Creating-entrepreneurial-mindset

Human capital management in enterprises in knowledge based economy conditionsThe existing definitions of the knowledge-based economy are descriptive and theyinclude the characteristics, which should be typical of a knowledge-based economy.OECD elaborated import ant methodic and statistic works regarding knowledge basedeconomy (Skrzypek; OECD, 2001). OECD defines it as an economy which is directlybased on production, distribution and use of knowledge and information. Knowledge isunderstood here as a product and a factor influencing the economic growth. The increasingrole of globalization, information technology and most of all the developmentof science and knowledge as the foundations of economic changes are named as themost important traits of the knowledge-based economy (Miśkow, 2014, p. 1).KBE (Knowledge based economy) has the following conveyors: high technologyindustry, services of ICT, educational services.KBE is the economy dominated by products and services which market values dependmore on knowledge than on material resources (Korzeniewicz, 2008, p.270).In Drucker’s opinion knowledge based economy is the economic order in which theknowledge has the key-position, work, raw materials and capital are less important.Knowledge has become the key to success of modern enterprises and it is the mainsource of competitive advantage. The opinion that intangible assets investment is moreprofitable than tangible assets investment becomes more and more common (Adamowski,Frydecka, Kiejna, 2007, p. 325).In the knowledge-based economy there has been a change in the way market economyfunctions and the conditions of the flow of production factors have been modifiedas well. Knowledge has become a production factor of key importance. The productionchanges are mostly visible in the areas related to creating, processing and distributinginformation.In Drucker’s opinion knowledge although not as the unique source of competitionsupremacy will be however the most important.Knowledge based economy implies generating practical knowledge and switchingfrom it into material or social benefits. Execution of these objectives requires effectiveknowledge and human capital management. An important task in human capital managementin enterprises in knowledge based economy is investment in education levelincrease and qualification growth.For the development of the KBE the improvement of the level of education is necessaryin high-developed countries, because one of the initial conditions of the KBE inClaire’s opinion is the society characterised by a high level of education in which highschool education is considered as common and the higher one assumes the half of theworking population.The knowledge based economy in the developed countries is consequently characterizedwith a lot of investment in human capital.The companies that are willing to provide money for raising the level of educationof their employees can expect an increase in competitiveness. Therefore, they will cre-92