Over the last two decades, the term Intellectual Capital (IC) has become synonymous with the knowledge economy, whereby the intangible resources of organisations are linked to the development of value. In order to develop this new way of managing organisations, numerous frameworks have been developed to measure, manage and report IC. However, the take up of IC has been problematic, causing some pundits to question if it’s simply 'locked up' in theory.
This book seeks to 'unlock' IC so it can become relevant to organisations in the creation of value. It offers practical understanding of how the IC paradigm has progressed since its inception and takes a critical and performative examination of IC research and practices. Based on the authors’ extensive experience, it provides real practical examples of how IC has been implemented in practice.
This is the first book on IC that is written from a combined academic and practitioner perspective addressing what is defined as the third stage of IC research 'based on a critical and performative analysis of IC practices in action'. The book is therefore useful for both academics and practitioners - not only to understand how IC works, but to question how it can be applied effectively in different contexts.
Part I: Overview 1. The History of IC Part II: Research Perspectives 2. The Performative Approach to Developing IC Research Part III: Case Studies in "Unlocking" IC 3. Building Strategy using IC (Conservatorium of Music) 4. Understanding IC Measurement (Australian Bank) 5. Using Accounting to Unlock IC (Italian Utilities Company) 6. Using Narrative to Unlock IC (NSW Lands) 7. Using IC to Build a New Business (Dad n Dave’s Brewing) 8. Counting or Accounting for IC (Italian Industrial Company) 9. Provocative IC Accounting: Unlocking IC through "Local" Measures (Italian Large Industrial Company) Part IV: The Future of IC: Implications for Research and Practice 10. The Future of IC in Education 11. The Future of IC in Research 12. The Future of IC in Practice
This series explores the roles of Accounting and Accounting theory in the modern world. The series examines research in accounting thought, practice, auditing, principles and ethics as well as international standards and regulation setting. Examining private, public and non-profit sectors, Routledge Studies in Accounting, seeks to advance the scholarly debate by providing cutting edge and insightful research