Research On The Relationship Between Intellectual Capital And Growth Performance From The Perspective Of Knowledge Dynamic Capability

How to create and maintain its own core advantages is a research hotspot in the field of enterprise strategic management.In the era of knowledge economy,intellectual capital is recognized as an effective driving factor for the development of enterprises because it is difficult to be copied and imitated by competitors.More and more enterprises increase their investment in intellectual capital in the management practice,aiming to make enterprises obtain more profits through the efficient management of intellectual capital.However,some practical cases of high intellectual capital reserve and low growth performance show that intellectual capital is not the sufficient condition for the rapid development of enterprises in the super competitive environment.Therefore,the influence mechanism of intellectual capital on enterprise performance is not clear,so it is necessary to further explore.The resource-based theory points out that the competitive advantage of an enterprise originates from heterogeneous resources,while the capacity-based theory holds that the competitive advantage of an enterprise depends on its capacity.As the extension and expansion of resource-based theory,capacity-based theory reveals the relationship between resources and capacity.The core viewpoints of the two theories are not contradictory in practice.Therefore,in the dynamic environment of knowledge-based economy,this paper empirically studies the relationship between intellectual capital and enterprise growth performance based on the perspective of knowledge dynamic capability,in order to provide a new perspective for enterprise performance management.This paper first defines the connotation of intellectual capital,knowledge dynamic capability and enterprise growth performance through literature review,and divides intellectual capital into three dimensions of human capital,structural capital and relational capital,and divides knowledge dynamic capability into three dimensions of knowledge acquisition,knowledge creation and knowledge integration.At the same time,this paper constructs a correlation model among the three variables,and empirically studies the internal relationship between intellectual capital and enterprise growth performance from the perspective of knowledge dynamic capability by selecting 326 effective enterprise samples.The results show that the three-dimensional degree of intellectual capital has a significant positive impact on growth performance,the three-dimensional degree of intellectual capital has a significant positive impact on the three-dimensional degree of knowledge dynamic ability,and the three-dimensional degree of knowledge dynamic ability has a significant positive impact on growth performance.In addition,the three dimensions of knowledge dynamic capability all play a part of intermediary role between human capital and growth performance,structural capital and growth performance,relational capital and growth performance.Then,based on the empirical results and combined with the practical background,the paper puts forward effective countermeasures and suggestions for the healthy development of Chinese enterprises from the aspects of intellectual capital and the management improvement of knowledge dynamic capability,mainly including paying attention to the cultivation of intellectual capital,establishing intellectual capital management system,strengthening the cultivation and promotion of dynamic capability and attaching importance to the transformation of resources and capabilities.The values of this study are as follows:First,at present,the research of dynamic capability is mostly based on the perspective of organizational management,and the research in this field in China is mostly concentrated in high-tech enterprises.This paper defines and divides the dynamic capability based on the perspective of knowledge management,and extends the research to the fields of traditional enterprises and high-tech enterprises,which has certain exploratory significance.Second,it reorganizes,summarizes and expands the related theories of intellectual capital,dynamic capability and enterprise performance,and builds the analysis model of intellectual capital-knowledge-based dynamic capability-growth performance based on the support of resource-based theory,dynamic capability theory and knowledge-based theory,which expands the perspective of empirical research in related fieldsThird,through empirical analysis of the causal relationship between intellectual capital and growth performance,it can help managers to clarify which intellectual capital has a greater impact on the growth of enterprises,which intellectual capital should be focused on,in order to give full play to the value of intellectual capital,reduce investment risk,and have strong application value.Fourth,based on the empirical results,combined with the practical background,this paper puts forward countermeasures and suggestions on the performance management of Chinese enterprises from the aspects of intellectual capital and dynamic capability management improvement,which provides a new idea for the performance management practice of modern enterprises.