A Theoretical Model for the Report of Intellectual Capital

Abstract

Abstract: Intellectual capital has become a key element of the knowledge economy. Their management is a factor that influences the competitive advantage of companies. The main objective of this paper is to present a methodology (ICM ‑ Intellectual Capital Model) that allows the audit of intellectual capital management in small and medium enterprises (SMEs). From the conducted research, it can be concluded that the model is technically robust and determines that the management of intellectual capital is likely to be audited and certified in order to control the quality and dynamism of the knowledge generated and allowing the partner organizations (customers, suppliers and enders) to estimate the innovation capacity and verify the conformity of their management parameters, compared with a reference standard. Indeed, the results of surveys also show that the proposed model forms the basis of a credible accreditation system for intellectual capital management in the majority of Portuguese SMEs. This paper also contributes to enhance the discussion around the value of organizations intangible assets and therefore to change the current concepts of economic development.