Intellectual capital management practices in Finnish companies

Purpose: The present study has as its aim to identify the organizational management practices that involve intellectual capital as facilitators of innovation in its diverse formats, in Ecuador-based shrimp exporting companies.Design/methodology: The research of a qualitative nature was based on the Grounded Theory as a support for data analysis and collection. The personal interview was used in order to obtain the text corpus. The five resulting clusters served as the basis to apply inductive processes: open coding; axial coding; and selective coding, as a methodological activity meant to help interpret concepts and relationships.Findings: The organizational practices associated with intellectual capital in shrimp exporting companies are focused on structural and human capital management, where innovation has developed from the demands for the implementation of quality management systems in accordance with international regulations.Research limitations/implications: The main contribution made by the present study lies in establishing a primary reference framework for the design of strategic alternatives that involve strengthening intellectual capital as a way to generate sustainable competitive advantages in the companies belonging to this sector.Social implications: Shrimp exports, which stand out for being one of the most significant sources of income in Ecuador, contribute to local development by means of employment generation, mainly in rural communities. The exposure to organizational routines linked to intellectual capital provides a chance to come closer to the reality of this sector. This can prove useful for executives and public policy managers to prioritize an approach which influences the generation and maintenance of competitiveness at a firm level, and also impacts on the development of the regions where such business are located.Originality/value: Faced with the absence of works applied to this sector, the present work explores the reality of shrimp exporting companies, seeking to define a framework for the understanding of intellectual capital management, which might eventually imply a reference point for the design of strategies aimed at strengthening competitive positioning.

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STARTUP PROJECT DEVELOPMENT AS A BASIS FOR THE DEVELOPMENT OF INTELLECTUAL CAPITAL, MANAGEMENT AND INCREASING COMPETITIVENESS

HERALD of Khmelnytskyi national university ◽

10.31891/2307-5740-2020-288-6-31 ◽

2020 ◽

Vol 288 (6) ◽

pp. 187-193

Author(s):

O. Garafonova ◽

◽

Y. Lazarenko ◽

V. Marhasova ◽

I. YashcHenko ◽

...

Keyword(s):

Intellectual Capital ◽

Management Practices ◽

Essential Feature ◽

Methodological Approach ◽

Fundamental Property ◽

Time Constraint ◽

High Tech ◽

Capital Management ◽

Intellectual Capital Management ◽

Business Design

The situation of variability, uncertainty, complexity and ambiguity of the environment requires companies to use a creative approach to business design and management. The ability to adapt, organizational flexibility and maneuverability of businesses is provided by a creative approach to their design and innovative development of these systems. In the current situation, companies must look for radically new approaches to business design and management practices that correspond to the state of their environment. It is through the innovative and creative approach that the constant competitive advantages of enterprises are formed. From the author’s point of view, a project is a plan limited in time and resources, the purpose of which is to create a unique result. The time constraint implies that the project must have a fixed beginning and a fixed end. The end comes when the goals of the project are achieved, or when it becomes clear that the goals will not or cannot be achieved, or when the need for the project is gone and it is stopped. Time constraint means short-term; many projects can take several years. Time frames, as a rule, do not belong to the product, service or result created during the project. Most projects are carried out to achieve a sustainable, lasting result. Uniqueness means that a product or service has characteristic differences from all similar products or services. The presence of repetitive elements does not change the fundamental property of the uniqueness of the project. Uniqueness is an essential feature of the project, ie the implementation of routine tasks can not be the subject of the project. This does not mean that there should be no duplicate elements in the project. The article presents a theoretical and methodological approach to assessing the development of intellectual capital, management through the development of startup projects. The formed institutional-analytical basis is the basis for increasing competitiveness and management. A feature of the effective implementation of a startup project is the need for a very high intellectual and professional level of entrepreneurs and managers. Their knowledge and experience should lie at the intersection of basic and applied sciences, innovation management, knowledge of high-tech industries.

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