conceptualised as occurring via a multiple stage process, governed by an evolutionary logic.
Human capitalthe value that the employees of a business provide through the application of skillsknow-how and expertise. For a business, translating the potential of its intellectual capital is crucial.
Classification[ edit ] Intellectual capital is normally classified as follows: Because of its diverse components, structural capital can be classified further into organization, process and innovation capital. Exploitation[ edit ] The management of intellectual capital is conceptualised as occurring via a multiple stage process, governed by an evolutionary logic .
Relational capitalconsisting of such elements as customer relationships, supplier relationships, trademarks and trade names which have value only by virtue of customer relationships licencesand franchises. Structural capitalthe supportive non-physical infrastructure, processes and databases of the organisation that enable human capital to function.The management of intellectual capital is conceptualised as occurring via a multiple stage process, governed by an evolutionary logic.
The intellectual capital management is defined as a cycle of four inter-related sets of practices: Strategic Alignment, Exploration and Exploitation.
Intellectual Capital Management and School Performance improving student learning and this should be a clear reference for future research in this field. of intellectual capital management. INTELLECTUAL CAPITAL MANAGEMENT 7 1. Identifying your Intellectual Capital 7 2.
Mapping the Intellectual research and policy institute,outlined that the large and growing discrepancy between (a) the importance of intangible assets to economic HOW TO MANAGE YOUR INTELLECTUAL CAPITAL.
Intellectual capital is the value of a company or organization's employee knowledge, skills or any proprietary information. Keywords Social capital, Knowledge management, Intellectual capital, Jordan, Knowledge development, Information communications technology Paper type Research.
intellectual capital, concluded that, “The economic value of the nation’s productivity depends That definition suggests that the management of knowledge (the sum of what is known) but if the organization has poor systems and procedures by which to track his or her actions, the overall intellectual capital will not reach its fullest.Download