IC 21: reflections from 21 years of IC practice and theory

Author(s):

Leif Edvinsson (School of Economics, Lund University, Lund, Sweden, Department of Industrial and Systems Engineering, The Hong Kong Polytechnic University, Hong Kong SAR, and New Club of Paris, Paris, France)

Abstract:

Purpose

– The purpose of this paper is to reflect on 21 years of IC theory and practice as input into discussing the origins of IC, its multiple perspectives and where it is heading.

Design/methodology/approach

– This article is based on the author's reflections of the past and vision for the future.

Findings

– IC is still for many an invisible fuzzy dimension, or mainly a measuring and accounting issue. For others, it is thought of as a more and more strategic ecosystem for sustainable value creation. Is there a kind of learned blindness in financial capital accounting or ignorance of new value opportunity spaces? We need to go beyond IC reporting. We are on the edge of something, but what?

Originality/value

– The paper presents the personal views of an internationally renowned IC academic and practitioner about what the future may hold for IC.

Keywords:

IC as third dimension, IC metrics, Intellectual capital statement, National IC, IC 21, Societal innovation, Innovation, Intellectual capital

Type:

Viewpoint

Publisher:

Emerald Group Publishing Limited

Copyright:

© Emerald Group Publishing Limited 2013
Published by Emerald Group Publishing Limited

Citation:

Leif Edvinsson, (2013) "IC 21: reflections from 21 years of IC practice and theory", Journal of Intellectual Capital, Vol. 14 Issue: 1, pp.163-172, https://doi.org/10.1108/14691931311289075

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