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1 Optimum. Studia Ekonomiczne

1 2008

1 Michalczuk G.

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INNOVATION CAPITAL - A COMPONENT OF THE INTELLECTUAL CAPITAL OF AN ORGANIZATION

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Michalczuk G.

Optimum. Studia Ekonomiczne

2008

nr 3(39)

119-128

The functioning of enterprises is determined among others by the ability of creation, development and the use of the organization intellectual capital. It constitutes presently rather a large value of assets and its structure is unique and difficult to reproduce by the competition. It originates in the process of value creation based on co-operation of particular internal components. However, the relations which take place between them together determine its value. The innovation capital of the organization is doubtless such a component which reflects the ability of the organization to create value processes in the future as well as potential possibilities for creation of differences.