Development of an Optimization Tool for Intangibles in SMEs

2017 ◽  
pp. 320-347
Author(s):  
Olja M. Arsenijević ◽  
Drago Orčić ◽  
Edita Kastratović
Keyword(s):  
Intellectual Capital ◽  
Business Development ◽  
Theoretical Part ◽  
Knowledge Based ◽  
Research Findings ◽  
Intellectual Potential ◽  
Further Development ◽  
The Prestige

The purpose of this chapter is to present research findings and address the conclusion that intellectual capital is present, measurable and can be optimized in SMEs. The theoretical part of the chapter presents a review of tools for measuring intellectual capital. By using this concept, SMEs recognize the importance of intellectual capital and accept methods by which they can convert their businesses into knowledge based companies. This approach has evolved very dynamically as changes in business development and intellectual capital continue to develop. The chapter also provides the newly created tool for optimizing intellectual potential in SMEs, tested through a pilot research in an SME, the “Prestige by Milka” company. As it can be seen from the chapter, neglecting intangibles frequently results in suboptimal business development. It is expected that the conclusions and recommendations of this study will reveal possible directions for further development of optimization potential and intellectual capital in SMEs.

scholarly journals The mediating effect of financial performance on the relationship between intellectual capital & market share: Evidence from Tehran stock exchange

2017 ◽  
Vol 7 (4-1) ◽  
pp. 153-162
Author(s):  
Seyed Mohamad Fahimi ◽  
Hossein Fakhari
Keyword(s):  
Financial Performance ◽  
Market Share ◽  
Intellectual Capital ◽  
Stock Exchange ◽  
Value Added ◽  
Mediating Effect ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Research Findings ◽  
The Relationship

Intellectual capital has an important role in this knowledge based economy era. The purpose of this study is to examine the mediating effect of financial performance on the relationship between intellectual capital and market share in the listed Companies in the Tehran Stock Exchange in this study to assess the intellectual capital, the rate of value-added intellectual capital that developed by Pulic (1998) is used. The sample included 99 companies listed in the Tehran Stock Exchange, for a period of five years from 2011 to 2015. The research findings show a significant positive relationship between intellectual capital and market share. Also the results show that there is no mediating effect of financial performance in the relationship between intellectual capital and market share.

scholarly journals Elitist Studies in Management and Economics: Contemporary Needs and Challenges under Conditions of Globalization

2017 ◽  
Author(s):  
Borisas Melnikas
Keyword(s):  
Technological Progress ◽  
Social Economic ◽  
Technological Development ◽  
Economic Life ◽  
Economic Activities ◽  
Main Attention ◽  
Knowledge Based ◽  
The Creation ◽  
Intellectual Potential ◽  
Further Development

This theoretical article is intended to the needs and problems of the creation and further development of the so-called elitist studies in the field of management and economics. Main attention is focused on the essence and key principles and priorities of the creation, further development and modernization of elitist studies in general, as well as of the elitist studies in the field of management and economics. It is shown that the creation, further development and modernization of the elitist studies and their systems is an essential precondition for the purposeful development of the intellectual potential in all areas of social and economic life, in all spheres of social, economic and technological development, including in the field of management and economic activities. The role and importance of the elitist studies in the field of management and economics in the context of contemporary challenges of globalization, knowledge based society and knowledge economy creation, intensification of scientific and technological progress, as well as in accordance with the contemporary needs to radically improve managerial activities and to develop and modernize the intellectual potential of specialists in management and economics, is highlighted. Factors and priorities of the creation and further development of the elitist studies in the field of management and economics are described in details.

scholarly journals INTELLECTUAL POTENTIAL OF THE ENTERPRISE ACTIVATING AND INTELLECTUAL PROPERTY PROCESSES IN A KNOWLEDGE-BASED ECONOMY INTENSIFICATION

2020 ◽  
Keyword(s):  
Intellectual Property ◽  
Intellectual Capital ◽  
Main Tool ◽  
Property Market ◽  
Creative Development ◽  
Intellectual Activity ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Effective Use ◽  
Intellectual Potential

