The measurement and management of intellectual capital in the public sector: Taking the lead or waiting for direction?

This article compares and contrasts the stage of development reached by the public and private sectors with regard to intellectual capital. Whereas the private sector in many parts of the developed world has still not fully embraced the importance of measuring intangible assets, the public sector, w...

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Bibliographic Details
Published in:Public management review 2005-06, Vol.7 (2), p.289-303
Main Author: Wall, Anthony
Format: Article
Language:English
Subjects:
Cultural Capital
Government
Government initiatives
intellectual capital
intellectual capital management
Intellectual property
Management
Measurement
Northern Ireland
Organizational Effectiveness
performance management
performance measurement
Public Administration
Public management
Public Sector
Resource Management
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Summary:This article compares and contrasts the stage of development reached by the public and private sectors with regard to intellectual capital. Whereas the private sector in many parts of the developed world has still not fully embraced the importance of measuring intangible assets, the public sector, with its different objectives, has always had to focus on non-financial results. This has become more critical in recent years due to successive government initiatives that have required the use of a number of prescribed performance indicators. Having briefly outlined the history of both intellectual capital and the culture of performance measurement this article analyses the results of a survey of public sector organizations in Northern Ireland to assess how they are dealing with both the measurement and management of intellectual capital assets.
ISSN:1471-9037
1471-9045
DOI:10.1080/14719030500091723