Theoretical essence and component structure of the intellectual capital of the enterprise

2021 ◽  
pp. 10-19
Author(s):  
O. O. Punda ◽  
D. A. Arziantseva ◽  
N. P. Zakharkevych
Keyword(s):  
Intellectual Capital ◽  
Intangible Asset ◽  
Relational Capital ◽  
Sustainable Competitive Advantage ◽  
Organizational Capital ◽  
Component Structure ◽  
Stage Of Development ◽  
New Knowledge ◽  
Current Stage

The objective necessity and feature of the current stage of development of society is the creation of conditions for the formation and development of intellectual capital — a component that facilitates the transition to an innovative digital economy. Based on the study of scientific works of foreign scientists, the content of the category “intellectual capital” is determined, its component structure is investigated, which includes human capital, organizational capital and relations capital (relational capital). The legal bases of formation and disposal of intellectual capital through the use of separate contractual constructions are considered. It is determined that such agreements can be classified according to the criterion of the role played by this agreement in the structure of formation or use (disposal) of intellectual capital of the enterprise. It is proposed to define the intellectual capital of the enterprise as an intangible asset of the business entity formed on the basis of interaction of human, emotional, structural, organizational capital and capital relations, the synthesis of which allows to produce new knowledge, stimulates innovative development and enhances its competitiveness. Intellectual capital has been established to help organizations gain a sustainable competitive advantage, serving as a source of efficiency, value growth and business capitalization. The role of “green” intellectual capital as the basis for promoting sustainability in organizations is emphasized, its components and values for ensuring the effectiveness of activities are determined. The need for further research on the issues of assessing and identifying the possibilities of accounting for the value of the form of intellectual capital, including green intellectual capital, determining its impact on the results of the enterprise was emphasized.

scholarly journals INTELLECTUAL CONTENT OF GREEN GROWTH IN CONDITIONS OF SUSTAINABLE DEVELOPMENT

2021 ◽  
Author(s):  
Kristina Dryhola ◽  
◽  
Alona Khlivitskaya ◽  
Daria Vydai ◽  
◽  
...  
Keyword(s):  
Sustainable Development ◽  
Human Capital ◽  
Intellectual Capital ◽  
Gradual Transition ◽  
Relational Capital ◽  
Organizational Capital ◽  
Green Growth ◽  
Intellectual Activity ◽  
Intellectual Content ◽  
Stage Of Development

The article is devoted to the analysis of the essence of the intellectual content of green growth in the framework of the global course of mankind for sustainable development. The gradual transition in scientific works from information economy and knowledge economy to intellectual economy, which is characterized by directing human intellectual activity to environmentally friendly activities aimed at achieving global goals of sustainable development, has been analyzed. It has been noted that the intellectual economy is the foundation of green growth and the importance of knowledge, skills, theoretical and practical competencies, creativity, which act as a driver of development of green sectors of the economy has been highlighted. It has been determined that there are nine types of human capital, of which the intellectual plays a leading role at the present stage of development of socio-economic processes. In the conditions of building a green economy, capital acquires green features, which is manifested through green intellectual capital, the main components of which are green human capital, green organizational capital and green relational capital. The interaction of green human and green organizational capital forms green relational capital, which is expressed in the form of green jobs, inclusiveness and gender equality. It has been noted that in the long run the development of green intellectual capital leads to the effect of decoupling, which is manifested in the gap between indicators of economic prosperity and environmental degradation. That is why strategies for the development of green intellectual capital should be the basis for the development of countries around the world to achieve global goals of sustainable development in terms of green growth.

scholarly journals The Role of Green Intellectual Capital on Competitive Advantage: Evidence from Balinese Financial Institution

2019 ◽  
Vol 3 (3) ◽  
pp. 227
Author(s):  
Anak Agung Putu Gede Bagus Arie Susandya ◽  
Putu Diah Kumalasari ◽  
Ida Ayu Ratih Manuari
Keyword(s):  
Human Capital ◽  
Competitive Advantage ◽  
Intellectual Capital ◽  
Financial Institution ◽  
Critical Factor ◽  
Research Field ◽  
Relational Capital ◽  
Innovation Research ◽  
Structural Capital

