Impact of Intellectual Capital in the framework of Knowledge Management for an efficient Human Capital Development within the organizations of the 21st century.

Abstract

No one can argue today that the development of Intellectual Capital and knowledge within the framework of strategic management is indispensable for a company to compete effectively. Market globalization, intense technological evolution and trends towards deregulation have changed the rules of the game. In this new context, the traditional sources of competitive advantage for companies, such as physical and financial assets, no longer provide sustainable differentiation over time, since they are available to all players competing in the market.

For this reason, the development of capabilities becomes a necessity. These distinctive capabilities must be difficult to imitate and are usually based on the competencies of individuals and on the strategic process that guides the company's future.

Intellectual Capital and Knowledge Management is becoming increasingly important as a basis for the development of organizational capabilities. This development undoubtedly involves both individual and collective learning. The consequence of all this is the growing concern of organizations to manage their organizational knowledge and measure their intellectual capital. To achieve this, we must approach the problem within the field of Strategic Management.

Intellectual capital within the framework of knowledge management is a frequent topic of treatment in the literature on business management, published by the most developed countries, due, among other reasons, to the importance currently given to information and knowledge as an essential resource to increase the competitiveness of an organization in the market.

Whatever the area of activity in which an organization operates: finance, business, economics, or other, it is an essential function for the identification of the resources available in a company. This article is an attempt to identify both levels and variables in the study of human capital, in its relationship with intellectual management and knowledge.