What is Intellectual Capital definition?

Bill Simmons shows his ignorance about the definition of intellectual capital  October 21, 2011 – 02:04 pm
Scoop.it!

It probably won’t surprise you to learn that I follow the terms intellectual capital and intangible capital on Twitter and the web (and I highly recommend that you do the same for the search terms related to your expertise).

This morning there is a storm of comments on Twitter about a Bill Simmons post about the NBA negotiations where he says:

I don’t trust the players’ side to make the right choices, because they are saddled with limited intellectual capital. (Sorry, it’s true.) The owners’ side can’t say the same; they should be ashamed. Same for the agents.

I wouldn’t question Bill Simmons on much but I will call him to task on his use of the term intellectual capital.

Who’s Bill Simmons? He’s a sportswriter. I have heard about him for years because he was an early writer to jump to the web and my husband, Mike Oleksak, (also my co-author, business partner, co-parent and more–but in this case, my husband laughing and sharing posts with me) has been a fan since Simmons early days on the web.

In his comments, Simmons uses “intellectual capital” as a synonym of intelligence. This is a common mistake. But it’s a frustrating one to those of us who study IC. (It’s also one of the reasons that we prefer the term intangible capital; it avoids the confusion with intelligence and with intellectual property).

Source: smarter companies blog

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