THE CONCEPT OF INTELLECTUAL CAPITAL: ANALYSIS OF EXISTING APPROACHES AND NEW WORDING

Currently, domestic economists clearly believe that the development of intellectual capital has a direct impact on increasing the competitiveness of Russian enterprises in the domestic and foreign markets. In the context of the negative impact of sanctions restrictions, this topic seems especially relevant. The article analyzes scientific research by various authors and existing approaches to defining the concept of intellectual capital. Its results showed that there is still no generally accepted formulation of the concept of intellectual capital. Many researchers in their works recognize intellectual capital as one of the most important elements of economic development, but offer different approaches to defining this concept and its economic essence. Based on the results of the analysis of existing scientific research, the authors proposed the most adequate formulation of the concept of intellectual capital to modern conditions.