Hurconomics for Talent Management: The Creation of a Business-driven HRD Missionary

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Intellectual Capital and HRD

What Is Intellectual Capital?

In this chapter,¹ we will define intellectual capital, understand its meaning and how to measure it, identify its components and focus on human capital as an important part of intellectual capital. We will also explore HRD’s role, the tools for building human capital, and ways to enhance intellectual capital and shareholder value. We will draw upon some examples from Indian industry to argue that intellectual capital formation is higher and faster with appropriate HR interventions.

The market value of an organization is the total value of its net tangible assets and the value of its intangible assets. The tangible assets include the book value of all assets, shares, land and buildings, ...