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Article: Develop your intellectual capital.
- Article from:
- Design News
- Article date:
- July 20, 1998
- Author:
CopyrightCOPYRIGHT 1998 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The concept of intellectual capital is rapidly becoming an important asset for most companies, although it often goes unrecognized. Unfortunately, the phrase "intellectual capital" has a vagueness about it that makes it difficult to define or quantify, let alone manage.
Recently, I came across the following simple, yet useful definition: intellectual capital equals the product of competence and commitment.
A necessary balance. Neither element is sufficient in or of itself. Competence without commitment is often directed away from an organization's goals. Commitment without competence will frequently produce sub-optimized products. However, when ...