Why do we have to take examples from others?

• Author: Lidia-Gabriela Herciu
• Pages: 102-110

Why do we have to take examples from others?

PhD. student Lidia-Gabriela HERCIU

1

Abstract

Intellectual capital is an up to date concept. The term intellectual capital (IC)

has been used for the first time in 1836 by William Nassau Senior, economist, when he

was pointing out that the IC of Great Britan has exceeded by far all the material capital,

not only in importance, but also in productivity. The world has evolved since 1836 up

until now. Industrial economy has been, step by step, replaced by the knowledge economy.

This replacement process started in 1959. It was Peter F. Drucker who drew attention to

knowledge economy. IC came from 3 diffrent spheres: econ omics, management and ac-

counting and became attractive to academics. Therefore, reaserchers could use IC in

order to create new toolsthat produced essential change. We refer particulary to The

Intellectual Capital of the State of Israel Report that bec ame an instrument to promote

Israel. The purpose of this paper is to analyse the role and the importance of intellectual

capital in developing communities, with a focus on Romania and how IC could help Ro-

mania to develop in the near or distant future. The reasearch emphasises the importance

of the IC and of the organisational intelligence for the society’s development.

Keywords: intellectual capital, intellectual capital report, organisational intel-

ligence, development of society.

JEL Classification: H83, K23

1. Introduction

Intellectual capital is an up to date concept. The term intellectual capital

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(IC) has been used for the first time in 1836 by William Nassau Sr., economist,

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Lidia-Gabriela Herciu - National University of Political Studies and Public Administration,

Romania, lidia.herciu@gmail.com.

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see approaches to this concept in Bratianu, C., Dima, A.M., Vasilache, S. & Orzea, I., Nonlinear

integrators and intellectual capital dynamics, Curtea Veche Publishing House, Bucharest, 2011, p.

12 et seq.; Bratianu, C.; Orzea, I., Intergenerational learning as an entropy driven process,

„Management & Marketing. Challenges for the Knowledge Society”, Vol.7, no.4 , 2012, pp.603-

613; Bratianu, C., Orzea, I., The entropic intellectual capital model, „Knowledge Management Re-

search and Practice”, 11(2), 2013, pp.133-141; Bratianu, C., Managementul cunoştinţelor, concepte

fundamentale, University Publishing House, Bucharest, 2015; Bratianu, C., Intellectual Capital re-

search and practice: 7 myths and one golden rule, „Management & Marketing. Challenges for the

Knowledge Society”, V ol. 13, no.2, 2018, pp 859-879; Herciu, L. G., Capitalul intelectual activ

intangibil, Proceding of the Smart Cities Conference 4th edition, Pro Universitaria Publishing

House, Bucharest, 2016, pp. 179-186; Herciu, L. G., Smart Managers, Smart Companies, Proceding

of the Smart Cities Conference 5th edition , Pro Universitaria Publishing House, Bucharest, 2017,

pp 124-129; Bernard Marr (ed.), Perspectives on Intellectual Capital”, Elsevier Press, Oxford,

2005, p. 5 et seq.; Pasher, E., The In-and-Out Intellectual Capital of Israel, The World Conference