The purpose of this study was to explore the composition of intellectual capital (IC) by addressing the research question: What are the knowledge-based activities and outputs which comprise the IC of a university medical department? A conceptual framework was developed to highlight the importance of activities. The conceptualization of IC was further developed using concept mapping. Education administrators’ perceptions were solicited to derive IC used in a research faculty of a Canadian university. The results indicate that IC can be understood in terms of activities and outputs. Clinical faculty can be expected to engage in research and its supervision, education, obtaining qualifications, clinical and professional practice, and service. Within these categories, individual activities and outputs were not considered to be of equal importance or impact. Among seventy activities and outputs, articles in internationally refereed journals was ranked as most important, whereas teaching awards was ranked as having the most impact.

The purpose of this study was to explore the composition of intellectual capital (IC) by addressing the research question: What are the knowledge-based activities and outputs which comprise the IC of a university medical department? A conceptual framework was developed to highlight the importance of activities. The conceptualization of IC was further developed using concept mapping. Education administrators’ perceptions were solicited to derive IC used in a research faculty of a Canadian university. The results indicate that IC can be understood in terms of activities and outputs. Clinical faculty can be expected to engage in research and its supervision, education, obtaining qualifications, clinical and professional practice, and service. Within these categories, individual activities and outputs were not considered to be of equal importance or impact. Among seventy activities and outputs, articles in internationally refereed journals was ranked as most important, whereas teaching awards was ranked as having the most impact.