Intellectual Capital Management – A New Model

In order to gain competitive advantage organizations need more efficient use of intellectual capital. Therefore, management of intellectual capital has become one of the functions of growth in companies today. Focus on managing intelectul capital is due to the role intelectula competencies and knowledge in contemporary business which is significant. The most common terms for intellectual capital management functions at the organizational level are competence management and competence development. Managers conduct activities to manage intellectual capital in the need for knowledge on personnel competencies and their development in operative functions. The literature presents a series of intellectual capital management models, most belonging to the researchers in the Nordic countries. The aim of this paper is to developea new model of managing intellectual capital that improve the existing models. Thus, by using the proposed model is expected that the relationship between intellectual capital management and strategy of a company should intensify on medium term.