Thomas McGuire (Talent Growth Advisors, USA)
Linda Brenner (Talent Growth Advisors, USA)

Building Business Value through Talent

ISBN: 978-1-80043-116-4, eISBN: 978-1-80043-115-7

Publication date: 4 May 2021


McGuire, T. and Brenner, L. (2021), "Glossary", Building Business Value through Talent, Emerald Publishing Limited, Leeds, pp. 101-102.



Emerald Publishing Limited

Copyright © 2021 by Emerald Publishing Limited

Book Value

Book value is a company's equity value as reported in its financial statements. The book value figure is typically viewed in relation to the company's stock value (market capitalization) and is determined by taking the total value of a company's assets and subtracting any of the liabilities the company still owes.

Business Combination Accounting

A set of formal guidelines describing how assets, liabilities, noncontrolling interest, and goodwill must be reported by a purchasing company on its Consolidated Statement of Financial Position.

Contingent Workers

Nonemployees contracted directly or through an agency to perform work for a temporary period of time. Distinct from outsourced services, individuals are supervised by a company manager as if they were permanent employees, although being employees of the agent or self-employed.

Enterprise Value

Enterprise value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

Free Agent

Any worker who is not subject to full employment by a company; may be an individual practitioner who is working full-time or a temporary resource. All contingent workers are counted within the Free Agent description.

Human Capital

The present discounted value of the additional productivity over and above the product of skilled labor, of people with skills and qualifications. 1 Human capital is owned by those people.

Intellectual Capital

Means of productivity derived from certain intangible assets; a subset of intangible assets.

Intellectual Property

Private property rights in ideas (for example, copyright and patents). 2

Intangible Assets

Assets of an enterprise that cannot be seen or touched. These assets include goodwill, patents, trademarks, and copyright. 3

Knowledge Worker

Executives, professionals, and employees who know how to put knowledge to productive use; owns both the “means of production” and the “tools of production.” 4


People having the skills and abilities to fill specific professional roles.


Terms are defined as used in the context of this book which are printed in bold italics throughout.


Oxford Dictionary of Economics, Black J., Oxford University Press, 1997.


Oxford Dictionary of Economics, Black J., Oxford University Press, 1997.


Oxford Dictionary of Economics, Black J., Oxford University Press, 1997.


Post-Capitalist Society, Peter Drucker, HarperBusiness 1993.