Framework for Managing and Measuring Intellectual Capital

Human capital is an important variable of intellectual capital management agenda, which is responsible for the part of the knowledge management initiatives of institutions in higher education. The skills and expertise of university staff as part of its human capital are highly valued for the proper growth of a university. The populations of most third world countries are above average than rest of the world, which create opportunities to convert this number into intellectual capital through proper guidance, which a university can provide. Combining resource, effort, technology only a university can convert knowledge into assets thus can help overall economy. Since the mid-1990 Bangladesh started to experience the economic transformation towards the knowledge-based economy, driven by knowledge, Intellectual capital and Information technology. The pace of this transformation accelerated since the Y2K issue, when many universities made significant investments into intellectual property, the information and communications technology. No enterprise, large or small, are safe or can be protected from the onslaught of this change. Throughout the paper various aspects of intellectual capital is discussed through which a framework for managing and measuring Intellectual Capital could be established.

Keywords:

knowledge , knowledge management , intellectual capital , human capital , higher education