Assessment on intellectual capital management for Taiwanese pharmaceutical industry: Using GRA and MPI

In the new economy era, knowledge has already become the most vital enabler connection with a high technology enterprise. Intellectual capital is the core of knowledge management. Managing intellectual capital effectively can greatly enhance the competitive advantages of enterprises. The former studies about intellectual capital concentrated on its content and the stock measurement. This study focused on how to utilize intellectual capital more efficiently, in order to strengthen the competitiveness of enterprises. This research established a novel assessment model to measure the performance of intellectual capital management in two aspects, by using grey relational analysis to measure operational performance and Malmquist productivity index to judge productivity evolution. The research target is the Taiwanese pharmaceutical industry. The research collected data from the Listed