Intellectual Capital/Stewart 63-67

66 ...the sum of an organization's patents, processes, employees' skills, technologies, information about customers and suppliers, and old-fashion experience...is an illustration, not a definition.

67 ...accumulated knowledge and know-how [that] is the source of innovation and regeneration; ability, skill, and expertise..embedded in human brains.

...knowledge that exists in an organization that can be used to create differential advantage.

...to account for intellectual capital more formally, to nurture its development more deliberately, and to invest it more wisely.

Intellectual material that has been formalized, captured, and leverage to produce a higher-valued asset.

Intelligence becomes an asset when some useful order is created out of free floating brainpower--that is, when it is give coherent form (a mailing list, a database, an agenda for a meeting, a description of a process); when it is captured in a way that allows it to be described, shared, and exploited; and when it can be deployed to do something that could not be done if it remained scattered around like so many coins in a gutter. Intellectual capital is packaged useful knowledge.