**Intellectual Capital or assets refer to the pieces of knowledge that are of business value to the organisation** - Intellectual Capital are organised knowledge that can be used to produce wealth. They comprised of visible (patents, property), and invisible (know-how, know-why, experience, expertise that resides within the head of one of few employees)** - "Intellectual capital management, in contrast, focuses on pieces of knowledge that are of business value to the organization—­ referred to as intellectual capital or assets. Stewart (1997) defines intellectual capital as “organized knowledge that can be used to produce wealth.” Although some of these assets are more visible (e.g., patents, intellectual property), the majority consists of know-­ how, know-­ why, experience, and expertise that resides within the head of one or a few employees (Klein, 1998; Stewart, 1997)."