Profiting From Intellectual Capital

"What kind of knowledge is it that firms want to capture for themselves?"

"Let's use an individual patent to develop or illustrate the issue of value."

"Intellectual Capital = Human Capital + Organizational Capital + Customer Capital."

"No strategy is complete unless it is done in the context of a competitive environment."

"What is the key technical know-how in a given business segment?"

"Firms do not adequately acknowledge the business they are really in."

"Increasingly, firms are realizing that there are offensive ways in which to use their intellectual capital."

"Firms wishing to ensure an adequate flow of innovations into its patent decision process create information processes that highlight innovations under development."

"What is the company's strategy and what is the potential role Intellectual Capital could play in that strategy?"

"Skandia believes that its management focus should be on the components of the firm's hidden capabilities for future earning potential, that is, the intellectual capital."

"It is the tool for participating in the global digital economy and multiplying the knowledge investments of the firm."

"Like tangible assets in the physical world, knowledge, too, can be classified by type, cost, and value."

"While specific knowledge is the key human asset base differentiator, the level of general knowledge the individual or group has attained strongly affects the cost of obtaining new knowledge, either general or specific."

"Specific knowledge is important, because while it may or may not be costly to generate, it is very costly to communicate or transfer to others."

"A few important considerations for product development follow."