In 2000, Business Week added intellectual capital as a new measure to its review of American MBA programs. Skandia, a pioneer in measuring and promoting intellectual capital, has found that by using intellectual capital techniques, start-up times for its new offices have been reduced by at least one third. It has also seen major savings in training.
Knowledge capital exists in two ways.
Firstly, it exists within the minds of the people who know something useful that will make the organisation more productive. Secondly, knowledge capital exists as content. The classic way knowledge capital was created and transferred within an industrial economy was through apprenticeship models. Young workers gained their knowledge through working with older 'knowledge' workers. There is no better way to gain knowledge than through learning by asking, watching, doing.