Yogesh, From your response, then, it would appear that quantitative measures of intellectual capital should be measurements of an organization's capacity for innovation, not a measurement of the current value of its intellectual properties. If this is the case, then I think there is little chance of the situation I hypothesized about in my posting. But I sense that what many company's want to do today is to assign a dollar value to their intellectual properties, whether these exist in product lifecycles, their customer base, or their people. In such cases, it still seems all too likely that the measurement of IC would have a stultifying effect on the KM processes as they would are unlikely to be forward looking. What you wrote about reference disciplines makes me wonder if my concern is the result of KM still being in its infancy.
Reliable standards are the result of experimentation.
I've simply theorized one of the methods of measurements that ought to be avoided.