What are different intellectual capital management methods?

The method to be used to manage intellectual capital depends on the type of capital. Three of the most common types are human, structural and relational. Each requires different types of manipulation to develop and prosper. Overall, the process of management of intellectual capital is controlled by intangible and tangible intellectual sources.

Management of human capital lies mainly in the care and development of the workforce. Employees have a single type of intellectual capital that can leave the company. In order to continue to benefit from its human resources, the organization usually focuses on storage efforts. The organization can also propose ways to help the workforce to prosper, from the encouragement of innovation to facilitate skills development.

Another aspect of intellectual capital management is to maintain structural capital. This is a frame that allows the proper functioning of human capital. The male of this area involves mental property such as trademarks, patenty and databases. It may also include physical features such as buildings and hardware. The organization will usually manage this asset with careful monitoring, inventory management and strategy.

relational capital is a part focused on the management of intellectual capital focused on the customer. It includes relationships with customers with the company overall and individual employees. The specific way of involving its customers can increase loyalty and recommendations, in addition to increasing its image with the general public. The trademarks can also be included in this category and together with franchises and licenses. The common manner of managing this source is to maintain close contact with customers through resources such as surveys, promotional events and special programs that are unique to the company.

Intellectual capital Management is sometimes combined with the process of knowledge management. This more general processIt manages all knowledge assets of the organization, from intangible to quantifiable. By combining these elements, the organization can mitigate the monitoring, management process and use of their resources. It can also explain the ways in which intellectual capital and knowledge are interconnected.

The intellectual capital of the organization is essentially its collected knowledge transformed into a valuable asset. Intellectual capital can be active or exists as a kind of debit in the sources of the organization. By managing this source, the organization can ensure that it reaps the benefits of all available intellectual assets. This usually involves recognizing, maintaining and organizing these assets for optimal effect.