Maximizing the Intellectual Capital of the Organization Essay

2274 Words Mar 15th, 2014 10 Pages
Maximizing the intellectual capital of the organization

Table of contents

1. Introduction……………………………………………………….3 2. Definition of the concept………………………………………….4 3. Ways of maximization and important aspects IC………………....4 4. Conclusions………………………………………………………..5 5. Bibliography……………………………………………………….9
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Only if we know the basic values of a company, we will be able to manage them and to maximize their growth as the greatest values of the business activities are not always visible in financial reports. Intellectual capital can be considered as a lia- bilities item in the balance sheet showing the origin of some in- tangible property items such as goodwill, competence, expertise, wisdom, skills, talent, ability, technology, etc. In the world, the research on intellectual capital began while Serbia and Montenegro is at the very beginning. Managing in the global economy is generally known today and it is the most important phenomenon that influences both business flows and business activities. Such trend has changed the market and competition forces, requesting from managers changes in the way they react and solve problems. Today’s managers are more and more aware of the fact that a company’s advantage mainly depends on what does a company know, how will that knowledge be used, and how quickly can a company learn something new. The uncertainty of the environment becomes larger every day, and un- adapting means lagging behind the developing process, stagnating and collapsing. Today’s changes will bring not just new challenges and new knowledge, but also new people who will answer these challenges.
Usually, a market value of a company is much higher than its book value. There is a debit entry, ‘goodwill’, that

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