The Role of the Intellectual Capital in the Development of the Region

Abstract

the work is about the activity of the enterprise represents system of relationship of subjects of the given enterprise with various subjects of the market: suppliers of resources, consumers of finished goods, financial credit institutions and the financial organizations, the minority shareholders checking the organizations and so on. Competitive positions of the enterprise in this system consist of two groups of factors. The first group of factors has a material basis. The second group of factors has non-material character and has no concrete numerical expression. But in modern market conditions non-material factors have impact on formation of end financial and economic results of activity of the enterprise, its competitiveness and cost. The level of the competitiveness is depended on the intellectual capital efficiency represented in such points as higher education and training, labor market efficiency, innovation.