A Study and an Evaluation of Intellectual Capital in Business Organizations in India
Keywords:
Intellectual Capital, Human Capital, Methods of Measure, Characteristics of Intellectual capital, Indian CompaniesAbstract
Intellectual Capital is one of the basic resources of modern organizations in the age of the knowledge economy. No organization in any sector, whatever its size, would have achieved a competitive advantage without it. In the past, the tangible resources were the true wealth of organizations. However, the intellectual capital resources have become the cornerstone of all modern strategies in management. The organization's intellectual capital consists of human capital, structural capital and the relational capital or customer capital. This research paper is a critical analytical study of intellectual capital, its components, divisions, methods of measurement and the bases adopted in the measurement process. It is also a serious attempt to review these methods and determine their advantages and disadvantages for the purpose of determining the most effective method of measuring intellectual capital in business organizations. The study concluded that intellectual capital needs deeper studies to solve the problems of measuring methods. Many elements and components of intellectual capital are not accounted for by specific constraints and are thus estimated in a rough and subjective method. Organizations still do not rely on any formula to determine their intellectual capital
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