The Role of Intellectual Capital in Company’s Value Creation: the case of Russian and Foreign Companies

Abstract

The Goal of the Master Thesis – to identify and measure the role of Intangible Assets via core competencies in company’s value creation for management decisions taking on the example of two telecommunication companies “VimpelCom” and “Tele2”. We would like to mention in the outset that we measure the core competencies of the company only on the basis of primary or basic processes, excluding supportive processes In order to achieve that goal the following tasks were set and accomplished. Analyse theoretical basis of Value Based Management; Identify main factors of the value creation of “VimpelCom” and “Tele2”; Assess the role of intellectual capital in the value creation of “VimpelCom” and “Tele2”; Create a management instruction for intangible assets management in order to increase the value of the companies.