Project Selection Directed by Intellectual Capital Scorecards

11 Pages Posted: 18 Jan 2003

See all articles by Hennie Daniels

Hennie Daniels

Erasmus Research Institute of Management (ERIM); Tilburg University, CentER for Economic Research

Bram de Jonge

affiliation not provided to SSRN

Date Written: October 2003 1,

Abstract

Management of intellectual capital is an important issue in knowledge intensive organizations. Part of this is the composition of the optimal project portfolio the organization will carry out in the future. Standard methods that guide this process mostly focus on project selection on the basis of expected returns. However, in many cases other strategic factors should be considered in their interdependence such as customer satisfaction, reputation, and development of core competences. In this paper we present a tool for the selection of a project portfolio, explicitly taking into account the balancing of these strategic factors. The point of departure is the intellectual capital scorecard in which the indicators are periodically measured against a target; the scores constitute the input of a programming model. From the optimal portfolio computed, objectives for management can be derived. The method is illustrated in the case of R&D departments.

Keywords: optimal portfolio, knowledge management, intellectual assets, knowledge capitalization

JEL Classification: M, M11, R4, D23

Suggested Citation

Daniels, Hennie and de Jonge, Bram, Project Selection Directed by Intellectual Capital Scorecards (October 2003 1,). Available at SSRN: https://ssrn.com/abstract=371061

Hennie Daniels (Contact Author)

Erasmus Research Institute of Management (ERIM) ( email )

P.O. Box 1738
3000 DR Rotterdam
Netherlands

Tilburg University, CentER for Economic Research ( email )

P.O. Box 90153
Tilburg, 5000 LE
Netherlands
+31 13 466 2026 (Phone)

Bram De Jonge

affiliation not provided to SSRN

No Address Available

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