Intellectual Capital

Intellectual capital is the knowledge gained by managing the business relationship network, which is considered a key point for a business. As you have the intellectual capital, it becomes easier to ensure the future of the business. Because as economic competition increases and becomes global, it becomes more difficult for businesses to maintain their existence and requires more labor.

Intellectual capital can be divided into three parts:

Human capital: It refers to the human knowledge and experience of the employees of the business. Its importance for the business is more than it can be seen with the naked eye.

Structural capital: It is the capital that includes the intellectual property elements and superstructure elements and directly represents the policy of the enterprise.

Customer capital: It represents the value of the work done in the eyes of society and is blended with the situation assessment of the business.

As a result; in the information age; reasons such as globalization, new technological developments and competitive environment have forced businesses to prepare new strategies and think differently from their competitors. Although not included in the financial statements, intellectual capital provides added value to businesses and adds sustainable competitiveness. Therefore, the qualifications, commitment and creativity of the employees are the most important development elements.

Businesses should make accurate analyzes of their employees from the lower level to the upper level and aim to benefit from their knowledge and experience at the highest level.