Importance of Intellectual Capital and Business Education as Global Topic in Development of Company International Business from the Perspective of Company Management

VSB-Technical University of Ostrava, Faculty of Economics, Department of Management, Sokolska trida 33, 702 00 Ostrava, Czech Republic

^* Corresponding author: lech.nierostek@vsb.cz

Abstract

Research background: The company intellectual capital is increasingly becoming a global topic. Modern countries building their development on knowledge are aware that intellectual capital, and therefore human capital, can become and becomes global capital not only in international companies. It will be also crucial for the concept Industry 4.0.

Purpose of the article: The aim is to find out how the company management approaches the skills and knowledge of its employees thus the intellectual capital, which is becoming a global topic and contributes to the company international business development.

Methods: The methodology begins with defining a research problem. Research questions are formulated, a questionnaire is created, the basic sample of respondents is identified and a pilot study and a semi-structured interview verifying some of the questionnaire questions are conducted. Subsequently, a questionnaire survey is realized. The data obtained are filled in the Excel software and the results are presented by figures and verbal description. By answering the research questions, the methodology is fulfilled.

Findings & Value added: The research revealed a great discrepancy between the assumed and declared state in the field of work with intellectual capital and employee’s education. It shows the weaknesses being relevant to our country as well as abroad. The results show random employees training, minimal identification of employees´ potential, low importance of services and products quality as well as insufficient interest in turning tacit knowledge into explicit, etc. Research conclusions and recommendations will become very actual even in the period after COVID-19.