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Summary
October 6, 2004 - Intellectual capital (IC) is widely recognized as a drive
of the knowledge economy. Innovation both creates it and depends on it; knowledge
workers are its DNA. But today IC is difficult to define, measure and monitor.
Ventana Research believes Intellectual Capital Management (ICM) represents a
key direction for the innovation management technology market and will become
a key contributor to effective innovation performance management (IPM).
The concept of intellectual capital is closely tied to the new focus on the intangible wealth of organizations. IC goes way beyond traditional intellectual property (IP) to encompass knowledge and expertise in terms of business model, business process and relationship networks. Whilst many larger organizations practice IP management and use IP management technology, when was the last time you reviewed the IC trends in your organization?
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