Intellectual Capital and its Importance for an Entrepreneurial IT Company in the Period to Come

Milenkovski, Bozidar and Nikolovski, Sasho and Rendevski, Nikola (2023) Intellectual Capital and its Importance for an Entrepreneurial IT Company in the Period to Come. In: 13th International Conference on Applied Internet and Information Technologies AIIT2023, October 13th, Bitola, Rebublic North Macedonia.

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Abstract

The main forces today that initiate changeѕ are globalization, the consequences of the
health crisis caused by the Covid-19 pandemic, energy crisis, economic crisis, new
technologies, increased competition, changes in consumer demands, etc. All these factors
force entrepreneurial IT companies to adapt better, to respond faster to business
challenges and proactively to shape the activities in which they operate.
Additionally, in the last few decades, there are large differences between the market and
accounting values of the companies in general. Many authors believe that this difference
is due to the value of the intangible assets of the companies i.e. their intellectual capital.
Therefore, it is needed more detailed analysis of the impact of IT company’s intellectual
capital on its business performance because IT companies that use intellectual capital in
their operations and at the same time practice an entrepreneurial way of managing
processes (innovation, creativity, taking risks) are in a better position to maintain their
current competitiveness as well as to develop a new one.
Hence, this paper aims to analyze the importance of intellectual capital for
entrepreneurial IT companies in the period to come especially when the future seems
more uncertain and unpredictable than ever before.

Item Type:	Conference or Workshop Item (Paper)
Subjects:	Scientific Fields (Frascati) > Natural sciences > Computer and information sciences Scientific Fields (Frascati) > Social Sciences > Economics and Business
Divisions:	Faculty of Information and Communication Technologies
Depositing User:	Prof. d-r. Andrijana Bocevska
Date Deposited:	11 Dec 2023 17:42
Last Modified:	11 Dec 2023 17:42
URI:	https://eprints.uklo.edu.mk/id/eprint/9392

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