In times of crisis, the best that one can expect from a company is to be able to continue innovate and create new products based on the skills of their employees. In this paper, we consider that each process integrates four basic components of the intangible capital that are critical in the process of innovation and the creation of factors that put the company out of reach of the consequences of crisis. Risk management in SMEs passes through the performance assessment of the set of these four components of the intangible capital by identifying the most vulnerable components. The main challenge lies not only in increasing the intangible capital of business but it control and protection. The
corollary of this challenge is to reduce the vulnerability resulting from the weakest component in order to improve the performance of the intangible capital of small and medium sized enterprises. As a result of the vulnerability assessment these companies must establish overall protection from risk, to maintain or increase their efficiency.
This paper proposes a new framework for risk management of intangible capital in SMEs, referred to as ICRA. This Intangible Capital Risk Assessment (ICRA) framework aims to provide helpful guidance to SMEs for protecting their intangible capital and optimizing their decision-making.