Open AccessIntellectual and Knowledge Investment and its Role in Achieving Sustainable Development of Natural Resources: A Study Applied to the Iraqi Oil Ministry
Author(s) -
Kareem Saihood Karam,
Mariam Muhaibis Hemeed,
Shaymma Gabbar Oleiwi
Publication year - 2021
Publication title -
webology
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.259
H-Index - 18
ISSN - 1735-188X
DOI - 10.14704/web/v18i2/web18387
Subject(s) - intellectual capital , knowledge economy , investment (military) , business , human capital , natural resource , variable (mathematics) , industrial organization , capital (architecture) , knowledge management , natural capital , individual capital , financial capital , economics , economic growth , finance , computer science , political science , mathematics , ecosystem , ecosystem services , law , history , mathematical analysis , ecology , archaeology , biology , politics
An intellectual capital and knowledge is one of the basic and very important resources for modern organizations in light of the knowledge economy. It is another form of capital recognized in the new economy. The intellectual and cognitive capital consists of the basic components represented by the experiences, skills, knowledge and capabilities that individuals working within organizations possess, which have a clear and profound effect on determining the success of the organizations from their failure. The results showed that there are strong correlations between the independent variable with its dimensions represented by intellectual capital and knowledge capital and between the dependent variable represented in investment in natural resources, as well as there is a strong relationship between the independent variable with its dimensions represented by intellectual capital and knowledge capital and between the dependent variable represented in investment in resources. Accordingly, a set of recommendations were presented that can contribute to improving the level of investment. Its role in achieving the best investments for the natural resources is found underground through the interest in the human resource, which is one of the most important reasons for the success of organizations and the first element in achieving the well-being of society, as the more the human resource He has the knowledge, skill and ability to optimally utilize natural resources whenever this is one of the most important factors for the success of organizations. In addition, organizations today have to pay attention and benefit from the intellectual and knowledge capital, especially in developing countries. The necessary requirements must also be provided