THE INTELLECTUAL CAPITAL MANAGEMENT MOVEMENT: A NEW WAY TO THINK ABOUT THINKING

• Authors: Titova N.
• Languages of publication: EN

Abstracts

EN

Financial performance measures derived from information in financial statements or other financial sources have been used by companies and organisations for many years. Such performance measures are based on historical and transaction-based information that does not take into account internally generated intangibles. There is the growing view that financial performance measures alone fail to provide adequate grounds for strategic decision-making. They need to be supplemented by non-financial measures. The focal point of calculation is intellectual capital as the key hidden source of wealth creation. Significant effort has gone into the search for methodologies and models to improve the management of intellectual capital, albeit with mixed success. The main reason for this is the nature of these assets and the fact that each business has its own particular knowledge mix, specific objectives, and market environment. This paper addresses the evolution and relevance of existing intellectual capital theories as pre-eminent guides to managing intangible assets.

Keywords

EN

INTANGIBLE ASSETS; INTELLECTUAL CAPITAL'S MANAGEMENT; NON-FINANCIAL PERFORMANCE MEASURES

Discipline

• ECONOMICS: ECONOMICS

• Publisher: EPC Ltd (Economic Prognosis Centre), Riga, Latvia (till March 2009 - Institute of Economics, Latvian Academy of Sciences, Ltd)
• Journal: Humanities and Social Sciences: Latvia
• Year: 2007
• Issue: 2(51)
• Pages: 18-36
• Document type: ARTICLE

Contributors

author

Titova N.

• N. Titova, University of Latvia, Faculty of Economics and Management, 5 Aspazijas bulvaris, Riga, LV 1050, Latvia

Identifiers

CEJSH db identifier

08LVAAAA03797611