Discuss the three main types of intellectual capital
What will be an ideal response?
The three main types of intellectual capital are human capital, social capital, and structural capital. Human capital includes the competencies and knowledge possessed by an organization's employees. Social capital describes the number and quality of all the relationships an organization's employees maintain, not just with one another but with clients, customers, suppliers, and prospective employees. Structural capital consists of the knowledge stored as documentation about business processes, procedures, policies, contracts, transactions, patents, research, trade secrets, and other aspects of an organization's operations, often stored electronically.
You might also like to view...
Total security risk is attributable to firm-specific events, such as strikes, lawsuits, regulatory actions, or the loss of a key account
Indicate whether the statement is true or false
An external sales forecast is based on ________
A) the relationships between a firm's sales and certain key economic indicators such as GDP and consumer confidence B) a buildup, or consensus of sales forecasts through a firm's own sales channels C) the prediction of a firm's sales over a given period through the analysis of the sales trends of its competitors D) developing the pro forma income statement to forecast sales and then express the various income statement items as percentage of projected sales