Implementing an IC framework in practice

Purpose – This study does not aim to develop a framework for IC measurement but to highlight the process leading to select and implementing an IC framework in practice. Design/methodology/approach This study takes an “action research” perspective to investigate the management of the analysed company in respect to IC. Findings– The study concerns a company operating in the field of Electronics and Defence, which has developed a model of IC management. Every project set up by the company that impacts on IC is subject to measurement, valuation and reporting. This model aims to be an effective support to general management, providing a link between intangible assets and capabilities that create value. However, several obstacles emerged to its selection and implementation. Originality/value –To overcome obstacles to the implementation of IC management procedures within the firm, some suggestions are envisaged. Furthermore we guess that pilot projects are a good starting point so that emerging problems and opportunities can be dealt with as they arise by personnel involved in day-to-day activities.