Table 1

IC models and company innovation

AuthorsTheoryContribution to innovation
Kaplan and Norton (1992) Integral Credit Scorecard ModelInnovation is not considered as a capital alone but it constitutes an internal process that increases the value of human capital, informational capital and organisational capital
Edvinsson (1997) Skandia Navigator ModelInnovation is linked to the contribution of human resources to the organisation
Bontis (1996) University of Western Ontario ModelInnovation is the result of the communication and learning processes of individuals that take place in the organisation
Sveiby (1997) Intangible Assets MonitorInnovation is considered to be a first-class factor in accordance with indicators of growth and renovation, efficiency indicators, stability indicators
Camisón et al. (2000) Nova ModelInnovation is considered as an individual capital on its own
Euroforum (1998) Intellect ModelInnovation regards the future capacity of people and teams to generate tacit and explicit knowledge
Bueno et al. (2004) Intellectus ModelInnovation is generated through technological capital (within others factors) and it acts as a link between internal values that arise from HC and organizational capital and external values related to business and social capital

Source(s): Elaboration from Mariz-Pérez et al. (2012), “The relevance of human capital as a driver for innovation”

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