What is MAGIC?
MAGIC (Measuring and Accounting Intellectual Capital) is a European research
and development project partly funded by the European Commission. The goal
of the project was to develop a methodology and measurement system for Intellectual
Capital.
These results of the project include: a practical methodology to measure intellectual
capital, and a software system to support the implementation of a measurement
system for intangible assets.
Some 40 European companies including Siemens AG and Volkswagen from Germany
and Sonera from Finland have participated in the project's Business Interest
Group to test and give feedback on the methodology and software technology.
Four categories of Intellectual Capital:
- Human Capital. Comprises all the skills, expertise and competencies
of the company to react on market demands and customer needs including leadership
and management issues and capabilities.
- Organizational Capital. Comprises the capabilities of a company,
its infrastructure and organizational processes to create products and services
for the market.
- Market Capital. Represents the capabilities of a company to interact
with the external interface like the customer, partners, and suppliers and
other stakeholders.
- Innovation Capital. Refers to a company's ability to innovate
, improve and develop unutilized potential as well as generate long-term
wealth.
Forum discussions about MAGIC.
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Intellectual Capital : MAGIC
Hello, I'm a student from the University in Brussels and I'm working on a paper on intellectual capital. I find the MAGIC project very interesting but I can't find any information on this project...
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Various sources of information regarding MAGIC. Here you will find powerpoints, videos, news, etc. to use in your own lectures and workshops.
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Innovation and Knowledge Management The Importance of Innovation and Knowledge Management Authors: Dr. Siddhan and Dr. Abdul Halam
A presentation in which the importance of Knowledge Management and Innovation ...
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IC Reporting User demand for IC reporting Paper by Suresh Cuganesan, Richard Petty and Nigel Finch. Despite widespread pronouncements that businesses report their...
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Design Thinking for Innovation Innovation, Entrepreneurship, Design Thinking, CSR, Social Entrepreneurship, Social Innovation This presentation is about design thinking and the connection to social entrepreneurship. The presentation includes the ...
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Introduction to Managing Creativity and Innovation Innovation Management, Managing Innovation, Managing Innovative Employees, Managing Creative Employees Presentation about Innovation and Creativity, thereby mainly focusing on creativity in organizations. The presentation i...
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