The knowledge economy demands that firms leverage their knowledge assets or 'intellectual capital' to compete more effectively. The concept explains the three strands of intellectual capital - human, social and organisational capitals - and uses case studies to examine how firms are creating more value through their intellectual capital.
Intellectual Capitalism Definition
Intellectual capitalism (IC) can be interpreted as a convergence of a capitalist economy and a knowledge or information economy. It refers to an economic system with basic capitalist institutions in which productive assets and processes, as well as commercial transactions and products, are predominantly intellectual or non-material rather than physical in nature. IC normally involves or is referred to as intellectual capital, private property rights, private profit, competitive markets and free enterprise (Grandstand, 1999).
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- Andriessen, D. (2006) On the metaphorical nature of intellectual capital: a textual analysis, Journal of Intellectual Capital, vol. 7(1), pp.93-110.
- Barrett, B. (2011) Developing and Implementing Strategies to Enhance Intellectual Capital in the Online Learning Environment, Proceedings of the 3rd European Conference on Intellectual CapitalAcademic Conferences Limited, pp.62.
- Bontis, N. (1998) Intellectual capital: an exploratory study that develops measures and models, Management Decision, 36(2), pp.63–76
- Bontis, N. (1997), Royal Bank invests in knowledge-based industries, Knowledge Inc., 2(8).
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