INTELLECTUAL CAPITAL IN THE THEORY OF THE FIRM
INTELLECTUAL CAPITAL IN THE THEORY OF THE FIRM
Author(s): Bojan Krstić, Tamara RađenovićSubject(s): Business Economy / Management, Human Resources in Economy, Socio-Economic Research
Published by: Društvo ekonomista "Ekonomika" Niš
Keywords: ntellectual capital;theory of a firm;resource-based view;dynamic capabilities;knowledge-based view;
Summary/Abstract: Intellectual capital has an inevitable role in the value creation process and represents significant determinant of the firms’ market success. In the contemporary circumstances, firms achieve and sustain their competitive advantages by mobilising and profitably exploiting intellectual resources. Therefore, the aim of this paper is to overview the evolutionary process of intellectual capital through theoretical examinations of different theories. The first notion of intellectual capital is connected with the resource-based view, then the dynamic capabilities and finally, the knowledge-based approach. The paper points toward increased importance of intellectual capital in contemporary circumstances.
Journal: Економика - Часопис за економску теорију и праксу и друштвена питања
- Issue Year: 2017
- Issue No: 4
- Page Range: 13-27
- Page Count: 14
- Language: English