Intellectual capital in the knowledge-based economy

W. Kozłowski
Ph.D, Associate Professor, University of Warmia and Mazury in Olsztyn, Polandadress

A. Rutkowska
MSc, University of Warmia and Mazury in Olsztyn, Polandadress

A. Płocharczyk
MSc, University of Warmia and Mazury in Olsztyn, Polandadress

A. Kowalkowski
Ph.D, University of Warmia and Mazury in Olsztyn, Polandadress

Cite this article:

Kozłowski, W., Rutkowska, A., Płocharczyk, A., Kowalkowski, A. (2015). Intellectual capital in the knowledge-based economy. Ed.: M. Zveryakov (ed.-in-ch.) and others, Socio-economic research bulletin; Vìsnik socìal’no-ekonomìčnih doslìdžen’ (ISSN 2313-4569), Odessa National Economic University, Odessa, Issue 4, No. 59, pp. 79-85.

Abstract

The considerations provided herein focus on intellectual capital as a concept that is gaining increasing significance in the functioning of business and public entities in the era of the knowledge-based economy. This paper aims to identify differences in the meaning and measurement of intellectual capital in the private and public sectors. In the light of the growing interest, triggered by marketisation, in the implementation of business solutions in the public sector, this paper provides the characteristics and comparative analysis, including differences in the use, of intellectual capital in both sectors. Regarding the public sector, the paper also points out potential advantages that reveal themselves, in particular, in relation to a change in the existing public administration officer and authority models that is based on the practice of business orientation towards the needs of a client in the process of providing public services.

Keywords

intellectual capital; private sector; public sector.

JEL classification: O340

UD classification: 339.166.5:37

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