Who Is Measuring Intellectual Capital?
Work has started on revising and updating the report Measuring The Value of Knowledge (first published in 1999). Wile there have been several interesting developments since then (such as the VAIC measures featured in I3 UPDATE No. 33 – http://www.skyrme.com/updates/u33.htm# VAIC) and more annual IC reports from Celemi), it remains a conundrum that few organizations, especially North American ones) have followed the lead of Skandia and others in taking a systematic approach to measuring IC. The issues around IC measurement have been admirably addressed by one of the gurus of the field – Karl Erik Sveiby in his recent contribution to the AOK Star Series discussion (if you are not already an AOK member, you will not have seen this – I do suggest you visit http://www.kwork.org to see what you are missing!). On the topic of “why measure?” his statements are clear – to maximize “Value Creation”, which consists largely of intangibles. He notes that “most companies wildly underestimate the val
