INTELLECTUAL CAPITAL AS A COMPANY’S COMPETITIVE ADVANTAGE THROUGH THE APPLICATION OF KNOWLEDGE-BASED SKILLS
Universitas Nasional, Jakarta, Indonesia
Internal resources, also known as intellectual capital, refer to all intangible assets owned by the organization/company. They contain three major components: human capital, relational capital, and structural capital as core competences. The growth of the knowledge-based economy is seen to be a result of the rising importance of intellectual capital in an organization or business. Intellectual capital is critical in defining a lasting competitive advantage, since it refers to an intangible static asset, an ideological process, and a tool for accomplishing goals. As such, this research seeks to define Intellectual Capital as a company’s competitive advantage as a result of the knowledge-based competencies carried by each employee. The qualitative descriptive approach employed in this article is a form of library research. As a result of this research, it is clear that for a business to have a lasting competitive edge, the company can depend on benefits from outside, such as natural resources, financial resources, availability of labour, and technological advances. Companies or organizations must start making a breakthrough by utilizing intellectual capital sourced internally from the company itself, both from employees and from the company itself; companies can build and develop skill-based knowledge by helping members to recognize and identify their knowledge needs, allowing members to discuss and debating related to skill-based learning measuring the impact of the existence of a knowledge-skill base, facilitating knowledge through organizational culture.
Keywords: Intellectual capital, Competitive Advantage, Knowledge-Based Skill.