INNOVATION CAPITAL - A COMPONENT OF THE INTELLECTUAL CAPITAL OF AN ORGANIZATION

The functioning of enterprises is determined among others by the ability of creation, development and the use of the organization intellectual capital. It constitutes presently rather a large value of assets and its structure is unique and difficult to reproduce by the competition. It originates in the process of value creation based on co-operation of particular internal components. However, the relations which take place between them together determine its value. The innovation capital of the organization is doubtless such a component which reflects the ability of the organization to create value processes in the future as well as potential possibilities for creation of differences.