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The Intelectual Capital In Knowledge-Based Society And Economy

Author

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  • Remus Mircea Sabau

    () ("Vasile Goldis" Western University of Arad, Faculty of Economic Sciences)

Abstract

The management improvement in the educational public institutions from Romania owns an undeniable priority in each state government. The necessity of the changes in institutional management related to the administrative system and, mainly, to the management of the intellectual capital defines the utility and the efficiency of meeting the necessities in the respective educational environment and sets as one of the main problems, recently emerged, the elaboration of a number of structural-organisational and functional-operational measures, stimulating management modernization at an educational level, including the higher education institutions, with a main reference to the intellectual capital.In the national literature, these problems are not highly scientifically examined. In my opinion, in Romania, at present there isn’t any well-defined framework in connection with the management of the intellectual capital from the educational institutions. That’s why I considered that this isn’t just an actual topic but it is also a central subject. I’m convinced that a more thorough examination of the intellectual capital will be able to contribute on a long and a medium term to the administrative growth and development. The intellectual capital has a key role in the international relations development and triggers, in my opinion, radical structural changes, which are very important for the amplification of the educational institutions value. The ability to create, use and increase the intellectual capital value is, in my opinion, the foundation on which it is based the public management of educational institutions in a country, the welfare and the life quality for her citizens. The knowledge valorification is a long process, which doesn’t offer rapid results. But the effects of promoting and propagating of knowledge are, firstly, on a qualitative structural level and can lead to beneficial effects on long term.In my opinion, in countries in course of development, knowledge itself isn’t yet perceived as an active which can be used at its maximum capacity. As a consequence, in my opinion, both the real management and the researches in the management domain should be oriented especially towards this subject.The main aim of this article is to underline the managerial essence of the intellectual capital and to highlight its effects on the organisational performance of an educational institution – and at the same time- to determine managers, generally, and top managers, especially, from educational institutions in Romania, to understand the intellectual capital management importance. The main objectives which I have proposed myself to attain in this paper are science-oriented especially, meaning that I have tried to illustrate the place and the role of the intellectual capital for the socio-economical development, as well as the most important characteristics of the intellectual capital intended to facilitate the creating of the management institutional framework and proficient management of the intellectual capital under the conditions of changing specific to a society and an economy based on knowledge.

Suggested Citation

  • Remus Mircea Sabau, 2012. "The Intelectual Capital In Knowledge-Based Society And Economy," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 1072-1080, July.
  • Handle: RePEc:ora:journl:v:1:y:2012:i:1:p:1072-1080
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    File URL: http://anale.steconomiceuoradea.ro/volume/2012/n1/158.pdf
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    References listed on IDEAS

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    1. Luigi Dumitrescu & Mircea Fuciu, 2010. "The Role Of Database Marketing In The Operationalization Of The Services Relationship Marketing," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 5(1), pages 80-91, april.
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    More about this item

    Keywords

    intellectual capital; management; knowledge; economy; performance.;

    JEL classification:

    • K11 - Law and Economics - - Basic Areas of Law - - - Property Law
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation

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