Intellectual capital as an important element of knowledge management
Intellectual capital as an important element of knowledge management

Summary/Abstract: In modern organizations intellectual capital is becoming an increasingly important resource. Hard assets are clearly losing their importance and non-material resources are gaining in it. Non-material resource management of organization may be held by means of intellectual capital management and knowledge management. In this article an attempt to present a model of knowledge management has been made with particular emphasis on intellectual capital. Knowledge management should result in the appropriate generating of changes of knowledge resources and ultimately to the development of intellectual capital. Therefore the need for different approaches to the modeling of this system arises, which may contribute to the increasingly effective use of knowledge in each organization.

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