A Theory of Intellectual Capital

The Problem and the Solution. The theory of intellectual capital has emerged in the past decade in response to the growing realization of the importance of information and knowledge Because ntellectual capital was first conceptualized during the same time period that the ideas of knowledge management and human capital became an important part of organizational discussion, now more than ever, it is essential to clarify, define, and differentiate the concept of intellectual capital This chapter summarizes current theories and offers an alternative theoretical approach to intellectual capital, emphasizing the dynamic impact it can have on an organization