Final definitions and description of IC
| IC definition | Capital that emerges from the interaction of “human resources” ability to think and to create ideas [25-28] with “favorable internal and external organizational environment” (including the managerial, social, structural and physical environment, as well as communication between the inside and the outside of the organization) [25, 29]. This capital will gradually increase with education, skills training and through staff and managers gaining more experience and also with structure development and with building inter-relations within the market [30-32] and will empower the organization to adapt to continually changing circumstances and will lead to competitive value [25-27, 31] and profit [26, 31, 33, 34] |
| IC description | Intellectual resource consists of thinking and idea-generating abilities that emerge from creativity, innate talents, capacities and competencies of employees. It is non-material and intangible and is not directly measurable or recorded as an asset [25, 29, 31] Although a portion of intellectual resource could develop to become IC even in seemingly non-favorable environments, a great portion of IC emerges from the interaction between the ability of human resource to think and create ideas [25, 29-31] and a favorable internal and external organizational environment (managerial, social, structural, physical and communication within and outside of the organization) [29, 32], and it creates added value in the organization. IC would gradually increase along with education, training and the increasing experience of personnel and also with further development of structures and inter-relations with the market [26-28]. IC would lead to better dynamism and innovation and the creation of new products and services. IC makes organizations capable of continuous adaptation in changing conditions that ultimately lead to competitive value and profit. This capital clearly shows its value in the health market and is vital for organizations [25, 26, 29, 30, 33, 34] |
| IC definition | Capital that emerges from the interaction of “human resources” ability to think and to create ideas |
| IC description | Intellectual resource consists of thinking and idea-generating abilities that emerge from creativity, innate talents, capacities and competencies of employees. It is non-material and intangible and is not directly measurable or recorded as an asset |