Intellectual Capital Management: A Possible Approach

In recent years, the idea of managing intellectual capital in organization has gained popularity among both in academia and in business environment. The idea that current annual financial statements do not allow efficient management it appears to be widely accepted nowadays, since they do not capture a wide range of intangibles that are seen as the fundamental determinants of firms’ success. Therefore it is necessary that the intellectual capital to be used more effectively for the company to achieve sustainable competitive advantage. Despite the growing importance of intellectual capital management, the lack of ability of information systems to identify, measure and control intangible assets in order to increase the efficiency of their management and to improve their financial performance, can result in the loss of company because the managers do not but identified or exploited intangible assets. To the help of managers come proposed models for managing intellectual capital developed, mainly by scientists from the Nordic countries. The purpose of this paper is to develop a new model of intellectual capital management focuses on renewing and maximising the enterprise-wide value of intellectual assets.