Intellectual Capital as a Factor Forming Economic Security of Enterprises in Society 5.0

Author:

Ievgeniia Mishchuk1ORCID,Yekateryna Riabykina2,Natalya Ushenko3ORCID,Oksana Hamova4ORCID,Sergii Tkachenko5,Natalia Yastremska6ORCID

Affiliation:

1. Department of Accounting, Taxation, Public Management and Administration Kryvyi Rih National University 11 Vitaliy Matusevych Str., Kryvyi Rih, 50027

2. Department of Enterprise Economics, Organization and Management of enterprises Kryvyi Rih National University 11 Vitaliy Matusevych Str., Kryvyi Rih, 50027 UKRAINE

3. Department of Finance and Economics Borys Grinchenko Kyiv University 18/2 Bulvarno-Kudriavska Str., Kyiv, 04053 UKRAINE

4. Department International Economics, Natural Resources and Economics of International Tourism Zaporizhzhia National University 66 Zhukovsky Str., Zaporizhzhia, 69600 UKRAINE

5. Department of Mechanics Zaporizhzhia Polytechnic National University 64 Zhukovsky Str., Zaporizhzhia, 69063 UKRAINE

6. Department of State and Legal Disciplines Donetsk State University of Internal Affairs 21 S. Tilgyi Str., Kryvyi Rih, 50065 UKRAINE

Abstract

The article shows that in Society 5. 0 intellectual capital is a key factor forming economic security of enterprises. The priority of structural components of intellectual capital as a factor of enterprise economic security formation is determined. Features of mining and beneficiation enterprises operation are considered while structuring intellectual capital. The resulting criteria for assessing efficiency of the intellectual capital use during economic security formation are established. Three key groups of competences of personnel necessary for economic security formation are identified. It is substantiated that organic connection of intellectual capital structural elements will enable forming economic security of the enterprise during the current period and providing economic security parameters in the long term. Based on the data obtained from mining and beneficiation enterprises, it is demonstrated that this will be possible due to growth of an innovative level of technological processes which will contribute to product quality enhancement that, in turn, will expand the client base.

Publisher

World Scientific and Engineering Academy and Society (WSEAS)

Subject

Economics and Econometrics,Finance,Business and International Management

Reference28 articles.

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2. Baulina T.V. Intellectual capital: a strategic resource for the transformation of national economy: monograph, Kyiv: MNTU Yu. Bugaya, Vyshemirsky Publishing House, 2009, 276 р.

3. Kovtunenko K.V. The main approaches to the formation of intellectual capital: content and role in the innovative development of the enterprise, Development economics, No. 3, 2013, рр. 59 – 62.

4. Tkachenko A.O. The concept and structure of intellectual capital of the enterprise, Development Management, No.12, 2013, рр. 27–29.

5. Topilnytska Ya.O. Features of modern management of intellectual capital joint-stock companies, Bulletin of the Odessa National University, Economy, No. 2(1), 2013, рр. 171– 174.

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