Small business survival in highly unstable environments how intellectual capital and resilience can help

For any kind of business, some factors play a major role in increasing competitiveness. Intellectual capital (IC) is undoubtedly one of them. Any claim that various intangible assets and resources can make a significant impact on performance would not be an exaggeration.

It has become widely accepted that human capital, organizational capital and external capital are the core dimensions of IC. However, some conceptualizations also incorporate such as religious faith and different social principles as additional categories.

With IC, human capital is regarded as its central component. Various definitions prevail and include a range of capabilities and personal traits. Although...