The role of intellectual capital management on the empowerment of organizations

Abstract

The economy which is based on knowledge and intellectual capital cause the organizations to improve themselves and their products. The most successful companies are the ones which know how to make use of this intangible property in a better and fast way. Intellectual capitals include knowledge, information, intellectual wealth and experience that can be fortune generating for the company. Intellectual capital is a group of collective mental abilities or key knowledge which can act as a source to increase organizational competence and improve business performance. Empowerment is an essential management tool that can be used in directing human resources in order to increase productivity. Nowadays, intellectual knowledge and capital are used in creation and increase of value and organizational empowerment. The present study which is a descriptive and analytical research attempts to define and clarify intellectual capital and knowledge management and their dimensions; it also aims at investigating the role of intellectual capitals on organizational empowerment.