The concept of intangible assets can be recognized in all human activities from the origins of civilization. In the onset of the new millennium, intangible assets are becoming more and more important as productivity contributors in economies all over the world. Indeed, as the economy of knowledge evolves, the utilization of intangible assets is increasing within both profit and non-profit organizations. However, over the years it is observed that there is a difference in their utilization as a percentage of the total firms’ capitalization. This paper, through a literature review, initially provides a definition and a classification of intangible assets as structural elements of the Knowledge Capital. The intellectual capital is thus classified as Human Capital (HC), Structural Capital (SC) and Relational Capital (RC). The utilization of the three types of intangible assets, and their management in production processes is examined within the framework of the four Worlds of Production, i.e. Industrial World, Market World, Interpersonal World and the World of Intellectual Resources.
|Keywords:||Intangible Assets, Human Capital, Structural Capital, Relational Capital, Knowledge Capital, Worlds of Production|
Lecturer, Department of Archive and Library Science, Ionian University, CORFU, CORFU, Greece
Research Student, Department of Archive and Library Science, Ionian University, CORFU, CORFU, Greece
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