There is a great deal changing today in the way firm to compete. Over last deCtllk. severtJI driving udforce have emerged such as globalization of business and intemationalcompetition sophisticated udcustomers, competitor, and supplier increased technological capability, shortening of production udlife cycle. Among the changes, Icnowledge management and intellectual capital management have udprobably made the most outstanding impact, the advent of the. Icnowledge economy. Sneral udcharacteristics define the Icnowledge economy are it's focused on intangible resorm:es rather than udtangible resources, it's has a hypercompetitive business environment, it's digital. it'S virtual, and udit'S networked In the new Icnowledge economy, intellectual capital has become the one and only udcompetitive advantage of a firm. Intellectual capital include three dimentions that is human CIlpital, udstructural capital and customer capital. Intellectual capital plays an important role;" determine the udsucces of innovation strategy in a company. Companies need to manage the strategic resources and udIcnowledge through. a sistematic thin1cing so that intellectual capital. can give. contribution to udinnovation strategy dan enhance the fum's operational performance.
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