The use of intellectual capital in the financial management system of commercial organizations

Abstract

The article discusses various models of the structure of intellectual capital of commercial organizations. Despite the numerousness of these models, they do not fully reveal the depth and boundaries of this important element of corporate financial management. They are separated by the details and various aspects of assessing intellectual capital and its role in the success of commercial organizations. The article makes an important conclusion that the “deposit” state of intellectual capital without its activation and incorporation into other forms of capital does not provide a synergistic effect, which sharply weakens its role in the corporation’s achievement of economic success. An important component of the effective use of intellectual capital is a strategic approach to its application in the economic activities of commercial organizations. There is also no unity in methodological approaches when determining the efficiency of using intellectual capital. Intellectual capital management strategies cover different types of capital and the conditions of their interaction. Some strategies focus on the interaction of the structural elements of intellectual capital. The main result of all strategies is the conclusion that the management of intellectual capital should consist not only of its accumulation, but also of turning it into a competitive specific asset of the owner corporation.