The New Business World

Strengthening of Intellectual Capital Dimension

“…Structural capital refers to the particular knowledge possessed by an organization including information system, processes and data (Bontis, 1999), consists of corporate culture included values or behavior criteria, organizational structure included responsibilities & control, operational process and organizational knowledge assets and information system (Izvercian et al, 2013;Putri, 2016), contributes the most important to organizational performance (Daneshvar, 2017), dependent on human capital exists objectively and independent of human capital (Roos et al, 1998), had significant effect on the company's profitability (Putra et al, 2017).…”

“…Innovation capital is knowledge resources concerning business renewal and development such as intangible assets for developing new products or services and intellectual property (Edvinsson & Malone, 1997), intangible part of anything that can create value by improving financial capital or intellectual capital (Roos et al, 1998). Innovation as the application of intellectual capital for the purpose of growth and is hence the key process dimension in determining the wealth of nations (Chew & Sharma, 2014), described to process that combines tangible and intangible capabilities of nation to generate desired outcomes (Delgado-Verde et al, 2011), lead to further initiatives such as useful frameworks, analytical models or policy instruments to better estimate, create value, showcase or protect the intangible raw materials of innovation (Chew & Sharma, 2014).…”

“…Intellectual capital as totality of knowledge, translated into trademarks, processes and also brands (Roos et al, 1998), valued as an important strategic resource for sustainable competitive advantage (Smriti & Das, 2017), more economic freedom increases the return on investing in human capital (Feldmann, 2017), profit derived from knowledge (Sullivan, 2000), intellectual material consists of knowledge, information, intellectual property, experience that can be put to use to create wealth (Stewart, 1997), vital resource for strategic marketing and business management (Bontis & Fitz-Enz, 2002), intangible resources exist in the minds of men and embedded in organizational skills, corporate culture and behavior (Yongjun, 2013).…”

Supporting efforts to measure intellectual capital through the EFQM Model with the example of Hungarian National Quality Award winners

“…The pioneers of these studies were practising experts [25,29] as corporations themselves were the first ones to realise that present and future success of corporations depend less and less on the strategic allocation of physical and financial sources, but the strategic management of intellectual capital is becoming more and more important [4]. For the last 15 years several national and international efforts, projects have dealt with the identification and quantification of intellectual capital elements, establishing principles in connection with them [4,8,9,19,20,24].…”

Tools for Assessment of Intellectual Assets of Enterprise Based on Fuzzy Information

“…The most common classical models proved to be insufficiently effective, because they had several internal restrictions, determining the hard boundaries for their application in relation to innovative projects. The following two approaches are the most evident and suitable ones for company's intellectual capital management needs: strategy maps, developed by Kaplan and Norton [14] on the basis of Balanced Scorecard, and IC Navigator (Skandia Navigator), based on the research that Roos et al [27] had performed during their work at Skandia. These approaches are defined by the expert analytical qualitative model of intellectual assets assessment.…”