Originally, intellectual capital (IC) was valued for its contribution to financial reporting, functioning as a searchlight for exploring the hidden aspects of balance sheets. However, in the current knowledge-driven innovation economy, IC should be further recognized and redefined as a vital force that fosters organizational innovation and growth. How does the integration of IC with knowledge assets (KA) influence the innovative capabilities of contemporary future-oriented organizations? Delving into this question, this chapter discusses the significance of IC as “potential capital” and as a dynamic driver of innovation. The relationship between IC and KA is examined as an analogy of a balance sheet. IC serves as a measure and mirror of KA for a firm: IC is generic and KA is specific. Here, the significant role of “ba” (a Japanese term for place; the context-sharing environment that fosters knowledge creation) and the human factors are highlighted. Additionally, leveraging and sharing “ba” across ecosystems is crucial for sustaining and driving growth. This can be discussed by considering the humanization of the IC concept.