ABSTRACT
This chapter addresses the criticism by developing an integrated intellectual capital (IC) management framework to understand how public and private organizations handle their IC management. The framework incorporates management control (MC) and performance management research and aims to increase understanding of how work environment management was performed in about 250 Swedish organizations. To further check the usefulness of the framework, it was applied to understand IC management in a successful medium-sized Swedish IT consultant group. After several years of discussion within the OECD and EU during the 1990s, an extensive European R&D project addressing IC management and reporting was undertaken. The project, which was labelled Meritum, was divided into four sub-projects: classification of concepts; capital market aspects; MC issues; and the development of a guideline. Since the turn of the century, a number of Ministry of Economy, Trade and Industry (METI) guidelines have been launched. One of these is the Intellectual Asset based Management (IAbM).
