Keywords: intellectual capital, human capital, structural capital, relational capital, project, project management, project performance
The importance of intellectual capital in modern knowledge-based businesses and organisations cannot be overstated. Intellectual capital is not only the basis for many organisations’ competitive advantage, but also the foundation from which many service organisations and institutions operate.
Intellectual capital consists of the intangible assets that an organisation has that are usually not listed on the organisation’s balance sheet, but has a significant impact on its performance. In essence, intellectual capital comprises the:
- operational habits
- customer relationships
- professional skills
that exist within an organisation.
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