The purpose of this study is to analyze the role of green intellectual capital on competitive advantage of Lembaga Perkreditan Desa (Balinese Financial Institution). The study tested by using data collected from a sample of 120 respondents that were randomly picked from 35 Lembaga Perkreditan Desa in Denpasar. Findings suggested that green human capital, green relational capital, and green structural capital affect competitive advantage at 17.6%. Furthermore, green human capital and green structural capital had positive effect on competitive advantage. Meanwhile, green relational capital did not affect competitive advantage. The eco-friendly concept remains a critical factor to gain company’s competitive advantage. This study provides insight into green innovation research field.

scholarly journals Determinants of Intellectual Capital: A Study of SME's Batik in Central Java

2018 ◽  
Vol 73 ◽  
pp. 08019
Author(s):  
Hidayat Wahyu ◽  
Shinta Dewi Reni ◽  
EP Apriatni
Keyword(s):  
Factor Analysis ◽  
Intellectual Capital ◽  
Sampling Technique ◽  
Intangible Asset ◽  
Relational Capital ◽  
Varimax Rotation ◽  
Central Java ◽  
Middle Range ◽  
Confirmatory Factor ◽  
Quantitative Data Analysis

The objective of this study is to explore the intellectual capital establishing factors especially for SME's. Intellectual capital constitutes intangible asset that will add the value of the company to achieve competitive excellence. Quantitative data analysis derives from the survey towards 87 middle range manages using jugdment sampling technique. The data was analysed using cronbach's alpha test to measure the reliability; exploratory factor analysis and confirmatory factor analysis with VARIMAX rotation were applied to measure factor analysis. Research location took place at two largest clusters of Batik Industry in Central Java that are Pekalongan and Laweyan-Surakarta city. The result shows that SME's batik in Central Java has an intangible asset. The factors of intellectual capital on batik SME's consists of the human capital, structural and relational capital.

Building New Knowledge and the Role of Synthesis in Innovation

2009 ◽  
Vol 1 (1) ◽  
pp. 13-27 ◽  
Author(s):  
Bill Burnett
Keyword(s):  
Competitive Advantage ◽  
Sustainable Competitive Advantage ◽  
New Knowledge ◽  
Big Picture ◽  
A Company

We innovate to create competitive advantage. Competitive advantage is found in new knowledge, which solves the buyer's problem. Humans create new knowledge in three ways: through Discovery - stumbling upon something that solves a problem; through Experimentation - trying different approaches to a problem until the solution is found; and through Synthesis - combining existing knowledge to create new knowledge. Today, Synthesis is the most common way we solve problems. Everyone synthesizes, but some people are extraordinarily good at it. They see the big picture, and how all the pieces fit together. Their brains have the ability to reach great mental distances to find remote metaphors which presents knowledge that turns into great solutions. Mixing your experts with people who are novice super-synthesizers can create best in class solutions and give a company a sustainable competitive advantage.

scholarly journals THE ROLE OF THE INTELLECTUAL CAPITAL IN ACHIEVING COMPETITIVE ADVANTAGE: A COMPARATIVE STUDY BETWEEN PRIVATE UNIVERSITIES OF TURKEY AND UAE

2019 ◽  
pp. 1-16
Author(s):  
NIMA ALFARRA NIMA ALFARRA
Keyword(s):  
Human Capital ◽  
Statistical Analysis ◽  
Competitive Advantage ◽  
Intellectual Capital ◽  
Private Universities ◽  
Relational Capital ◽  
Structural Capital ◽  
Years Of Service ◽  
Definition Of

This study aims to examine the reality of intellectual capital in the private universities of Turkey and UAE and the role of intellectual capital in enhancing their competitive advantage. In this regard, the study explores the extent to which each element of intellectual capital influences the competitive advantage of the universities under the study and whether there is a difference between universities in how to manage the intellectual capital that they own. Accordingly, the study first explains the definition of intellectual capital and its elements (human capital, structural capital, relational capital), as well as the definition of the competitive advantage and its dimensions and fields of achievement in the universities under the study. Besides, it also investigates the relationship between the administrative procedures followed by these universities in the management of intellectual capital and in enhancing their competitive advantage from several aspects (innovation, quality, flexibility, development, and quality of service). The study relied on the selection of a simple convenience sampling method of the population of private universities in Turkey and UAE by a descriptive analytical approach, so a survey was made to verify the approaches in the theoretical frameworks of the intellectual capital and its relation to the dependent variables, which is the competitive advantage. The hypotheses were tested based on statistical analysis programs. The statistical analysis points to several important results and implications. Findings of the study reveal that there is a statistically significant relationship between the ability of the private universities in Turkey and UAE to manage their intellectual capital and enhance their competitive advantage, while the management of human capital, structural capital, and relational capital seem to have a similar impact rate on the Turkish and UAE private universities in enhancing their competitive advantage. Findings of the study further indicates that there is no statistically significant difference in the average responses of sample members on the level of the availability of intellectual capital requirements and achievement of competitive advantage in the private universities in Turkey and UAE due to some variables like gender, age, qualifications, years of service, years of service in the current position, job title.

