... Management, ” Les Nouvelles,June 1999, p. 70 .10Edvinsson, L., and Malone, M., Intellectual Capital (New York: Harper Business, 19 97) , pp.145–146.THE CICM APPROACH 75 4The Comprehensive Intellectual Capital ... the management stages,as illustrated in Exhibit 4.1, each stage by its nature is predominantly focused on managing oneparticular form of IC.64 INTELLECTUAL CAPITAL MANAGEMENT INTELLECTUAL CAPITAL/ STAGE ... knowledge capital of companies and industries. Though this method is based on thesimple formula used by IC theorists (i.e., Intellectual Capital = Market capitalization − net book INTELLECTUAL CAPITAL...