Value creation through measurement of innovation capability – an intellectual capital management perspective

The purpose of this paper is to examine whether prior theories of intellectual capital (IC) management can be utilised in the measurement of innovation capability. The study is based on the current literature on innovation capability and intellectual measurement and management. It examines the match between these two parameters to determine how the measurement and management of innovation capability can best be organised. The paper presents a measurement and management framework for the measurement of innovation capability by taking account of the static and dynamic view of IC. This paper proposes a framework for defining measures of innovation capability performance based on measures derived from the study of IC.