Intellectual Capital- The Game Changer of Contemporary Business: NextGen Thinking for Stakeholders

IC plays pivotal role in success of organizations (Stewart, 1997a; 1997b) as they create value and “true competitive advantage” (Ratnatunga et al., 2004, p. 78). More so in today’s knowledge-based economy in which intangible elements are seen as essential elements for value creation in companies and for economic wealth (Lev, 2001; Burgman et al., 2007; Silvestri and Veltri, 2011; Martı´n and Delgado, 2012).Intellectual Capital (IC) basically refers to: “human capital: the knowledge embedded inpeople; structura