ERIC Number: EJ1137070
Record Type: Journal
Publication Date: 2016
Abstractor: As Provided
Reference Count: 62
Benchmarking in the National Intellectual Capital Measurement: Is It the Best Available Approach?
Januškaite, Virginija; Užiene, Lina
International Journal of Learning and Change, v8 n3-4 p211-230 2016
Sustainable economic development is an aspiration of every nation in today's knowledge economy. Scientists for a few decades claim that intellectual capital management is the answer how to reach this goal. Currently, benchmarking methodology is the most common approach in the national intellectual capital measurement intended to provide information for management purposes. The aim of this paper is to identify advantages and disadvantages of this methodological approach and provide the answer to the question whether it is the most appropriate one. The most popular methods based on the benchmarking methodology (NICI, ICM, ICI, NIC40, ELSS) are analysed and compared within the paper. Advantages and disadvantages of benchmarking are thoroughly investigated with regard to measurement objectives, validity and applicability of the results as well as other contextual characteristics. Findings of the paper reveal that application of NIC benchmarking needs clearly defined particular purpose and must be handled with a great caution.
Descriptors: Benchmarking, Human Capital, Sustainable Development, Economic Development, Knowledge Economy, Knowledge Management, International Organizations, Policy Formation, Measurement, Well Being, Measurement Techniques, Comparative Analysis
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Publication Type: Journal Articles; Reports - Research
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