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Transdisciplinary Approach to Increase of Company's Intellectual Capital Management Efficiency

Journal: Oblik i finansi (Vol.1, No. 83)

Publication Date:

Authors : ; ;

Page : 49-54

Keywords : secondary intellectual capital; business life cycle; intellectual capital; human capital; primary intellectual capital; structural capital;

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The Fourth Industrial Revolution entails the emergence of a fundamentally new type of industrial production, in which intellectual capital will play the role of the most important factor of production. This necessitates the operative and rational management of its components in order to achieve the complex implementation of the company's competitive advantages. Stakeholders need high-quality information and analytical support to increase the efficiency of company's intellectual capital use. The goal of the paper is to determine the priority of financing the elements of primary (human capital) and secondary (structural capital) intellectual capital based on accounting data and financial statements which are determined at the various stages of business life cycle in order to maximize the results of its activities. Methods of analysis and synthesis, modeling, tables and graphics research are used that to achieve this goal. The authors analyze the existing classifications of intellectual capital and define the financial indicators of primary intellectual capital and secondary intellectual capital at different stages of business life cycle. The cost of primary intellectual capital is proposed to include: wage and bonus; training and professional development of employees; certification of personnel; additional pension provision; business trips, participation and conducting of exhibitions, presentations; recruiting. Instead, capitalized costs should be attributed to the value of secondary intellectual capital, in particular: for intellectual property and information infrastructure; licenses; registered trademarks; franchises, etc. In addition, the elements of secondary intellectual capital are reflected in period costs (costs for the formation, support and development of corporate culture, customer base, research and development, structural reorganization, etc.). The authors propose a matrix of priority financing of components of intellectual capital at various stages of business life cycle.

Last modified: 2019-04-05 22:30:55