Intellectual capital knowledge management: organizational value creation

Abstract

In the knowledge-based economy, products and organizations ensure their survival based on knowledge; the most successful organizations are those which are using these intangible assets better and faster. Studies have shown that, unlike return loss of traditional sources, knowledge is really a resource to increase the value of organizations and to gain competitive advantage and business performance. In strategic perspective, nowadays, knowledge and intellectual capital are used to create and enhance organizational value, and the success of an organization depends on its ability to manage these scarce resources. So, mental assets and the knowledge of individuals are as important as other financial and physical assets of organizations, recently. In organizations, the important matter ­is the role of knowledge and intellectual capital, which are trying to efficiently manage them so that in their processes they can effectively use these key capitals to get to a higher positions. This paper examined the relationship between intellectual capital and knowledge management ­ and their roles in creating ­Organizational value.