Alternative Terms for Intellectual Capital
The terms Intangible Assets (Petty & Cuganesan,2005), Knowledge Assets/Capital or Intellectual Assets/Capital are often used as synonyms for intellectual capital.
Intangible Assets and Knowledge Assets
The term Intangible Assets can often be found in the accounting literature, the term Knowledge Assets is used by economists and intellectual capital is used in the management and legal literature. But all refer essentially to the same thing: the intangible value contained in the heads and relationships of employees, management staff, customers and other stakeholders.
Intellectual capital encompasses not only the contents of employees’ minds but also the complex intangible structure that surrounds them and makes the organisation function.
Intangible Assets |
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