| Abstract [eng] |
88 pages, 6 tables, 18 figures, 37 references. Innovation and creation of new products, good, services, methods of manufacturing and etc. are base of economic development and growth of overall well-being of all the members of society. Innovations are very important as they help to make our life easier, solve issue, such as cure diseases, also innovations are important as a creative representation of people’s mind and ability to make things. For business innovations and their application are essential part of growth. Company´s ability to innovate, increase intellectual capital, came up with new ideas on how the processes should be implemented, introduction of the new products or services into the market are necessary to create a competitive advantage to other market players. The relevancy of this topic is the importance and impact of the intellectual capital management in the value creation process of international companies. The aim of the thesis is to determine how intellectual capital is managed in „TELTONIKA IoT GROUP“ companies (6 companies in Lithuania and 18 companies abroad) and prepare recommendations and proposals for using intellectual capital as additional effective resource of value creation. The problem of the paper: How intellectual capital and its management is used in practice for creating value in international companies? The aim: after analyzing the scientific approaches to the company's intellectual capital and developing a model for assessing the intellectual capital management in international companies, to determine the intellectual capital management recommendations. The main tasks are: 1. to analyze definitions and components of intellectual capital of international companies, 2. to examine components of intellectual capital from management perspective and determine models of intellectual capital management, 3. to investigate the importance of intellectual capital management in „TELTONIKA IoT GROUP“ companies, 4. to prepare recommendations and proposals for the future practical integration of intellectual capital as organizational resource in a long-term strategy of „TELTONIKA IoT GROUP“ companies. The methods are used - scientific literature, publications and articles analysis, semi-structured interview with the Executives of „TELTONIKA IoT GROUP“ companies, semi-structured interview with the employees of Human Resource Department of „TELTONIKA IoT GROUP“ company. The structure of the paper: the paper is composed of three main parts. First part is dedicated to theoretical analysis of intellectual capital. In the second part of the paper the methodology and the structure of the investigation is defined. Finally, in the last part of this paper, investigation on intellectual capital is carried out and conclusions presented. The research results showed that organization is using various intellectual capital evaluation and management models but they are more related to human capital. The intellectual capital evaluation and management models have been analyzed and reviewed from all organization activities and also outlined more complex intellectual capital evaluation indicators system, covering not only human resources management, but also financial data and international market activities. |
