JUSTIFICATION FOR THE NEED TO BUILD AND DEVELOP INTELLECTUAL CAPITAL IN ORGANIZATIONS IN THE REPUBLIC OF KAZAKHSTAN

Abstract

       This study examines the necessity of forming and developing intellectual capital in organizations within the country, given that the current stage of economic development is characterized by a transition from an industrial economy based on factors of production to a knowledge-based economy. Under these conditions, intellectual capital is recognized as the primary asset and main source of wealth for any organization, surpassing natural resources, technology, and even financial capital in importance. The effective use of intellectual capital ensures competitiveness and generates additional profits through unique advantages. Intellectual capital management in a highly competitive environment becomes a targeted process that ensures the sustainable development of the organization.

         This article examines the essence of intellectual capital, its structure, and the imperative need for its formation and development in modern organizations. The article analyzes the main mechanisms through which the key components of intellectual capital—human capital, structural capital, and consumer capital—influence an organization’s activities. It describes approaches to evaluating each of these components and their impact on economic indicators.

         Based on an analysis of the components of intellectual capital, their main characteristics and properties are identified, the fundamentals of their impact on organizational indicators are revealed, and the necessity of their formation and development is substantiated.

         The results of international quantitative and qualitative studies assessing the impact of intellectual capital and its components on the performance of organizations in Kazakhstan are analyzed. Approaches are proposed for improving intellectual capital in future research through the introduction of new methods for evaluating its components and the utilization of competitive advantages created by intellectual capital as the sum of all its components.