ABSTRACT
The restructuring of global markets toward a knowledge-centered economy has ignited a pervasive urge for better understanding of the dynamics of the knowledge assets in competing organizations. Knowledge assessment empowers organizations to identify the pockets of knowledge that create value to the business, and thus facilitates effective human capital planning according to an accurate assessment of the stock of knowledge assets within the organization. A hallmark of the new business success is the ability of organizations to identify the economic value of knowledge assets. Organizations tend to assess knowledge for either internal monitoring purposes and/or external presentation. This type uses financial models to estimate an overall value for a company's intellectual capital (IC) using information obtained from financial statements. IC Scorecard Models, splits a company's value into financial and intellectual capital, then breaks down the latter into different elements in the form of a scorecard, which are then evaluated individually.
