Intellectual capital statement - made in Europe

To obtain competitive advantage in Europe, it is crucial for small and medium sized enterprises (SMEs) to utilise knowledge efficiently and to enhance their innovation potential. Furthermore, reporting those intangible assets systematically to customers, partners and investors, as well as creditors has become a critical success factor. Thus, managing their specific 'intellectual capital' (IC) becomes increasingly important for future-oriented organisations. Conventional balance sheets and controlling instruments are not sufficient any more, because intangible assets are not considered so far.The Intellectual Capital Statement (ICS) is the instrument to assess, to report and to develop the intellectual capital of an organisation. The collective research project 'Intellectual Capital Statement - Made in Europe (InCaS)' aims at implementing Intellectual Capital Statements in over 1.000 European SMEs, based on an EU-wide consolidated ICS methodology.