Imagine that. Measuring intangible investment at the company level?!

To date, economists have focused on measuring intangibles at the macroeconomic level. And they have developed compelling data showing the growing importance of intangibles to economic growth.

But accountants and business leaders have been slow to pick up on this. The only widespread application of intangibles measurement comes through the Balanced Scorecard approach and the growth of the performance management field. The problem that I have with both of these approaches is that they are ignoring the powerful starting point of intangibles value creation that the economists have laid out for us: investment. Read more

Delivering on Bernanke’s call to measure intangible capital

In my last post, I shared Fed Chairman Ben Bernanke’s call for “better ways to measure innovation, R&D activity, and intangible capital.” What better way than this statement to kick off the next two half-day discussions at the New Building Blocks for Jobs and Economic Growth conference?

So, after the opening plenary, the group did get down to the work of identifying next steps for business and policy. On the Steering Committee, we spent a lot of time trying to design a conference that engaged and tapped into the amazing wisdom of the attendees—experts from all over the world in intangibles and innovation. We were helped by great facilitators (and artists) from Collective Next from Boston.

I introduced and helped moderate one of the four discussion areas: Emerging Measures. I introduced a paper by Ken Jarboe that I had contributed to. Here’s how we framed the discussion Read more

Bernanke on Intangible Capital

Just catching up from the New Building Blocks for Jobs and EconomicGrowth conference in DC. I posted on Twitter pretty actively (or as Bernanke called it Tweeter) during the public sessions and then helped lead one of the four key working sessions (more on that in my next post).

We were thrilled to have Ben Bernanke as the keynote to open the conference. The core of his speech was about the importance of government support in research, a safe but important topic when talking about intangibles.
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Intangible Capital Reading List on Twitter for 2011-05-26

• RT @FondationCIGREF: World Conference on Intellectual Capital for Communities. Tomorrow at World Bank Paris Office : http://bit.ly/mibuBT #

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Intangible Capital Reading List on Twitter for 2011-05-25

• Is this a smarter way to organize knowledge work or a delay tactic for smarter biz model? Two tracks for lawyers. http://nyti.ms/lsntoQ #
• Rambler's Way http://bit.ly/mwb7Mc Great example of new design constraints for innovation and the future of U.S. econ http://bit.ly/dXMI3F #

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Intangible Capital Reading List on Twitter for 2011-05-24

• I like this ethics/reputation test http://bit.ly/ishipV #

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Intangible Capital Reading List on Twitter for 2011-05-22

• When will the lessons of the social media economy be transferred to Wall Street? Not anytime soon it seems http://nyti.ms/lOCcqV #linkedin #

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Intangible Capital Reading List on Twitter for 2011-05-19

• Here is the video of Bernanke's speech at #intangiblesecon http://bit.ly/iXcKGl And here's the transcript http://1.usa.gov/iPWm5O #
• #intangiblesecon My (tea) drinking game: counting the number of time Bernanke said #intangiblecapital – the answer is four. Each to follow #
• Bernanke: innovation and #intangiblecapital are central to understanding how we can best promote robust economic growth in the long run #
• Bernanke: Recent research has highlighted the important role played by #intangiblecapital such as the knowled… (cont) http://deck.ly/~y9lVp #
• Bernanke: This research suggests that technological progress and the accumulation of i#ntangiblecapital hav… (cont) http://deck.ly/~z2owc #
• Bernanke: let me put in a plug for more work on finding better ways to measure innovation, R&D and #intangiblecapital (will do Ben!) #
• (corrected hashtage) Bernanke: This research suggests that technological progress and the accumulation of #int
  
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  Tagged: Intangible Capital, Intellectual Capital, Mary Adams, maryadamsica

  Intangible Capital Reading List on Twitter for 2011-05-17

  May 17, 2011 by Mary Adams · 2 Comments 

  • Ben Bern #
  • Ben Bernanke about to speak on #intangiblesecon http://bit.ly/iXcKGl live webcast. Have a listen! #
  • Ken Jarboe from Athena Alliance is talking about the role of intangibles in fueling economic growth #intangiblesecon #
  • Boucher speaking about OECD efforts to understand the intangibles foundation for growth and innovation #intangiblesecon #
  • OECD is kicking off a two-year program on intangibles and growth #intangiblesecon #
  • Boucher introducing Ben Bernanke as one of our nation's intangible assets #intangiblesecon #
  • Bernanke: Investment in intangible capital now accounts for half of economic growth.in the U.S. #intangiblesecon #
  • Bernanke talking about rationale for government investment in R&D. Especially in basic research #intangiblesecon #
  • Bernanke R&D spending is going global. Increases overall innovation. But there is a spillover effect locally. #intangiblesecon #
  • Bernanke – Internet came out of work in 1970's and 1980's. If you want real results, have to support R&D over long term. #intangiblesecon #
  • Bernanke we need new measures for innovation and intangible capital #intangiblesecon #
  • Bernanke finished. Now kicking off panel discussion. First topic competition and collaboration. Biz people say need both #intangiblesecon #
  • Innovation comes largely from a recombination of knowledge. Need both competition and collaboration. #intangiblesecon #
  • In rush to find measures for innovation, patents are an easy metric but it's not enough. #intangiblesecon #
  • there is a real need for international stability of patent systems #intangiblesecon #
  • Critical question is whether losing manufacturing translates to lost expertise and potential for innovation #intangiblesecon #
  • To foster collaboration you need to get people together physically. Move people to the problem. #intangiblesecon #
  • Biggest factor influencing success in innovation is culture first. Risk taking, speed How you organize people. Then policy. #intangiblesecon #
  • Allen Howell the days of command and control are over. You can't keep all your knowledge, find ways to monetize sharing #intangiblesecon #
  • In intangibles business, dif b/n most and least productive person can be huge (not that big a dif. with tangible biz) #intangiblesecon #
  • In intangibles economy, just because you have more doesn't mean I have less (very dif. from tangibles) #intangiblesecon #
  • Biggest problem in U.S. is inequality. Affects human capital. #intangiblesecon #
  • Biggest barriers to innovation cited today: 1-access to funds 2-lack of qualified people 3-level of demand #intangiblesecon #
  • Allen Howell when I invest in intangibles like process, it shows as an expense/loss for my biz. Acctg works against us #intangiblesecon #
  • Hard to measure innovation outcomes because it takes a lot of time–but we can and should mea. conditions for innovation #intangiblesecon #
  • just realized that I am repeating the panel's comments without clarifying the source –hope this isn't confusing #intangiblesecon #
  • Now we are heading into working sessions to try to scope out next steps for the field of intangibles–will report back soon #intangiblesecon #

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  Tagged: Intangible Capital, Intellectual Capital, Mary Adams, maryadamsica

  Intangible Capital Reading List on Twitter for 2011-05-16

  May 16, 2011 by Mary Adams · Leave a Comment 

  • Webcast tomorrow at 9 AM EDT, Ben Bernanke to address conference about #intangiblesecon http://bit.ly/iVq7aC (i hope to also live Tweet) #

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  Tagged: Intangible Capital, Intellectual Capital, Mary Adams, maryadamsica

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