Intellectual capital risk management for knowledge-based organizations

Abstract

Nowadays, Intellectual Capital (IC) is a dominant asset, which increases a company’s development and competitiveness on the market. The ability of IC to gain a competitive advantage in the market place allows the enterprise not only to be more efficient in the market, but also has an impact on its relationship and involvement with business partners during development process. However, it is worth mentioning that all components of IC created in the company combine and interact with each other in a unique way to contribute added value and can also generate a lot of threats in many fields. So, from that point of view, proper IC risk management can lead to increased competitiveness and wealth of the company on the global market. The main aim of this article is to describe types and determinants of IC risk and also to present a practical approach to the management of IC risk in knowledge-based organizations.