Intellectual capital is knowledge base of any organization irrespective of size and is a major contributor of revenues and profit. This knowledge base can be effectively converted as profit. This includes inventions, ideas, general know-how, design processes, software applications, communication design and publications, the individual capabilities, knowledge, skills, experience and problem solving abilities that reside in the people in an organization.
Intellectual Capital comprises Intangible Assets to include Human Centered assets, Intellectual Property, Infrastructure and Intellectual Assets. In some organizations, notably service organizations and those that depend upon information technology, Intangible Assets now outweigh tangibles in their importance to the organization.
Indeed, possession of tangible Assets such as machinery, buildings, Infrastructure and cash is only leveraged according to the nature and quality of Intellectual Capital in the organization. What is important in this new view is not just the new categories of value that have emerged, but the relationships and dependencies between them, threaded together with the flow of knowledge.
It all precipitates down to the nature of corporate knowledge and memory and how it will be used in the next millennium. The challenge for organizations is to build, protect and enhance intellectual capital.
Intellectual capital can't be bought off the shelf. We have process and methodologies to attract high quality human centered assets. Unique connections provides its customers a long-term solution to enhance and nurture their intellectual capital.