What Is Intellectual Capital?

Intellectual capital refers to the economic value of two intangible assets of a company: organizational capital and human capital. In the knowledge economy, human resources are becoming increasingly important. In fact, the knowledge economy is an intelligent resource-consuming economy, which mainly depends on the input of knowledge and intelligence. It can be said that the knowledge economy is an economy dominated by the input of intellectual capital, and intellectual capital is the basis of the knowledge economy. The proposal of intellectual capital is the result of the deepening of human capital theory and the development of knowledge economy. Intellectual capital and human capital have different historical backgrounds. Human capital is in the context of explaining the "mystery of economic growth". After long-term research, economists proposed it by Fisher, Theodore Schultz, Becker and others, which represents the new development of economic theory.

Intellectual capital

This entry lacks an overview map . Supplementing related content makes the entry more complete and can be upgraded quickly. Come on!

As early as 1836,

How to strengthen the intellectual capital management of the information service industry

In a rapidly changing international environment, companies need to adopt a set of thoughtful strategies for innovation, development and application of knowledge in order to gain and maintain their leadership position. This is mainly due to the fact that in the value of products and services, the proportion of tangible resources from physical resources and manual labor is accelerating to decrease, and more and more originate from intangible resources that create intellectual wealth and knowledge. Therefore, organizations in the knowledge age need a management model that can maintain competitiveness and can generate, acquire, and apply intellectual capital. Knowledge-intensive enterprises all take effective management of intellectual capital as a strategic means to obtain and maintain competitiveness. According to the theory and practice of intellectual capital, the information service industry should strengthen the management of intellectual capital in the following areas:

1. Establishing an intellectual capital management system

Successful enterprises should have a complete knowledge management system, and the goal of knowledge management is to try to transfer the most appropriate knowledge to the most appropriate people at the most appropriate time so that they can make the best decisions. Through intellectual capital management, knowledge-intensive enterprises must eventually form an intellectual capital management mechanism to better promote the development of intellectual capital. The fundamental measure of effective intellectual capital management is to establish a standardized management model within the enterprise, and to establish the strategic position of intellectual capital management in enterprise management in the form of a system. This is a fundamental guarantee for the implementation of corporate intellectual capital management. Therefore, according to the characteristics of information service enterprises, and in accordance with the guidelines established by the index system, an intellectual capital evaluation index system suitable for the information service industry must be established.

2. Establish full-time intellectual capital managers

In recent years, many famous foreign companies have set up Chief Knowledge Officer (CKO) due to the importance of corporate intellectual capital. As an independent functional department manager, CKO is responsible for the human resources management, technology development, intellectual resource development, and establishment of the company's own knowledge sharing system. At present, 42% of the world's top 500 companies have established intellectual capital management platforms, and the Chief Knowledge Officer

3. Promote intellectual capital management through intellectual capital development

The development of intellectual capital refers to a systematic and comprehensive analysis of the external environment and the company's own conditions. After correctly determining the company's current and future development strategy goals, it will effectively utilize the company's existing intellectual capital, continuously create and Value-added new intellectual capital, in order to create a continuous supply of internal driving force for the enterprise to create value and achieve sustainable development, the implementation of a series of systematic and dynamic strategic management activities within the network of the enterprise. Chinese enterprises should build a corporate strategic management framework with corporate intellectual capital development as the core, and develop human capital in a people-oriented manner.

4. Improve the quality of corporate employees

The competition of modern enterprises is in the final analysis the competition of talents. The strength of an enterprise comes from employees with knowledge and skills. At present, the overall quality of employees in the information service industry in China is not high. On the one hand, it is difficult for service agencies to find satisfactory professionals from the market. On the other hand, many information service agencies are small in scale and poor in management ability, and they are not attractive to high-quality service personnel. Professional management professionals with high quality and professional consulting service professionals (such as enterprise diagnostics, business management consultants, industrial engineers, enterprise information engineers, etc.), to build a team of consulting service practitioners, China has not yet established a training system and Corresponding ability identification system. Therefore, while emphasizing talent rejuvenation, when training information service talents, the following five capabilities are required: modern information dissemination capabilities, library network extension capabilities, comprehensive information processing and analysis capabilities, information product marketing capabilities, and gray literature and The ability to develop network information resources, and strive to achieve the transformation from human capital management to intellectual capital management.

5. Strengthen management innovation activities

The essence of intellectual capital management is management innovation, so as to obtain the added value of the intellectual capital of enterprises. Management innovation is the re-integration of intellectual capital so that the enterprise achieves its stated goals. Generally speaking, in the practice of corporate intellectual capital management, the management of human capital is the premise and starting point, with structural capital as the guarantee and support, promoting the creation of personal intelligence, encouraging the conversion of personal potential intelligence into corporate intellectual capital, and Legal protection of important intellectual capital.

6. Promote the transformation of corporate human resources to intellectual capital

When intellectual resources are converted into intellectual capital, they will have the general attributes of capital, and capital has the most liquidity. This mobility can make the intellectual resources get the most reasonable and optimal allocation, and it also makes the cultivation of intellectual resources an objective necessity. To drive investment in the growth of intellectual resources. To achieve the transformation of human resources into intellectual capital, the information service industry needs to do a good job in three areas: First, the individual's right to invest in intellectual resources is clearly defined. Whether it is technology or intellectual investment, it means that intellectual resources can be invested as capital. Second, a relative price evaluation system should be determined for intellectual resources. Only proper quantification can make comparison and competition possible; the third is to establish an expected target system for intellectual capital to operate. The size of the intellectual capital investment must not only be properly evaluated before entering the production and circulation process, but also its expected value must be raised, and finally distributed according to the actual profit. This promotes the company's scientific and technological talents and management talents to breathe and share the same fate with the enterprise, thereby ensuring the maximum benefit of the enterprise.

7. Create a corporate culture atmosphere suitable for intellectual capital development

In order to enhance the synergy within the information service industry system, it is necessary to build an excellent corporate culture suitable for its own development. Excellent corporate culture is a management method that embodies humanistic management thinking. It is the sum of the ideological and behavioral ideas based on the common values of all members formed in the long-term production and operation activities of the company. tradition of. By strengthening the corporate culture, getting the company out of the predicament, going out of the trough, sustainable development, and being invincible in the competition for a long time is an effective method that has been proven by many enterprises in practice, and it is also a function of corporate culture.