Training activities has been one of the firms' critical management mechanisms for long time. Under the intellectual capital or balanced scorecard framework, how to utilizing the training activities to enhance a firm's business value is an important research issue. The goal of this paper is to examine whether the training activity of the intellectual capital is able to enhance business value for Taiwan's information and electronic firms. We collect empirical data from Taiwan information and electronic firms and use regression model to conduct empirical analysis. The empirical results show that firms with higher intellectual capital creating activities (training activities) are associated with higher business value. That is, firms with higher training activities are related to both higher labor revenue generating abilities (labor productivities) and higher labor profit generating abilities (labor profitability). The empirical evidence also shows that firms with higher employee wages and larger firm size are also related to both higher employee productivity and employee profitability.