Intellectual capital management and value maximization

For decades, patent specialists had the perception that they knew what the concepts of intellectual property were about. They were wrong: advanced economic thinkers use a much broader approach of which intellectual property is only a part. The new paradigm is centred around the term intellectual capital, essentially the sum of all intangible assets plus the human resources in a corporation. Intellectual capital can be measured and managed: a new and exciting approach to determine the value of knowledge companies and increase their profits. This raises new opportunities, and new threats, for the players in the game.

Keywords:

• Intellectual Capital
• Intellectual Assets
• Intellectual Property
• Value Extraction
• Value Maximization
• Profit
• Market Capitalization