Intellectual Capital Management Workforce

Lesson 1: INTELLECTUAL CAPITAL MANAGEMENT WORKFORCE

To understand the concept of  “Intellectual Capital Management”, first it is important to define the term intellectual capital.  “Intellectual Capital” can be defined as an organization’s overall use of knowledge, creativity, and decision making and how these three concepts contribute to its success.  Ultimately, the process of intellectual capital management is the oversight of its intellectual resources.  As Stevens states (2010), “Intellectual capital may be in active use or exist as a sort of debit in an organization’s resources. By managing this resource effectively, an organization can be assured that it is reaping the benefits of all available intellectual assets.”

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