The second approach calculates the intellectual capital value of a particular
company using a number of assumptions. An example is the modelling approach of
M’Pherson and Pike (2001). Another example is the calculation of organizational
capital by Lev and Radhakrishnan (2003). Andriessen (2004) stresses in this respect the
importance of standardized measuring methods for intellectual capital (see also the
review of Starovic and Marr (2003)). This second approach is less used. Apart from the
complexity of the calculations this is due to different assumptions and conditions,
which block general applicability. Mouritsen (2004) noted in this respect that the exact
calculation of intellectual capital might not be the main goal, but that measurement
methods merely serve to create intervention options for the management.