Intellectual capital in the world of information economies

Angela Adrian, Bournemouth University

Abstract

Intellectual capital is best described as information and knowledge within a company. Information is static; whereas, knowledge is dynamic. Knowledge is a companies’ most important raw material. It is the most important source of added value as well as the most important output. If knowledge is not being managed properly, neither is the business. Intellectual capital is not just a matter for law, but should enhance corporate net worth. It should be the focus of strategic thinking and competitive advantage.