
Making Sense of Intellectual Capital
Designing a Method for the Valuation of Intangibles
Daniel Andriessen(Author)
Butterworth-Heinemann (Publisher)
1st Edition
Published on 17. December 2003
Book
Paperback/Softback
456 pages
978-0-7506-7774-5 (ISBN)
Description
Peter Drucker has introduced us all to the knowledge era, where knowledge is the primary resource and intangibles (intellectual capital resources and assets) are now largely recognized as the most important sources of organizations' competitive advantage. With the recognition of the importance of Intangibles comes the problem of how to properly identify them and assign them a value within the corporation. This is an area of concern in 5 fields: 1) accounting and financial reporting, 2) performance measurement and management, 3) valuation in the finance field, 4) the Human Resources field in terms of management, strategy, and planning, and 5) Intellectual Capital. Over the past eight years, over 25 methods have been proposed for the valuation of intangibles coming out of these 5 fields.
In this book, Andriessen evaluates 25 existing methods of intangible valuation according to highly developed criteria. In performing his evaluations, Andriessen synthesizes the state of the art research from these fields based on extensive research. He then presents his own method for valuing intangibles, which he began developing and testing as a Senior Manager at KPMG Knowledge Advisory Services in The Netherlands. He relates six case studies in which this method was tested in actual companies, carefully reviews the results of his tests, and then concludes by offering a new and improved method for valuing intangibles in his Weightless Wealth Toolkit, a complete step-by-step process for identifying, valuing, and managing Intangibles to help managers operate successfully in the Intangible Economy.
In this book, Andriessen evaluates 25 existing methods of intangible valuation according to highly developed criteria. In performing his evaluations, Andriessen synthesizes the state of the art research from these fields based on extensive research. He then presents his own method for valuing intangibles, which he began developing and testing as a Senior Manager at KPMG Knowledge Advisory Services in The Netherlands. He relates six case studies in which this method was tested in actual companies, carefully reviews the results of his tests, and then concludes by offering a new and improved method for valuing intangibles in his Weightless Wealth Toolkit, a complete step-by-step process for identifying, valuing, and managing Intangibles to help managers operate successfully in the Intangible Economy.
Reviews / Votes
"A most insightful knowledge navigation book on valuing intangibles. It is a very good state of the art overview 25 methods and also trying out its own refined model with illustrative cases. A recommended reading both for the practicioner as well as the researcher." - Leif Edvinsson, The world's first professor on Intellectual Capital and the worlds's first director of IC. Honorary Chairman Henley college KM Forum "Weaving a fascinating blend of sharp analysis and story telling Andriessen describes the journey of a passionate group of experts pursuing one of the most challenging and elusive riddles in modern business - how do intangible resources create value for the firm? This insightful and sweeping exploration of both the underlying questions and their numerous proposed solutions from other contributors in the field offers a wonderfully lucid overview of a complex subject. Andriessen's passion for methodologies that are coherent, rigorous and relevant is contagious. The Weightless Wealth Toolkit draws from the best available intangible valuation tools and methods but takes them to the next level, offering a powerful and original contribution. Whether you are new to the questions around intangibles or already well versed in the field, you will find this an indispensable reference and guide." --Verna Allee, author The Knowledge Evolution and The Future Of Knowledge: Increasing Prosperity through Value Networks. "In "Making Sense of Intellectual Capital", Dr Andriessen has produced one of the most synthesising books on this important but challenging topic. This book provides a very valuable overview and evaluation of the managerial tools available to managers when it comes to better managing their intangible assets. I highly recommend this book to any manger of a firm that is charged with extracting value from its intangibles." -- Goran Roos "I strongly believe, that Making sense of Intellectual Capital will be the compass for the intellectual academic community and the comprehensive guide for the practitioners that consider intangibles as the main resources to manage in the context of the knowledge economy. Andriessen is a perfect blend of an academic and a practitioner. As an academic he scientifically evaluates the 25 existing methods for managing and measuring intangibles. As a practitioner he also offers in his book his own method for valuing intangibles together with some useful practical applications. Excellent. The book really makes sense in the emerging field of intellectual capital, where converge many different contributions of innequal quality and relevance. Andriessen has done a great job that will please both academics and practitioners. This is an inspiring book, mainly of academic nature but with very practical and powerful messages to improve the value of businesses. Andriessen really challenges the Intellectual Capital conventional wisdom with new approaches and contributions." -- Jose Maria Viedma "In theory, practice and theory are the same; but in practice, they ain't". Daniel Andriessen deftly walks that fine line between theory and practice. His book is academic enough to provide a fundamental contribution to the science and understanding of the valuation of intangibles. Yet it remains practical enough, with its candor and honesty, to allow for effective implementation of his methods and ideas, manifested in his Weightless Wealth Tool kit. It demonstrates that measurement is not enough, that valuation is paramount in leveraging intangibles for strategic benefit. MAKING SENSE OF INTELLECTUAL CAPITAL is important reading for anyone who considers their intellectual capital to be strategic to their business." -- Howard Deane, Chief Knowledge Officer, KMPG LLP, CanadaMore details
Language
English
Place of publication
Oxford
United Kingdom
Publishing group
Taylor & Francis Ltd
Target group
Professional and scholarly
Professional Practice & Development
Dimensions
Height: 229 mm
Width: 152 mm
Weight
840 gr
ISBN-13
978-0-7506-7774-5 (9780750677745)
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Schweitzer Classification
Other editions
Additional editions

Daniel Andriessen
Making Sense of Intellectual Capital
Designing a Method for the Valuation of Intangibles
Book
05/2016
1st Edition
Routledge
€215.41
Shipment within 10-20 days

Daniel Andriessen
Making Sense of Intellectual Capital
E-Book
02/2004
1st Edition
Routledge
€72.49
Available for download

Daniel Andriessen
Making Sense of Intellectual Capital
E-Book
02/2004
1st Edition
Routledge
€72.49
Available for download
Person
Before joining INHOLLAND University he worked as a management consultant for KPMG for over 12 years. He was founder of KPMG's Knowledge Advisory Services group in 1997, together with Dr. Rene Tissen. Together they have grown this group from 2 to 30 people, servicing clients all over the world in the field of knowledge management and intellectual capital valuation. Daniel received his PhD degree at Nyenrode University in The Netherlands and holds a masters degree in political and administrative science at the Free University, Amsterdam.
Content
1. Objective: Valuation and Measurement in the Intangible Economy; 2. Methodology: The Science of Designing Practical Methods; 3. Legacy: Methods for the Valuation and Measurement of Intangibles; 4. Design: Draft of a New Method; 5. Test: Trying Out the New Method; 6. Lessons Learned: Strengths and Weaknesses of the New Method; Epilogue; Appendix A. Overview of 25 Valuation and Measurement Methods; Appendix B. Protocols, Checklists and Reports Used During Tests; Appendix C. Value Explorer (R) Toolkit; Glossary of Terms; References; Subject Index