Primary navigation:

QFINANCE Quick Links
QFINANCE Reference

Home > Human and Intellectual Capital Best Practice

Human and Intellectual Capital Best Practice

Best Practice

Internationally renowned finance leaders, experts and educators distil and summarize the most important aspects of finance best practice. Each Best Practice essay has an Executive Summary for quick reference, outlining the main points. The Making It Happen feature illustrates practical applications, and where relevant authors have provided illustrative case studies and definitions.

  • Intellectual Capital
    by Thomas A. Stewart
    Intellectual capital is just that: a capital asset consisting of intellectual material. To be considered intellectual capital, knowledge must be an asset able to be used to create wealth. Thus, intellectual capital includes the talents and skills of individuals and groups; technological and social networks and the software and culture that connect them; and intellectual property such as patents, copyrights, methods, procedures, archives, etc. It...
  • Managing Intellectual Capital
    by Leif Edvinsson
    Intellectual capital (IC) is an offspring of the knowledge era. It is still in its formative phase, having first been formally recognized in 1991 when the large Swedish corporation, Skandia, started implementing a comprehensive set of innovative knowledge practices to account for its intangible assets. This pioneering initiative, championed by Jan Carendi and Bjorn Wolrath, resulted in Leif Edvinsson being appointed as the world’s first Director...
  • Protecting Your Intellectual Property—Nonregistered Rights
    by Jeremy Phillips
    While patents, trademarks, and some other intellectual property rights require registration following a process of application and examination or deposit, other rights (such as copyright or some design rights) automatically come into being either when a work is created or as a consequence of a relationship. Examples of the latter are the rights in confidential information that arise from the relationship of a person who communicates information...
  • Protecting Your Intellectual Property—Registered Rights
    by Jeremy Phillips
    Although some intellectual property rights come into existence on the creation of their subject matter, most intellectual property rights are not recognized by law until a process of registration is completed. Patents for inventions, trademarks, and some types of design are generally subject to registration systems.Patents protect inventions that are new, nonobvious, and industrially applicable. Trademarks protect words, names, logos, product...
  • Return on Talent
    by Subir Chowdhury
    The performance of an organization is entirely determined by the performance of its employees. This bold statement deserves further study. If the determinant of corporate performance is not its employees, what is? Is it strategic intent? Core competencies? Manufacturing? Is it proprietary technologies? The best equipment and laboratories? A visionary CEO? Yes, it’s all of these things. And all of these things are created and constantly improved...
  • The Human Value of the Enterprise
    by Andrew Mayo
    Our people are our most important asset. This frequent statement from chief executives is often received with justifiable cynicism. The problem is that people within an organization do not always experience decisions and policies in their everyday work life that support such a belief. The accountant who once described people to me (admittedly with a smile) as “costs walking about on legs” is often closer to the reality of organizational...

Back to top

  • Bookmark and Share