Title LEGEND - Leverage knowledge for sustainable innovation and growth
Project Number 2013-1-SK1-LEO05-06361
Product The Intellectual Capital Method: Overview and Introduction
Title The Intellectual Capital Method: Overview and Introduction
Product Type others
Marketing Text The report contributes to the transfer of the Intellectual Capital Method into Slovakia. Since part of the ICS method has been available since 2004, a strong base of empirical data has been gathered over the years on how SMEs successfully implement IC in order to stay competitive in the market. Adding the ECI (Earnings Capability Index) is new in this context and includes also the financial data. Convincing the financial society of the benefits has been a challenge since the beginnings of the ICS movement. This is now slowly being changed. As a result, Slovakia can improve its role in the international market and experience a leap growth in innovation. Policy makers can influence this in a sustainable way. Therefore, also a lot of effort is put in the reports on understanding the German story of maintaining a position as an industrial leader and the role of "Mittelstand" in this process.
A complete overview of initiatives made in the area of intellectual capital/ intangible asset management has been connected with the work of Professor Leif Edvinsson in Sweden (Skandia) and Professor Günter Koch in Austria (Seibersdorf) since the onset of the movement.
The first implementation in a broader sense was the "Wissensbilanz" - Made in Germany and the Intellectual Capital – Made in Europe. The empirical base uses processes based on soft facts in an organisation in order to improve its overall performance. Also in the Knowledge Cities project this method was used to analyse regional development policies.
A decision was made on a project level to include the financials into the report in a new way. Previously, only German SMEs had been using this on a smaller scale. The project LEGEND tested this approach on new cases with the intention to find out whether and how the process can be more focused and provide a clear added value to SMEs.
A strong emphasis was put analysing success factors of the German “Mittelstand”. Slovak decision-makers were probed to consider this as a way to improve economic performance that would be based on local SMEs.
2) Trainers (“future trainers”)
3) SME partner organizations from academic institutions: Higher Education Institutions (HEI) and Research & Development (R&D) Institutions
4) Partner institutions
5) Other stakeholders in the Regional Innovation System (e.g. policy-makers) and potentially, representatives of VET system institutions.
Area of application SMEs, HEIs
Product Languages English