The Importance of Intellectual Capital in Managing the Strategic Challenges Facing Business Organizations

(Descriptive analytical comparisons of a group of previous studies for the period from 2009 to 2022)

Abstract

The study aimed to know the importance of intellectual capital in managing the strategic challenges facing business organizations:Analytical and descriptive comparisons to a group of previous studies for the period from (2009 to 2022). Her problem was summed up in asking the following question: Is intellectual capital important in managing the strategic challenges facing business organizations?.The study assumed the following: (1) There is no importance for intellectual capital in managing the various strategic challenges facing business organizations,(2) There is no importance for intellectual capital and its dimensions and components in the development of the various activities of business organizations.The study used the comparative analytical descriptive method.The study reached a number of results, the most important of which are:(1) The existence of the importance of intellectual capital in managing the strategic challenges facing business organizations (competition challenges, challenges of sustainability and continuity, challenges of organizational change, challenges of development, challenges of managing crises and future risks, challenges of managing and confronting the various external environment variables, management challenges The various variables that occur in the internal environment of organizations).(2) The existence of the importance of intellectual capital, its dimensions and components (human capital, structural capital, relationship capital, intellectual assets and intellectual property) in the development of the various activities of business organizations.Finally, the study recommended the following:(8)The need for senior management to pay attention to business organizations in creating the environment (psychological, social, practical, administrative, communicative and organizational) to effectively preserve their intellectual capital.(9) The senior management of the various business organizations should use all methods of stimulation (material, moral, intellectual and creative) to raise the morale and creative spirit of their intellectual capital in the completion of all practical, administrative and strategic activities.(10)The senior management of various business organizations should be concerned with using their intellectual capital as resources (current and scarce strategy) that support their competitive and strategic positions in various local and international business environments.