EVALUATING INTELLECTUAL CAPITAL AND ITS INFLUENCE ON COMPANIES' PERFORMANCE - A CASE STUDY ON ROMANIA'S EXPERIENCE

The paper "Evaluating intellectual capital and its influence on companies' performance - a Case Study on Romania's Experience" aims at providing substantial arguments in order to show that intellectual capital has a great impact on companies' performance worldwide. First of all, this scientific work focuses on the literature review concerning the topic of intellectual capital, making a number of significant associations with the following elements: the impact of education on development; the impact of crisis on education; the importance of education on globalization; the links between education, intellectual capital, and companies' performance; the way of understanding the strategies, principles and challenges brought by the methods concerned with evaluating intellectual capital; the way of enhancing knowledge management experiences worldwide; the place of intellectual property rights while analyzing intellectual capital; and the role and the importance of intellectual capital on industry and business innovation. Second of all, this research presents both the necessity of evaluating the intellectual capital as well as some of the methods used in the process of evaluating the intellectual capital. Moreover, in order to show the importance of correctly evaluating the intellectual capital, the study offers a number of examples concerning Romania's experience and, in the same time, stresses the Romanian best practices models encountered in the last years. Third of all, in order to provide relevant data concerning the role, the importance and the influences brought by intellectual capital on companies' performance, the following research methods were used: the questioner, the interview and the focus group. Three Romanian companies were selected for the analysis, in order to provide relevant and reliable information concerning the role and the importance of intellectual capital. In total, a number of 150 individuals offered answers to the questioners prepared. Moreover, from these three Romanian companies, a total number of 15 individuals were interviewed. Furthermore, the results obtained both from the questioner as well as from the interviews sessions were presented and brought into discussion with the help of a focus group, a moment in which where debated the main findings and were also added new ones. All in all, the paper "Evaluating intellectual capital and its influence on companies' performance - a Case Study on Romania's Experience" offers relevant data concerning the importance and the methods used in evaluating intellectual capital and provides consistent arguments meant to create a link between intellectual capital and companies' performance.