scholarly journals Green Intellectual Capital and Firm Competitive Advantage: Evidence from Malaysian Manufacturing Firms

2019 ◽  
pp. 463-471
Author(s):  
Naimah Ahmad Yahya ◽  
Roshayani Arshad ◽  
Amrizah Kamaluddin ◽  
Rahayu Abdul Rahman
Keyword(s):  
Competitive Advantage ◽  
Intellectual Capital ◽  
Manufacturing Firms ◽  
Relational Capital ◽  
Organizational Capital ◽  
Green Innovation ◽  
Four Dimensions ◽  
The Impact ◽  
The Relationship ◽  
Innovation Capital

The purpose of this study is to investigate the relationship between green intellectual capital and firms’ competitive advantage in Malaysia. More specifically this study examines the impact of four dimensions of green intellectual capital; green human capital, green innovation capital, green organisational capital and green relational capital on firms’ competitive advantage. Using survey as a method to collect data from 224 managers of manufacturing firms in Malaysia, the result shows that green intellectual capital and its dimensions, specifically the green innovation capital, green organizational capital and green relational capital have significant and positive relationship with firms’ competitive advantage. Overall, the findings highlight the importance of green intellectual capital as a valuable business resource which in turn enhances firm performance and competitiveness.

scholarly journals MODERN PROBLEMS OF CHANGES MANAGEMENT IN HIGHER EDUCATION IN RUSSIA

2021 ◽  
Vol 2 (196) ◽  
pp. 51-59
Author(s):  
A.P. Zhabin ◽  
◽  
E.A. Kandrashina ◽  
Keyword(s):  
Higher Education ◽  
Personal Identity ◽  
Practical Implementation ◽  
Stage Of Development ◽  
New Knowledge ◽  
The Face ◽  
University Science ◽  
Accelerating Flow ◽  
Current Stage

The accelerating flow of changes in all spheres of society puts humanity in the face of the problem of determining its place and role in this flow. Should we follow the limits set by the parameters and conditions of the flow, or try to control it? The answer to this by no means idle question should be given first of all by university science – that part of science that produces not only new knowledge, but also the main resource for their practical implementation – competent people. Accordingly, universities should also be in the flow of changes and determine the goals, objectives and content of ongoing changes not only for society, but also for themselves. The basic contours of this personal identity process are already beginning to become clear. There is a consensus that the transformation of higher education should be managed. But many questions, both theoretical and practical, remain open. And the main among them is question of how and by whom this process should be managed. The article deals with the features of the current stage of development of management relations in higher education in Russia. The necessity of transforming university activities is shown. The conditions and approaches to making changes are described. The practical policy of implementing changes is analyzed. Suggestions for its improvement are put forward and justified.

scholarly journals Voluntary intellectual capital disclosure and earnings forecast in Indonesia–Malaysia–Thailand growth triangle's pharmaceuticals sector

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Saarce Elsye Hatane ◽  
Jefferson Clarenzo Diandra ◽  
Josua Tarigan ◽  
Ferry Jie
Keyword(s):  
Pharmaceutical Industry ◽  
Intellectual Capital ◽  
Strategic Alliances ◽  
Stock Exchange ◽  
Financial Analysts ◽  
Earnings Forecast ◽  
Relational Capital ◽  
Content Type ◽  
Earnings Forecasting

