Over the last five years several frameworks have been suggested for the development of corporate' competitive advantage, on the basis of their intangible resources. These frameworks are mainly managerially oriented; they require the design of a set of metrics dealing with organisational inputs. Hence the importance of making the link between internal and external perspectives, especially those related to financial performance. Making such a link is the main aim of the intellectual capital dynamic value (IC-dVALw) approach, which integrates four dimensions for measurement-inputs, processes, assets, and outputs-and defines ad hoc metrics for measuring intellectual capital in a dynamic way. This approach is now used at the corporate level in several contexts. It is also under consideration for implementation at the mesoeconomic and even the macroeconomic levels. The paper also presents how such an approach can be used at the country level, especially in Europe.
The mode of wealth creation has changed from mass-production to an economy of knowledge, where the key drivers of economic growth are intangibles. The value-creating mechanisms of intangible assets and capabilities are radically different from those in the manufacturing era, and new theoretical and methodological approaches are needed for grasping them. The intellectual capital (IC) movement aims to tackle this challenge and construct methods for describing, measuring, reporting and valuating intangibles in organizations, regions, networks and nations.In this paper, we concentrate on the dynamic perspective on IC, i.e. possibilities to tackle the influence that IC has on performance, in this case on national level. We argue that for a genuine contribution IC approach must be focused on the dynamic effects of knowledge and value creation, and that those effects must be reliably identified. By dynamics we mean the IC components which drive and boost economic growth in distinction from those being only results and antecedents of a booming economy. From a strategic point of view, it is important to identify the indicators that are strongest linked with economic (or otherwise desired) growth. On the other hand, if the analysis is made on a national scale, the possibility to identify even national specific economic IC drivers becomes eminent. The exercise we present here gives guidelines for reaching a higher growth level or to uphold an ascending growth trend of GNP. It could also act as an analytical framework for designing the context in which IC of nations can be adequately foreseen in a mid-long term perspective.
Monitoring intellectual capital: a case study of a large company during the recent economic crisis Le pilotage du capital immatériel: le cas d'une grande entreprise durant la crise économique récente et soutenue publiquement le 12 décembre 2011
In the knowledge economy, the value of corporations, organizations and individuals is directly related to their knowledge and intellectual capital. This does not only apply to organizations in the private or public sector but also to entire nations. If intangibles and intellectual capital are important to organizations, they are also important to the productivity and competitiveness of nations as a whole. The question we try to answer is how can we better understand the dynamics of intangibles on a national scale?
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