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- World Congress of Intellectual Capital McMaster University 2002
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- A tool to classify any practice an organization has related to any type
of Intellectual Capital to place it in a structured model
- Use it to know
- Why do you have a practice
- Where it fits
- Where are the gaps in your ICM plan or strategy
- How to breach these gaps
- ICC is based on CICMä -
Comprehensive Intellectual Capital Management model
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- Value creation depends on
transfer of HC to CC, CC to SC, HC to SC & vice versa
- Both intellectual assets & property created
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- Defines ICM:
- “ICM is an evolutionary stage of business management where IC is
managed throughout the business cycle for creation, extraction &
maximization of value”
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- Classifies IC based on function in enterprise where:
- Knowledge as the resource,
- Innovation as the process,
- Intellectual property as the product
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- Manages each type of IC under different set of objectives, strategies,
& procedures :
- Knowledge resources &intellectual capabilities whether human or
organizational managed under KM
- Processes and practices that drive innovation managed under IM and
- Strategic intellectual property managed under IPM
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- Strategic Goals
- KM: manages tacit & explicit Knowledge resources to create value,
create a learning organization, & enable effective decision making
through knowledge sharing
- IM: manages process capital to extract value through idea generation,
competitive intelligence and product mapping.
- IPM: manages patents, trademarks, copyrights, & trade secrets as
strategic tools to gain a competitive advantage or generate more
revenue.
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- No organization or business can or SHOULD develop all components of ICM
- Why
- Limited human & financial resources
- Non-alignment with business strategy
- Required culture not in place
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- Administrative: practices for filing applications (legal), accounting
& document or workflow management
- Protective: procedures for protection of a business’ investment in
intellectual capital, freedom to operate & right in employee ideas.
- Proactive: practices for use of knowledge, innovation &
intellectual property of a business to enable competitive positioning.
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- First Rule: Ensure that you manage IC on administrative level through 3
components of ICM
- Second Rule: Implement KM as much as culture allows
- Third Rule: Develop IM & IPM depending on:
- Type IC that drives value in your business or industry
- Business strategy
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