PurposeThis study examines the role of intellectual capital disclosure (ICD) on earnings forecasting by analysts in the pharmaceutical industry in emerging countries, particularly in Indonesia, Malaysia and Thailand. This study specifically examines the role of each component of the ICD on analysts' forecasts, which consists of errors of forecasted earnings, the standard deviation of forecasted earnings and analyst recommendations.Design/methodology/approachPanel data analysis is conducted using a sample of 17 companies from pharmaceuticals industries in Indonesia, Malaysia, Thailand – Growth Triangle (IMT-GT), which are listed in the Indonesia Stock Exchange (IDX), Malaysia Stock Exchange (MYX) and Stock Exchange of Thailand (SET) from 2010 to 2017. Secondary data is obtained from Bloomberg and Annual report, where they are being analyzed to measure the ICD and gather the control variables.FindingsThe results indicate that the three components of ICD, namely human capital disclosure (HCD), structural capital disclosure (SCD) and relational capital disclosure (RCD), insignificantly influence average analysts' consensus recommendation and analysts' earnings forecast dispersion. However, the findings show a significant negative influence of relational capital disclosure (RCD) on analysts' earnings forecast error. In contrast, HCD and SCD have an insignificant impact.Practical implicationsTransparency in disclosing activities related to external parties is essential for the pharmaceutical industry. It is found that relational capital disclosure is the only ICD indicator that can strengthen analysts' profit predictions. Transparency about company activities in maintaining customer satisfaction and activities related to strategic alliances with other organizations are two critical things that can accommodate the accuracy of earnings forecasting from analysts in pharmaceutical companies.Originality/valueThis study contributes to ICD-related research by discussing the financial analyst's response to this voluntary disclosure in the pharmaceutical industry, particularly in Indonesia, Malaysia and Thailand. The selected observation period is seven years, starting one year after the global financial crisis. The results showed that the disclosure of IC is not an exciting thing for financial analysts. In forecasting current earnings, financial analysts are more interested in errors than the previous year's estimates.

INVESTMENT POLICY OF POLAND IN THE CONTEXT OF TRADE AND ECONOMIC COOPERATION WITH THE RUSSIAN FEDERATION

2021 ◽  
pp. 81-96
Author(s):  
Alla B. Sekacheva ◽  
Keyword(s):  
European Union ◽  
Foreign Investment ◽  
Investment Policy ◽  
The European Union ◽  
Foreign Investments ◽  
Stage Of Development ◽  
The Russian Federation ◽  
Polish Economy ◽  
Current Stage

The article reveals the evolution of Poland’s investment policy and the peculiarities of the formation of the country’s legal system for the protection of foreign investments. The article describes the current stage of development of the Polish economy, reveals the role of foreign investment in the modernization of the national economy. The article discusses the controversial issue of the role of the European Union subsidies in the transformation of the Polish economy. The issues of trade, economic and investment cooperation between Russia and Poland are analyzed separately and it is concluded that the anti-Russian foreign policy of Poland hinders the development of the trade, economic and investment cooperation between the two countries.

Intellectual capital for recovering patient centrality and ensuring patient satisfaction in healthcare sector

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Fabio Fiano ◽  
Marco Sorrentino ◽  
Francesco Caputo ◽  
Margherita Smarra
Keyword(s):  
Human Capital ◽  
Patient Satisfaction ◽  
Intellectual Capital ◽  
Healthcare Management ◽  
Healthcare Sector ◽  
Primary Data ◽  
Relational Capital ◽  
Content Type ◽  
Structural Capital

PurposeWith the aim to enrich the ongoing debate about healthcare management, the paper has a twofold intent: [1] to emphasise the interpretative contribution that intellectual capital can provide to a better understanding of the relevant role of patients in the healthcare sector and [2] to investigate the relationships between the three main dimensions of intellectual capital – human capital, relational capital and structural capital – and patient satisfaction in the healthcare sector.Design/methodology/approachThe intellectual capital framework is contextualised in the healthcare sector, and the relationships among patient evaluations of human capital, relational capital and structural capital and patient satisfaction are tested via structural equation modelling (SEM) using primary data collected with reference to a sample of 561 Italian patients involved in post survey treatments in three Italian hospitals.FindingsThe role of intellectual capital in supporting a better understanding of processes and dynamics of patient satisfaction in the healthcare sector is underlined. The empirical research provides possible guidelines for recovery patients centrality in healthcare management.Originality/valueThe paper shows how an intellectual capital framework can support a better understanding and management of dynamics and processes through which patient centrality and satisfaction in healthcare management can be enforced.

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