Premium Essay

Knowledge

In: Business and Management

Submitted By melinda1704
Words 263
Pages 2
Intellectual Capital (IC), Social Capital (SC) and Intellectual Property (IP)
(1) Intellectual Capital
- “the difference between the market value of a publicly held company and its official net book value is the value of its intangible asset.” (sviebly 1997)
- Example: stock prices change in response to changes in management of an enterprise (Microsoft, oracle, SAP)
- Can be highly volatile entity and dependent on daily fluctuation of capital market
- However may create tangible risks for investors and other stakeholders.
- Organisation for Economic co-operation and development (OECD) treats IC as a subset of the overall intangible base of an organization such as its reputation.
- Measurement of IC can be viewed as a continuation of the historical approaches to measure HR performances. Identify meaningful and reliable HR measures of greatest concern to the organization Develop measures whose potential benefits outweigh the expense or difficulty of data collection HR performance is used for benchmarking “balanced scorecard” was likely to provide senior managers with a fast single report on organizational performance Provide management with extra internal indicator to establish cause-and-effect relationship & examine performance drivers.

(2) Social Capital
- the networks of relationship (and trust) that a person organization has established with customers, suppliers and other key stakeholders.

(3) Intellectual Property
- is the legally or contractually prescribed property of an organization, entity or institution usually protected by registrations, patents, and licensing agreements.
- IP is designed to protect proprietary knowledge that is of commercial or scientific value
- In the digital age IP is increasingly difficult to protect and define there is a tension between IC and...

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