Abstract
The article views the structure of an organization’s intellectual human capital, which integrates both employees’ intellectual, professional and personal abilities to perform innovation activity and their results achieved in the process of this activity. The authors prove the role of intellectual human capital in improving an organization’s innovation activity. Basing on the cost, income, expert and psychological approaches, the article develops the intellectual capital monetary valuation model focused on an increase in the objectivity of measuring its value by means of the individual intellectual and performance report. The application of this model is aimed at activating the innovative development of social and economic entities by increasing the quality and efficiency of intellectual human capital
Highlights
In the light of the recent external political challenges, an increase in the efficiency of Russia’s innovative activity is one of the necessary conditions to transit to a new economic policy focused on accelerating socio-economic development, on technological renovation and knowledge economy.In the present time, the problem of organizations’ low innovation activity is extremely urgent
This situation mostly deals with the unsatisfied condition of intellectual human capital integrating two interrelated elements – intellectual potential and the results of the innovation activity of labour resources
The objective of this research is to develop the intellectual human capital model of monetary evaluation focused on intensifying the innovation activity of an organization
Summary
In the light of the recent external political challenges, an increase in the efficiency of Russia’s innovative activity is one of the necessary conditions to transit to a new economic policy focused on accelerating socio-economic development, on technological renovation and knowledge economy. The problem of organizations’ low innovation activity is extremely urgent. According to the official statistical data, the percent of organizations that implement technological, organizational and marketing innovations is 10.5% and tends to decrease (Figure). According to the official statistical data, the percent of organizations that implement technological, organizational and marketing innovations is 10.5% and tends to decrease (Figure1) This situation mostly deals with the unsatisfied condition of intellectual human capital integrating two interrelated elements – intellectual potential and the results of the innovation activity of labour resources. As evidenced by the Global Competitive Report 2014–2015, Russia is ranked 53rd out of 144 countries, in part due to its weak positions based on the human factorrelated indicators: Quality of the educational system – 83; Quality of management schools – 104; Availability of scientists and engineers – 70; Country capacity to retain talent – 103; Country capacity to attract talent – 92; Reliance on professional management – 85; Cooperation in labor-employer relations – 89; Firm-level technology absorption – 98; Capacity for innova-
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