The corporate enterprise of world’s business sphere is focusing now days in
intellectual capital to beat their rival. They
are in search for more intelligent approaches to manage their corporate business. The attention being given to
intellectual capital has grown from a ripple to a groundswell as ever new insights demonstrate that intellectual capital is one of the major forces driving corporate performance and earnings. Not only current performance, but of even greater strategic importance, we now know that it is the firm’s intellectual capital that defines its future.
Intellectual capital in border sense is comprised of human capital and structural capital. Its sub elements include
organization capital, customer capital, supplier capital, and more. Intellectual capital is about the creation of value out of human talent, transforming it through the resources provided by the firm’s structure, and multiplying it on a global scale by the value extraction recipes .In many corporations, their are a lot of hidden values, imbedded in both the human and structural capital of the firm. Corporations recognizing the importance of this hidden value have been working to understand how to release its potential through systematized value extraction processes.