The article is devoted to the issue of activating the intellectual potential of the enterprise and intensification of intellectual property processes in a knowledge-based economy. Foreign experience in the field of scaling the intellectual property market was studied, the state and tendencies of its development were covered. Challenges for Ukraine in the context of commercialization of intellectual property rights are substantiated. The sphere of intellectual property as the main tool of scientific-technological important transformation directions and creative development in general are singled out. The institutional regulation of intellectual potential and commercialization of the intellectual activity in a knowledge-based economy results processes effective use is highlighted. Based on the study of legal, financial and organizational institutions that stimulate the development of intellectual and innovative technologies, the knowledge-based economy key trends are summarized in the context of intellectual property based on institutional approach capitalization paradigm: accelerating the intellectual resources transformation into intellectual capital; correspondence of the remuneration received by the specialist to payment of knowledge; merging intellectual capital with financial. It is proved that the influence of institutions in the Ukrainian economy leads to a disproportion between the intellectual resources formation spheres and intellectual capital; the intellectual capital use by institutional conditions processes slowing down. The main directions of intellectual property sphere development in connection with the process of knowledge-based economy innovative development are offered. A set of measures has been developed for further development of intellectual potential and intellectual property market scaling in Ukraine, which will provide comparable in quality or superior to world best practices conditions for intellectual creativity.

IC & OI The impact of intellectual capital on organizational innovation

2020 ◽  
Vol 6 (7) ◽  
pp. 1257-1265
Author(s):  
Fouad El-Gamal
Keyword(s):  
Intellectual Capital ◽  
Middle Managers ◽  
Organizational Innovation ◽  
Sustainable Competitive Advantage ◽  
Dominant Dimension ◽  
Structural Capital ◽  
Corporate Innovation ◽  
Research Findings ◽  
The Impact ◽  
Depth Interviews

Intellectual capital can generate value for organizations and improve organizational innovation. This study aims to investigate the effects of intellectual capital on corporate innovation. Mixed research methodology approach has been used by combining both qualitative and quantitative analysis to explore and empirical examine the research model. The targeted population of interest is the licensed pharmaceutical manufactures, 90 organizations in the Egyptian pharmaceutical industry throughout its three main sectors (11 public, 70 local private and 9 MNCs). Statistical analyses are employed based on the questionnaires gathered from 39 pharmaceutical manufactures’ companies (44% response rate). In addition, sixty-three “63” in depth interviews have been conducted with both top and middle managers. The research findings indicate that all dimensions of intellectual capital (human, structural, and relational capital) have positive significant effects on organizational innovation of pharmaceutical manufactures’ companies. The study clarifies that the most dominant dimension is structural capital, which provides the largest and strongest support to pharmaceutical manufactures’ companies. The deep realization of the importance intellectual capital and its impact on innovation helps leaders to adopt accurate system to run organizational innovation in a better way, which lead to sustainable competitive advantage for organizations.

Tax Consulting as a Tool to Support Business Activities of Organizations

2018 ◽  
Vol 11 (3) ◽  
pp. 146-152
Author(s):  
L. M. Baburyan
Keyword(s):  
Business Development ◽  
Business Activity ◽  
Service Economy ◽  
Tax System ◽  
Dominant Logic ◽  
Separate Area ◽  
Research Findings ◽  
The Subject ◽  
Business Entities ◽  
Corporate Business

The subject of the research is tax consulting aimed at ensuring the proper business activity of organizations. The purpose of the research was is to substantiate the need for the tax consulting as a special tool for supporting corporate business activities. The paper deals with the current specifics of the tax consulting as a separate area of the service economy within the framework of the service-dominant logic concept that reflects the degree of involvement of all participants of financial relations in the tax consulting processes. From the standpoint of institutionalism, the tax consulting institution is regarded as a financial intermediary performing mediation or auxiliary functions to ensure interactions between basic agents of the economic system, in particular, communications between the state and business entities. Based on the research findings, it is concluded that a developed tax consulting institution as an integrated attribute of the tax system determines the levels of corporate business activities and business development. The research findings are intended for participants of the tax consulting and auditing market.

