Intellectual Capital

Definition: Intellectual Capital is the total value of all intangible assets of a firm. In other words it is the difference in value between all tangible assets (physical and financial) and market value.
IC can be categorized broadly into:
- Human Capital
- Organizational Capital
- Relational Capital
- Innovation Capital
IC is being measured for the following purposes:
- Business Valuation
- Benchmarking
- Organizational Development
- Annual Reporting
In the knowledge economy, the relative importance of IC has grown tremendously.