Intectual Capital a Boon for the Organisation

Manik Sinha

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Intectual Capital a Boon for the Organisation

"Intellectual Capital a Boon for the organization.

Intellectual capital is the collection of intangible and knowledge-based assets a company (or individual) possesses. Components of intellectual capital include human capital, relationship capital and structural capital

Intellectual assets of an organization create value and also increase the financial worth in the organization. Intellectual property facilitates research and development. The more the ability to invest in research and development, the more the potential that an organization can add value to its growth.

What is Human Capital?

Human capital is an intangible asset or quality not listed on a company\'s balance sheet. It can be classified as the economic value of a worker\'s experience and skills.

Difference between Human Capital and Intellectual Capital .

Magrassi defines human capital as “the knowledge and competencies residing with the company\'s employees” and defines organizational intellectual capital as “the collective know-how, even beyond the capabilities of individual employees, that contributes to an organization.

To a company, intellectual capital is important because it links the present of the company with its future. The intellectual capital accounts balance the short-term and long-term motives.

Intellectual capital tends to be an important resource and a key contributor to the economic success and value creation in a business. ... Through intellectual capital, the firms are able to quickly adapt to the changes and remain competitive in the markets.

Why is intellectual capital important?

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