The Role of Intellectual Capital Value in the Organization

Abstract

In today's knowledge-based economy, intellectual capital has more important value compared to physical capital so that this capital can be a strategic tool for all organizations. Intellectual capital is the knowledge that an organization is able to use it in its business processes in order to create value for the company. Intellectual capital is created by science and can play the most effective role in the success of the organization. Intellectual capital management is crucial for long-term success of company.