Tuesday, May 19, 2020

Intellectual Capital Comparison Paper - 1077 Words

Intellectual Capital Comparison Paper Intellectual capital is the combined knowledge of employees within an organization (Intellectual, 2013). This knowledge is to add value to the organization in ways such as increase profits, provide products or services to customers, gain competitive advantage, improve processes, or other types of capital. This paper will show five different types of intellectual capital that adds value to an organization. It will provide examples of each intellectual capital, whether that capital is identifiable or unidentifiable as an asset, and how each provides value to the organization. The first intellectual capital to discuss is customer capital. Customer capital is the relationship the organization builds and†¦show more content†¦The value of human capital may be hard to measure, yet possessing the right people working together can help an organization meet its vision and goals. The third intellectual capital to discuss is structural capital. Structural capital supports human capital in an organization through such things as information systems, policies, processes, patents, and other structural capital (Structural, 2013). For example, many organizations have patents on products to protect its capital from other organizations from using its product designs or technology to make a profit of its own. For example, according to a New York Times article by Jad Mouawad (2012) that Marvell Technology Group was found â€Å"guilty for infringing on a pair of patents from Carnegie Mellon University that increases the accuracy of hard drive circuits to read data on high-speed magnetic disks† paying $1.17 billion dollars for the crime. Some structural capital can be identifiable, such as systems and patents because these types of structural capital are sold to others, therefore earning revenue and tractable in financials. Structural capital holds value to organ izations ability to produce and improve products and services for its customers, and therefore increasing its revenue. TheShow MoreRelatedEssay about London: A Cultural City1248 Words   |  5 Pages4. London a Cultural City London had become a wonder, but was it a marvel or a monster? The Intellectuals of the Enlightenment saw that the future lay with cities: despite ancient anti-urban prejudice, the city now seemed to promise development, profit, pleasure, peace and the decrease in ignorance; city man was a civilized man. Voltaire reckoned London the cradle of social liberties and mobility by contrast to the rigid hierarchies of the fields. Yet, cities had enemies as well as friends; manyRead MoreOperational Plan1670 Words   |  7 Pagesfrequent review and adjustment is essential in order to be in control of operational plan financial activities. 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