Intellectual capital is new to many people. Chapter 9 identifies excellent resources to visit for an extended introduction to the people, ideas, and major developments that are shaping the field: "Websites publications intellectual capital books. "Intellectual Capital is the currency of the new millennium. Managing it wisely is the key to business success in the know­ledge era."

Nick Bontis, director, Institute of Intellectual Capital Research, Associate Editor, Journal of Intellectual Capital

CELEMI

Celemi is an international company, founded in 1986, with headquarters in Sweden. It serves three business areas: learning business, learning change, and learning marketing.

Celemi is a pioneer in the fields of intellectual capital and knowl­edge management. It has received the "MAKE" Award (Most Admired Knowledge Enterprises) for Europe and has been recognized as one of Europe's most dynamic, privately owned companies.

It has taken the principles and practices of being a knowledge organization to heart, using them internally as well as in the learning materials it offers. It uses the principle, espoused by Curt Nicolin, a leading Swedish industrialist, that "there's gold on the floor of our factories and we need to mine it now'' to design learning tools to open communication channels, spread knowledge, and fire the motivation needed at all levels in an organization. The hidden assets of the organi­zation come into play with its tools that foster active understanding and commitment. The outcome is developing the people, their strategies, and customer value.

Celemi worked closely -with Karl Erik Sveiby to develop its tool, Tango, which helps organizations learn not only to measure, but also to manage their intangibles. It has applied the lessons from Tango to Celemi with its own Intangible Assets Monitor.

The Celemi Website contains a number of articles on capturing and leveraging knowledge value in organizations, applying performance measures, and management by learning. to help keep top financial managers current and perform their jobs more effectively. The site also provides resources that help senior financial executives quickly access the relevant information on issues and opportunities.

Sister magazines include CFO, targeting US executives with financial responsibility, eCFO, a quarterly supplement covering finance and technology convergence in the US, Europe, and Asia, CFO Europe, and CFOAsia.

has a repository of freely accessible articles, primarily on reporting aspects concerning intangible assets, but also some articles on strategic implications of intellectual capital management. Recent articles include an analysis of the US Federal Accounting Standards Board's controversial proposed changes in goodwill accounting rules that say companies do not have to amortize intangibles other than goodwill if they can prove that the assets do not have a determinable useful life. Another article, "Intangibles revealed," says that "over the next year [2001] companies could wind up spending some serious dollars to determine the fair value of intangibles and business units" which will be provided under the FASB new merger rules.

As the financial community begins to come to grips with the exten­sive growth in intangibles, accounting boards will be increasingly revising their standards, which will have substantial financial impli­cations for organizations. Depending on the size and complexity of the business, this could entail valuation analysis that could cost from several hundred thousand to several million dollars. Having up to date information supported by analysis, with strategic implications clearly pointed out, will allow those with senior financial responsibilities to prepare themselves and their companies for the inevitable move to acknowledgment of intangibles as significant inputs into the valuation equation.

ICMG

ICMG (Intellectual Capital Management Group) specializes in extracting value from innovation. Its Website reflects its interests in developing and growing competitive advantage through more effective manage­ment of a company's intellectual capital, its intellectual assets, and its intellectual property.

A good part of what ICMG does is education and on the Website ICMG maintains a bibliography containing books, conference presen­tations, white papers, and articles that are particularly germane to its mission. Many of the articles are by ICMG staff and others by thought leaders in their fields. These fields include intellectual capital (IC), IC management, intellectual property, knowledge management, and valuation.

The library is accessible by type of presentation and by field. The types of presentations are conference presentations, articles, white papers, and books. All materials, except books, can be downloaded. Abstracts of the books are online and the books are available for purchase.

The general areas these materials explore are: valuation, strategy, knowledge management, reporting, intellectual capital, intellectual assets, intellectual property, and human capital.

ICMG has more materials on value extraction than any other source and for that reason alone is worth knowing. Its other materials are equally valuable and make the site an ongoing and current center for learning.

INSTITUTE FOR INTELLECTUAL CAPITAL RESEARCH

The Institute for Intellectual Capital Research, Inc. (TTRQ is a research think tank and consulting firm in the areas of knowledge management, intellectual capital, and organizational learning. The director of IIRC is Dr Nick Bontis, who is on the faculty atDeGroote School of Business, McMaster University in Hamilton, Ontario.

The Website offers access to a number of articles that Dr Bontis has authored which cover a range of areas involving intellectual capital, including an historical overview of the field, diagnosis and assessment of knowledge assets, conference and tool reviews, and case studies. The IIRC site also maintains a links page for software and other tools important to the field and a corollary list of research and consulting organizations.

THE INTANGIBLES RESEARCH PROJECT

The Intangibles Research Project is part of the Vincent C. Ross Institute of Accounting Research at New York University's Stern School of Business and is directed by Professor Baruch Lev.

Since valuation and disclosure issues related to intangibles are complex and little understood, accounting standard-setters around the world are encountering great difficulties in attempting to improve disclosures about intangibles. The "Intangibles Project" is designed for the exploration of the nature, measurement, and disclosure of the complete set of assets, tangible and intangible, which create value for shareholders. The project concentrates on internally generated intangibles, the most deficient area of reporting in meeting users' needs.

The project assists researchers in obtaining access to internal data on corporate intangible investments, and linking researchers with executives in charge of R&D, brand management, and human capital development for interviews, discussions, and exchange of informa­tion. The Intangibles Project also organizes meetings and conferences bringing together researchers, regulators, and executives to advance the investigation and implementation, particularly its annual "Intangibles Conference" atNYU.

The project's research and fact-finding reports create a ground of understanding and experimentation in the various aspects of intangibles and intellectual capital. The project explores issues such as: the private and social consequences of current ways of disclosing information about intangibles; how intangibles are valued by the financial and legal communities, as well as managers and others; experimenting -with new intangible disclosure schemes; ways organizations classify intangibles; how accounting and disclosure work in different countries; and other problems and opportunities relating to disclosure, from a whole range of perspectives.