Intellectual Capital Components, Measurement and Management

Intellectual Capital (IC) is neither a new phrase nor an old formally accepted term to measure the intangible assets of an organization. This concept has been used in different theories of organization and management. In the 1990s, the focus of attention dramatically changed from financial aspects and the techniques used for their measurement to the knowledge and intangible assets and the way businesses could manage them strategically in order to gain a competitive edge. By this way, IC has been recognized as one of the core components for managing and analyzing the strategic organizational intellectual capabilities, hence; to improve the quality of knowledge management (KM). The chapter aims to conceptually review and analyze the importance, definitions, components, and reporting mechanisms in the field of IC measurement and management.