Intellectual capital in function of increasing efficiency of business in organization

In the twenty-first century, the intellectual capital is the main driver of creating added value in organizations, and in scientific circles there is a growing awareness that skilled employees contribute to positive change, innovation, development and achieving and maintaining competitiveness in a truculent market conditions. Having in mind that the organizational capability to innovate is seen as a key factor of intellectual capital, it is generally considered that organizational innovativeness capacity is based on its skilled and educated workforce. We have tested this findings by analyzing the effect of the organizational human capital on the innovation capability in technology and knowledge intensive industries in Serbia, based on the descriptive statistics methodology. Our results suggest that the human capital indicators used in this study do not significantly influence innovativeness of organizations from selected industries.