THE IMPACT OF LEADERSHIP ON THE INTELLECTUAL CAPITAL DEVELOPMENT MODERN COMPANIES IN KOSOVO

There is no doubt that great competitiveness among companies makes it clear that without rapid and radical changes, Kosovo will not be able to deal with competition in the environment, both broader and immediate. Success in the new world economy will depend on good leadership at all levels, from companies to the state.The leader is the one who successfully leads the change of the organization in order to create a flexible and efficient company capable of quickly and successfully facing the challenges of the external and internal environment and optimally utilize its resources. Such a leader model is necessary for Kosovo in all sectors, i.e. public administration and provides guidelines for how to successfully manage social change in a turbulent environment.Value in the knowledge economy is not generated by the quantity of manufactured products, but by the quality generated by knowledge workers. All of these changes dramatically changed the nature of value creation. It's no longer possible to think about a product as a physical manifestation of value.Industries such as power distribution, telecommunications, computers, software, i.e. high-tech industries have almost doubled their product share over the past twenty years, while knowledge-based services have grown faster and faster.In many companies, knowledge and its personality, intellectual capital, are not directly reflected in the financial statements, and consequently there is insufficient attention in managing those resources. Such companies still calculate their success or failure on old principles, while letting intellectual capital remain unused.