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.
organization that brings about future benefits. In the current markets, competition is high and the buyers have.
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.
Intellectual Capital is an organization's registered knowledge value and it functions as a composition of knowledge, skills, experience, and information that influence the present and future success of the business and establish its rank in comparison with the other firms.
Organizations retain intellectual capital by Keeping good employees, systematically transferring knowledge to other employees, and transfer knowledge into structural capital.
In the 21st century, where technology changes develope rapidly, companies create value addition by using their intellectual capital and turning the added value into profit. Companies can focus on intellectual capital investments and increase their productivity for sustainable financial performance.
A consensus has been developed that intellectual capital can be characterized as consisting of three components:
human capital,
external capital.
internal capital .
Intectual capital of a firm is based on the estimate of the difference between the book value and market value. In this method, the positive difference as a result of the market value is higher than the book value of a company is considered as elements of intellectual capital.
Intellectual assets, also known as intangible assets, include things like your business's brand name, logo and URL. Intellectual assets also include original creative works (such as album cover artwork) or inventions (such as productivity and gaming software).
Seema Priyadarshini sahay
05-Oct-2021 05:18 PM
Nice
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Shalini Sharma
01-Oct-2021 12:15 PM
Nice
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29-Sep-2021 11:51 AM
Good...
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