Intellectual property and intellectual capital: A new classification model

The purpose of this study is to determine the value of intellectual property (IP) in modeling intellectual capital of knowledge-based organizations. Firstly, a comparison between IP and physical commodities has been made to illustrate the importance of IP and its role in the new economy. Secondly, we propose a model of intellectual capital that, along with its sub-factors and measurement indicators includes the following three key factors: Stock of Knowledge, Flow of Knowledge, and Enablers of Knowledge. This model is a useful tool for managers to identify areas in more need of resources regarding intellectual property.

Keywords:

Intellectual Property , Intellectual Capital , Knowledge-Based Organization , Classification