Managing Intellectual Capital in Libraries and Information Services

Abstract

Intellectual capital is the set of all intangible assets, that is, invisible, non-monetary assets held by a library, which can be identified as separate assets. Intellectual capital has become the buzzword of a knowledge-based economy and is the ultimate source of competitive advantage. In this work, we review the literature to analyse the effect of intellectual capital utilisation in the overall library management, to identify and classify intellectual capital and to provide some guidelines for researchers and practitioners. A literature review for the intellectual capital in libraries is conducted, and a qualitative analysis is undertaken, which interrelates library management to intellectual capital is taking place. The review leads to identification and classification of intellectual capital as well as to a number of quite innovative and interesting issues for the interrelation of intellectual capital to the management of libraries. The issues studied include intellectual capital economic valuation methods, the effect of the locality (spatial factor) to intellectual capital utilisation and the analysis of co-opetition (cooperation and competition) for intellectual capital utilisation. This is one of only a few studies about the management of intellectual capital in libraries and information services (LIS)—an innovative and challenging area of research in library management.