What is the best definition of intellectual capital?

Intellectual capital is best defined as the shared knowledge of a workforce. This concept encompasses the intangible assets that contribute to the value of an organization, primarily through the expertise, skills, and experience of its employees. Intellectual capital includes elements such as the knowledge embedded in the company's processes, the relationships employees have with one another and with external stakeholders, and the creative ideas generated within the workforce.

In contrast, definitions such as tangible assets, net worth, and financial resources pertain to more physical or quantifiable aspects of a business. Tangible assets refer to items like equipment and property, while net worth measures the overall financial value of a company, combining both assets and liabilities. Financial resources available to a business focus on the capital that can be used for operations and investments. None of these options capture the essence of intellectual capital, which fundamentally revolves around human knowledge and the ability to create value from it.