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Do we know if we create or destroy value?

Published Online:pp 349-359https://doi.org/10.1504/IJEIM.2004.005479

The existing accounting systems cannot meet the requirements of modern companies any more. Not costs but value creation is the core of modern business and intellectual capital has become the decisive value creation factor of modern business. If a company aims to achieve a maximum result with the existing resources its management must know how successfully value added is created, how efficiently this is done, and what is the contribution of intellectual capital. The VAIC analysis is a measuring tool providing information these matters.

Keywords

intellectual capital, measuring, value creation, value added, value creation efficiency, performance measurement