Tremendous progress has been made in industry including artificial intelligence, robotics and 4th generation of industry. People in most countries work smarter, hard work is supplied by machines and automatics do constantly repeated operations. Modern technology has made work smarter, quicker and more precise than human works. But there are still many problems to tackle. Tension on effective work is much than higher. Companies prioritize well educated people. The value of the company is measured not only by the level of financial capital, either intellectual capital is also rated. There are economic reasons for prioritizing effectivity in industrial development, and intellectual capital increasing level of effectivity. On the other hand, there are some arguments for prioritizing social and ethical responsibility. Economic growth could not be the only reason for development in business. In addition, involvement in corruption scandals and environmental accidents can severely damage the reputation of a company. Innovation in management is needed. Some results of investigations in that area suggested that ethical leadership could gain negative consequences of human behavior. Finally, it has been found that the development in ethical leadership could bring the benefits for employee and employers and can increase level of productivity and thus profits of companies. The main aim of the article is to describe an investigation of ethical leadership influence on companies.
Research background: The company intellectual capital is increasingly becoming a global topic. Modern countries building their development on knowledge are aware that intellectual capital, and therefore human capital, can become and becomes global capital not only in international companies. It will be also crucial for the concept Industry 4.0. Purpose of the article: The aim is to find out how the company management approaches the skills and knowledge of its employees thus the intellectual capital, which is becoming a global topic and contributes to the company international business development. Methods: The methodology begins with defining a research problem. Research questions are formulated, a questionnaire is created, the basic sample of respondents is identified and a pilot study and a semi-structured interview verifying some of the questionnaire questions are conducted. Subsequently, a questionnaire survey is realized. The data obtained are filled in the Excel software and the results are presented by figures and verbal description. By answering the research questions, the methodology is fulfilled. Findings & Value added: The research revealed a great discrepancy between the assumed and declared state in the field of work with intellectual capital and employee’s education. It shows the weaknesses being relevant to our country as well as abroad. The results show random employees training, minimal identification of employees´ potential, low importance of services and products quality as well as insufficient interest in turning tacit knowledge into explicit, etc. Research conclusions and recommendations will become very actual even in the period after COVID-19.
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