Title:
INTELLECTUAL CAPITAL: AN INTRODUCTION

Authors:
Dr. Satpal Singh

Volume - 2 Issue - 12, Pages - 5780-5791

Abstract:
Intellectual capital is the sum total of human capital, structural capital and relational capital. Intellectual capital is also known as intangible assets or knowledge assets of the organization. IC is most important capital as it creates value and wealth for organization in today's knowledge economy. It consists of knowledge, skills, competences, know-how, capabilities, creativity, ideas, education and training of employees(human capital),patents, trade marks, copyrights, exclusive licences, information systems, databases (structural capital) and relation with external customers( relational capital).The present study aim to investigates the concept of IC, model of intellectual capital and components of intellectual capital. Study also reveals the most common used measurement modes of IC such asSkandia Navigatore(Edvinsson and Malone, 1997), Intangible asset monitor (Sveiby1997), Calculated intangible value (Stewart and Luthy, 1997), Balance scorecard (Kaplan and Norton, 1996), Technology broker ( Brooking, 1996), Value added intellectual coefficient, VAIC ( Pulic, 1998), Value Chain Scoreboard(Lev, 2001).For this purpose study used secondary data compiled from various journals and articles. Overall result of the study shows that intellectual capital is most important key resource of value creation for company and helps in taking competitive advantage in the era of knowledge economy.

Cite this Article:

[Satpal. "INTELLECTUAL CAPITAL: AN INTRODUCTION ." International Journal of Social Science and Economic Research, vol. 2, no. 12, Dec. 2017, pp. 5780-5791. December.]