In the last decade, IC has received significant attention and is considered as a critical operator in developing organizations through proposing models for measuring intangibles. Intellectual capital is supported by many international bodies such as the OECD, UNDP and the World Bank. International bodies’ supporters have organized many conferences, workshops and initiatives in order to develop frameworks, models and indicators for measuring intellectual capital (Malhotra, 2003; Sánchez, et al., 2006; 2007; 2009; Lin and Edvinsson, 2011).
Without any doubt, intellectual capital or knowledge is now a crucial factor in creating an educated and sophisticated population, and it is definitely a major contribution to the economic growth and development of any given country. Both the public and private sectors need to control, manage and develop their IC continually. Furthermore, continuous control and development of IC requires measuring and analyzing the performance of IC through its components of knowledge, expertise and human resources. This explains why the intellectual capital is significant to both the communities and organizations (OECD, 1997).
In order to measure and analyze the Intellectual Capital (IC) of HEIs accurately and efficiently, a model with several measures and indices for measuring the Intellectual Capital of HEIs, need to be developed, which will improve the performance of organizations, control the input and develop better understanding of the nature of IC .
What an interesting question!
The work of Clayton M. Christensen may be helpful to you, inasmuch as his insights about disruptive innovation is founded on the application of IC to create competitive advantage.
In contemplating your query, it seems to me that IC is really an instrumental resource to achieve a purposive outcome. Typically, that outcome is profit -- but it need not be. It seems to me that IC must be assessed in terms of the objective or purpose for which it is contributing added value.
Moses Pava has written about "Covenantal Leadership" as a leadership approach that is focused on creating new meaning or new truths that are both normative and instrumental. His work may also interest you and apply to your study of IC.
As a side comment, it is incredibly ironic that we now live in a knowledge-, information-, and wisdom-based economy and the USA now ranks 17th in the world in the quality of its educational system. Clearly, the political system in the USA seems to failing its obligation to the American people -- and to the world. . . but Robert Reich of UC - Berkeley made that point nearly thirty-five years ago in his book, The Next American Frontier.
Cam Caldwell
I have worked for the European Commission on this subject. Here is the link to the paper making a synthesis on the presentations of the OECD SYMPOSIUM, AMSTERDAM. JUNE 9-11, 1999 .
https://www.academia.edu/attachments/31776386/download_file?st=MTUxNzkzMTMyOCw5MC4xMTMuMTM1Ljc4&s=profile&ct=MTUxNzkzMTMyOSwxNTE3OTMxMzkz
I have attached a paper on intellectual capital written by my colleague Dr. Hardeep chahal. She has measured IC in Banking sector. Hope it is useful. You can mail her ([email protected])for further interaction.
Rgards
Dear Dr. Jyoti
Thank you very much for sending the paper entitled " Measurement of Intellectual Capital in the Indian Banking Sector" of the authors Hardeep Chahal and Purnima Bakshi (2016) .
In fact, the above paper aims to develop, establish, and empirically validate the intellectual capital scale in the banking sector, in the context of emerging economies like India; but not studying or computing the overall performance index (OPI) of the Intellectual Capital of the Indian banking sector.
Regards.
Useful links
http://www.cimaglobal.com/Documents/ImportedDocuments/intellectualcapital.pdf
http://www.stahle.fi/Bounfour_paper.pdf
Dear Nawaz
Thank you very much for sending the report titled "Understanding corporate value: managing and reporting intellectual capital" which is an attempt to raise awareness of the need for companies of all sizes to manage and communicate the value of their business beyond that captured by numbers alone. Also included is a summary of some of the current approaches and models used for valuation and measurement . The concept and the measure of the overall performance index (OPI) is not studied.
Regards.
Dear All
Thank you vey much
The overall performance index (OPI) of the Intellectual Capital of an institution is defined and computed in the paper,
Information Management Model for Intellectual Capital of HEIs in Oman: Theoretical Quantitative Approach and Practical Results. J. of Information and Knowledge Management, 2018, Vol. 17, No. 1, pp.1-38. (World Scientific).
https://www.worldscientific.com/doi/abs/10.1142/S0219649218500053?src=recsys
Regards,
Zuhair
It is possible to know the overall performance index of the role of intellectual capital for institutions by comparing the performance of the institution that offers pioneering innovations that contribute to increasing its sales and profits among the year in which it offers an innovative product that achieves high sales as well as market share and others .. But the most important question that I share with you remains In it, how to measure intellectual capital and evaluate from year to year in accounting.
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