Intellectual Capital can be said to
constitute value creating factors not shown in traditional balance sheets,
but which are of critical importance to a company's long-term profitability.
IC Rating is a way of measuring intellectual capital from
a new perspective and with a new approach focus on the assets that in fact
decide the ability of knowledgebased companies to create value for its
interest groups.
An IC Rating provides management with a
foundation for optimizing the competitiveness of the organization by
functioning as:
-
A foundation of a
modern business control system with clear and measurable goals for
maximizing future profitability. This analysis can be repeated in order to
measure the goal achievement;
-
A basis for
improvement and change activities which can be used on both management-
and operational levels. The areas of improvement can be identified after
which decisions about changes can be made;
-
A structured image
of value creating assets that can be used in market communication
(investor relations, annual reports) as well as within the organization,
where the tool creates a new basis and a new language for internal aspects
important to the business activity.
Compare: Intangible Assets Monitor |
Balanced Scorecard |
Strategy Maps
| PRISM |
Organic
Organization
|
Category
Valuing Intangibles
Intellectual Capital
Books
Edvinsson, Corporate Longitude
Kaplan, Norton, The Strategy- Focused
Organization
Standfield, Intangible Management
Lev, Intangibles: Management, Measurement, and
Reporting
Smith, Valuation of Intellectual Property and
Intangible Assets
|