Violencet theory of state’s origin (conquest theory) in the interdisciplinary studies

2021 ◽  
pp. 106
Author(s):  
Arsen Z. Yenikeev
Keyword(s):  
State Theory ◽  
Interdisciplinary Studies ◽  
The State ◽  
Human Sciences ◽  
Theoretical Part ◽  
Further Development

The article reveals the topic of violence theory of the origin of state (theory of conquest) in the human sciences framework, as well as the studies of modern interdisciplinary researches (including anthropology, archeology, genetics, ethology, etc.). It is shown that with the further development of the methodological and theoretical part, the conquest theory has a relevant contribution to the analysis of the state genesis.

scholarly journals INTELLECTUAL POTENTIAL AS A KEY FACTOR OF FORMATION OF INTELLECTUAL CAPITAL OF UKRAINE’S HEI

2021 ◽  
Author(s):  
Hanna Stupniker ◽  
◽  
Valentina Babenko ◽  
Keyword(s):  
Higher Education ◽  
Intellectual Capital ◽  
National Economy ◽  
New Technologies ◽  
Higher Education Institutions ◽  
The State ◽  
Educational Institutions ◽  
Intellectual Activity ◽  
Theoretical Approaches ◽  
Intellectual Potential

Under the influence of globalization and integration of economic processes in the domestic economy, the importance of intellectual resources is growing. Based on its use in economic activities, enterprises and organizations are able to realize their intellectual capital. The main condition for the formation of this special type of capital is the presence of intellectual potential that arises in the process of manifestation of intellectual abilities and professional competencies of the company's staff. The intellectual component is the fundamental basis of the system of relations between science, industry and society. Therefore, educational institutions play an important role in raising the intellectual level of the national economy. The theoretical approaches to determining the economic essence of the intellectual capital of higher education institutions have beem summarized in this article and the main aspects of realizing the intellectual potential of educational and research institutions in Ukraine have been explored. The availability of intellectual capital allows scientific organizations to formalize and implement in the market various forms and types of knowledge: research, skills, experience, competencies, professional skills. The purchase of knowledge allows commercial organizations to significantly increase the level of their technical and technological solutions, develop know-how, to acquire ownership of the right to use knowledge in the form of patents, licenses, franchises. On this basis, the production of new products can be carried out; use of new technologies, new management methods; creation of a trademark; development of new activities; entering new markets. The implementation of the socio-economic policy of the state should be based on the intensification of intellectual activity of higher education institutions, because in market conditions it is the state that should stimulate educational institutions to form intellectual capital. The important role of intellectual capital of higher education institutions is manifested in the fact that it allows them to become intellectual enterprises and significantly affect the national economy by increasing its competitiveness.

scholarly journals Transition to the Knowledge-Based Economy within the Modernization Paradigm for the States in the Core and Semi-Periphery of the Global Economic System

2021 ◽  
Vol 3 (49) ◽  
pp. 117-123
Author(s):  
O. A. Dovgal ◽  
◽  
G. V. Dovhal ◽  
H. V. Serdiuk ◽  
◽  
...  
Keyword(s):  
Economic System ◽  
Intellectual Capital ◽  
Main Function ◽  
Economic Resource ◽  
The Core ◽  
Knowledge Based ◽  
Catching Up ◽  
Knowledge Based Economy ◽  
Innovative Model ◽  
Intellectual Production

Abstract: The article generalizes the features of modern transition from industrial to post-industrial (or knowledge-based) economy within the modernization paradigm for the states in the core and semi-periphery of the global economic system. It is proved that among the historical diversity of national modernization phenomena one can single out two alternative models: an innovative model and a catching-up one. It is substantiated that the innovative model is most typical for the countries forming the core of the world economic system, while the catching-up model is more typical for countries in the periphery of global development. It is revealed that modern intellectual production covers, first of all, economic sectors producing information and knowledge. At the same time, intellectual capital also functions in productive industries, influencing their indicators as well. That is why knowledge workers, who form the intellectual strata of society, are considered to be subjects of intangible intellectual production, the latter making up the core of knowledge economy. Their main function is to produce intellectual products (socially valuable knowledge), in contrast to groups, whose social function is to embody these values and knowledge. It should also be noted that concrete historical forms of knowledge objectivisation, ways of their reproduction and, accordingly, historical types of intellectual layers can differ considerably. It is concluded that knowledge-based economy is considered as a sphere of economic activity, which nowadays is characterized by intensive use of intellectual capital as the main economic resource, in the fields of material production as well.

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