Capturing Value from Knowledge Assets: The New Economy, Markets for Know-How, and Intangible Assets

1998 ◽  
Vol 40 (3) ◽  
pp. 55-79 ◽  
Author(s):  
David J. Teece
10.26458/1733 ◽  
2017 ◽  
Vol 17 (3) ◽  
pp. 33-45
Author(s):  
Ioan I. Gâf-Deac ◽  
Cristina Monica Valeca ◽  
Elena Gurgu ◽  
Adrian Bărbulescu

The paper shows that to date, intangible assets are considered "goods" and as such, the practice of classical accounting consider intellectual capital in the same category of "goods equivalent / similar to those visible / tangible". From research that literature on measuring knowledge assets / intellectual capital, both in Romania and worldwide, is not large enough and does not provide finite significant "strong" on classifications semantic of the content and quality issues in the field. The book titled New Economy between knowledge and risk – Infomin Ed., Deva, 2010 (www.infomindeva.ro) (ISBN 978-973-7646-11-8), (Ioan I. Gâf-Deac)  presents systematization and classification of original models and methodologies for measuring knowledge assets, intellectual capital in socio-economic sciences, and as such, in this present article resorting to the extension applied to formalizing measurement of intangible assets in areas operation and exploitation of natural resources.


2011 ◽  
pp. 365-375
Author(s):  
Uday Kulkarni ◽  
Ronald Freeze

As business professionals know, creating awareness of a problem and its impact is a critical first step toward the resolution of the problem. That which does not get measured, does not get managed (Redman, 1998). In fact, measurement is a precursor to improvement. This is true for knowledge management (KM) capabilities of an organization. “In today’s knowledge-based economy,” Alan Greenspan recently said, “70% of organizational assets are knowledge assets.” Knowledge assets are intangible capabilities, and there is a recognized need to “make a greater effort to quantify the value of such intangible assets” (Teece, 1998b). How does one measure the worth of an organization’s knowledge assets? What does one mean by knowledge assets anyway?


Author(s):  
Vlatko Ceric

The dramatic development of information and communications technology, the increased speed of scientific and technological progress, and the increased global competition led to the growing importance of knowledge and technology for economy. Modern economy, therefore, increasingly includes features of knowledge economy, an economy based on production, distribution and use of knowledge. Also, more and more the growth of companies depends on innovation, and innovation is based on knowledge. This chapter presents an overview of knowledge economy. It describes the categorisation and a characteristic of knowledge, analyses features of knowledge assets, describes the reasons for the importance of information and communications technology for knowledge economy, and the economic aspects of knowledge assets. Finally, it describes the production, transmission and dissemination of knowledge, as well as the measurement of knowledge required for providing adequate economic indicators for the new economy.


Risks ◽  
2020 ◽  
Vol 8 (4) ◽  
pp. 110
Author(s):  
Dmitrii Rodionov ◽  
Olesya Perepechko ◽  
Olga Nadezhina

This work considered the economic security of an enterprise with regard to the valuation of intangible assets according to the International Valuation Standards (IVS). This study is essential due to a growing number of companies with intangible assets (trademarks, patents, know-how, etc.) as their main value. This study included analysis of the impact created by the value of intangible assets and intellectual property on company capitalization and economic security plus a regression model. An algorithm was developed to determine the economic security of a business based on the valuation of intangible assets according to the IVS. The suggested algorithm can allow a company to manage its intangible assets effectively using the IVS, which, in turn, will provide the required level of economic security for further development and achievement of strategic goals by the business entity.


Author(s):  
Eva Fábková

During the implementation of their activities on the market, a lot of companies deal with the issues of increasing their market shares, the know-how improvement, gaining competitive advantage over their competitors, etc. One of the possibilities how to solve out the said problems is for instance the acquisition of know-how, databases, software, and patents which will provide the company with the competitive advantage from another company. At the acquisition of the assets, there is a great space for the tax optimisation, i.e. how to purchase (sell) the assets with the minimum tax burden.


2000 ◽  
Vol 6 (1-2) ◽  
pp. 119-126
Author(s):  
Beatriz Plaza

The Guggenheim Museum Bilbao is becoming an important tourist attraction in the Basque Country. Additional tangible and intangible assets are also relevant to the success of the tourist industry. In this context, the aim of this article is to study Basque fine cuisine and to identify the mechanism of transmission of know-how. We should keep in mind that this territory contains one of the highest concentration of Michelin stared restaurants of Spain.


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