Understanding corporate value: managing and reporting ...

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Understanding corporate value : managing and reporting intellectual capital31Introduction42Definitions of intellectual of intellectual is intellectual capital so difficult to measure?3IC measurement 8Generic assets map approachIndividual company Skandia s cockpit s intangible assets s holistic company Gruppen CompanyIQ measurement systemIC value -added value creation or value -based s intangible assets to earnings the Baruch Lev resource intellectual capital coefficient4Knowledge process management and the accounting profession5Reporting intellectual and financial capital reports6Conclusion26Writers: Danka Starovic, project manager, technical issues, CIMA, and Bernard Marr, research fellow in the Centre for Business Performance at Cranfield School of ManagementProduction editor: Sarah Vaux Designer: Adrian TaylorPublisher: Chartered Institute of Management Accountants Inquiries: (tel: 020 8849 2275)Intellectual capital ContentsKnowledge being the new engine ofcorporate development has become oneof the great clich s of recent years, butthere is no doubt that successfulcompanies tend to be those thatcontinually innovate, relying on newtechnologies and the skills andknowledge of their employees ratherthan assets such as plants or machinery.

3 1 Introduction 4 2 Definitions of intellectual capital 6 2.1 Classifications of intellectual capital 2.2 Why is intellectual capital so difficult to measure?

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