In the information and knowledge-based
society of the 21th century knowledge evolved to a curcial
resource. In todays business environement intangible
assets like employee expertise as well as relationships to
customers, suppliers and partners are becoming
increasingly important for a sustainable development of
an organisation. Thus, the structured and systematic management
of these intangibles is a crucial factor of success.
Therefore the main goal of the intellectual capital
statement is to enable small and medium-sized entities to
utilise and manage these elusive assets.
What is an intellectual capital statement?
The intellectual capital statement is an
instrument for the systematic and structured presentation
and developement of a company's intellectual capital.
It'll point out the correlations between organisational
goals, business processes, intellectual capital and the
business success within a company. For a better
understanding and structure the intellectual capital is
often subdivided into human capital, structural capital
and relational capital.
The purpose of intellectual capital statements
The intellectual capital statement fulfils
two functions. On the one side it can be used as an
external communication tool, eg. to illustrate the
organisational effectiveness in regard to intangible
assets. On the other side it can be used for internal
communication, as a strategic management tool to foster
the decision-making process an to enable the systematic
development of intellectual capital. As an internal
communication tool it can promotes transparency on
organisational strengths and weaknesses of the
intellectual capital and enables a systematic derivation
of specific measures for organisational development.
to the structural model