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RESEARCH PRODUCT

INTELLECTUAL CAPITAL - KEY FACTOR IN ORGANIZATION DEVELOPMENT

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description

Intellectual Capital (IC) is an important component of an organization's capital, being the primary resource of development and also of value creation in almost all sectors of economic life. In order to be used and explored with maximum efficiency, intellectual capital must be an integral part of the organization's strategic development plan. In the literature, the concept of intellectual capital was accepted, in fact designating the triumph of economic reasons. The emergence and development of this concept increasingly emphasizes the correlation with the technological progress and the continuous development. The purpose of this paper is to highlight the value and importance of intellectual capital - competitive advantage in any organization.