INTELLECTUAL CAPITAL AS A STRATEGIC RESOURCE OF FAMILY ENTERPRISES

Abstract

The paper focuses on understanding the central issues related to intellectual capital with afocus on family businesses. Intellectual capital is becoming a resource of primordialimportance for the creation of economic wealth. It is indisputable that tangible assetscontinue to be an important factor in the production of both goods and services, noting thattheir relative importance decreases over time, while the importance of intangible assets basedon knowledge increases. The ability of a company to use intellectual capital is perhaps agreater key to profitability than the very existence of a "stock" of knowledge.