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The issues today that lead to sound
business investments and decisions are quite different than those of the
Industrial Age. Let’s augment our reports with the measurements of those
elements that drive the new business and the Information Age.
David Wilson, Partner
National Professional Development
Ernst & Young
It is important to realize that intellectual capital is real and provides
value. One need only look at the hackneyed example of Microsoft whose
accounting book value is significantly less than its market value based on
share price to see that there must be some explanation of this “excess”
market valuation. Arguably this “excess” is the market valuation of the
intellectual capital of the firm.
Bernadette E. Lyon, Associate Professor
Michael DeGroote School of Business
Ours is an era of knowledge. The companies, organizations, governments, &
schools that learn to leverage knowledge will gain. Those that stick to
old reward and management systems will lose. Winners must create a
knowledge sharing culture where the collective knowledge (intellectual
assets) are effectively leveraged into successful innovation and
meaningful learning.
Edward W. Rogers, Cornell University
Knowledge of Intellectual Capital is a rich
source of information about the organisation, and is of particular value
in the following scenarios.
- Validating the Organisation’s Ability to Achieve its Goals
- Planning Research and Development
- Information for Re-engineering and Downsizing Programmes
- Rationale for Organisational Education and Training Programmes
- Assessing the Value of the Enterprise
- Growing an Organisational Memory
The Technology Broker Ltd.
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