Intellectual Capital Management and Reporting

The economy has changed to a knowledge-based economy over the last decades. However, it can be observed that management and reporting techniques are reacting only slowly on the rising importance of knowledge and intellectual capital in organisations. Those knowledge-based values represent intangible and immaterial goods that are mostly not considered in traditional financial balance sheets. Hence, one of many organisations’ most valuable resources is hardly traceable and can thus not be managed effectively and efficiently due to the lack of comparable, expressive, and comprehensive frameworks and concepts for intellectual capital management and reporting. This book analyses the shift of values and eventually also production factors in today’s economy and reflects current trends and concepts of how organisations can react to this change. Furthermore, it presents the IT-based management and reporting framework “ICRB” as well as its corresponding implementation that enables organisations to manage and report both their knowledge and intellectual capital in a comparable, expressive, and comprehensive way.