Elements and Measurement Models of Intellectual Capital

Recognizing and measuring of intellectual capital (IC) is on the agenda of most 21st century organizations. The purpose of this paper is to describe intellectual capital and IC elements and also to present a review of some of the most commonly known intellectual capital models. This paper, is structured into two sections. The first section proposes definition of intellectual capital and IC elements. The second section focuses on importance of measuring intellectual capital and commonly known IC measurement models. For this, a wide review of literature was made. In almost every created intellectual capital measurement model, elements of IC are defined in three dimensions; i.e. human capital, customer capital and structural capital.