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The Efficiency Analyses of Croatian Suga Industry by Using the Concept of Intellectual Capital

In the last five years the sugar industry has become one of the very important branches of Croatian food industry. It is connected with a significant number of different industries in a complex way and employs a significant number of people. A development of sugar industry stimulates development of commerce, logistics, and a number of correlated industries whose products are necessary in sugar producing. Croatian sugar factories have been present on the neighbouring markets and the European Union market for several years. The share of sugar in the total export of agricultural products increases every year and in the year 2004, it was 26.8% with the tendency of increasing in the year 2005. Intellectual capital conception as a method for increasing the entire business efficiency has its foundation in earlier papers of economy theoreticians in the middle of the last century but it reached its real prosperity in the past 15 year when the concept got more applied and the theory of intellectual capital was developed. In order to better prepare Croatian economy, especially agricultural sector, for the competition that is expecting Croatia with the entering the European Union with full membership, the application of this concept would result with the increasing of entire business efficiency. The intellectual capital concept represents a recommended base which will be helpful to the Croatian sugar mill in taking better position on the highly competitive market of the European Union.

intellectual capital management; sugar industry; measuring efficiency

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