Empirical study of the business growth strategy related to the added value by intellectual capital

R. Alcalde-Delgado, L. Sáiz-Bárcena, R. Olmo, C. Alonso de Armiño Pérez

Abstract

Four consecutive years of more than a thousand Spanish companies from different economic sectors are analyzed to determine the influence of intellectual capital on the business growth strategy. One of the purposes of this work is to establish a classification criterion of the strategic behaviour of a company linked to the growth of three factors: the demand of the sector, the sales of the company and the financial sustainability of the company. Another purpose is to develop and validate an appropriate classification of where the value added by human intellectual capital is structurally concentrated and used according to the strategic behaviour, growth and sector of the company. Interesting conclusions are drawn about the strategic behaviour of the company and its intangible capital, as well as a different method for classifying companies according to their growth, which helps predict business profitability.


Keywords

Value Added Intellectual Coefficient (VAICTM); Sustainable Growth Rate (SGR); Sales Growth; Demand Growth; Business Strategy

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