Özet:

International dimension of economy, globalisation, and increase in using information technologies due to instant innovation need force the business organizations to operate in extreme competition environment. Business organizations develop different strategies and methods to be successful in this competition environment. In this respect, business organizations should have high quality sources and skills in order to strengthen the competition advantage and dominate the others. One of this high quality sources is innovation. Business organizations should always be updated for the current situation and adapt the new situations quickly. Under instantly changing circumstances firms must be open to changes. In case business organizations carry out renewal process, they can enhance their performance and have sustainable competition advantage. One of the main elements for business organizations to provide a competitive advantage is intellectual capital and the importance of this intellectual capital cannot be ignored. The most important power of business organizations under this competition environment is intellectual capital they have and the level of adopting the innovations. Business organizations must produce new ideas and practice them successfully so as to be successful. Intellectual capital is so important for business organizations in terms of using of competition advantage well, having improved and original information and having strong relations with the others. In addition to this importance, it has been intended to deliver the importance and the relation between intellectual capital and competition and innovation in this study. This study has been prepared with scanning method and in this study the relation between intellectual capital and competition and renewal process in business organizations is specifically discussed with conceptional perspective

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