Tangible assets often only account for a small proportion of a company's market value. The main value in the balance sheet often resides in 'Intangibles'. Intangibles can be managed to extract more value, enhancing commercial success and increasing stakeholder satisfaction. Knowledge within the company is a key part of its 'intangibles' and
intellectual property valuation is important in this .
Knowledge presents itself in employee's
skills and capabilities and in the documented sources
within the business. Documented knowledge is an intellectual
asset and potentially the most valuable of all intangibles
as it secures the knowledge; intellectual property
(IP) rights protect documented knowledge. Intellectual
property management can extract
more value from the IP portfolio.
Intellectual property valuation
assists extracting value from knowledge and IP can
take various forms. An early stage is to align the
company's knowledge management processes with
its aspirations. For most businesses the goal is
to achieve this in a flexible way without excessive
bureaucracy.
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In
managing knowledge and extracting value
from intellectual property if the tension
between a desire for maximum flexibility
(no procedures, little documentation) and
rigidity (too highly defined business processes)
is too great the likely consequences are
leakage from the business, wasted resources,
and missed opportunities. |
Connect IP can
offer intellectual property valuations and provide
the skills to work with you to better understand
the
value chain
within
your
business;
where knowledge fits
within it, and the inter-dependencies of one link
to another in the knowledge value chain.
To help you find the gaps in your
intellectual property management systems we have
included on this site a check
list for you to use.
Contact Connect IP
to see how we can help you with patent
licensing, intellectual property management
and adding Value to your knowledge through
better understanding of intellectual property
and extraction of more value from IP. |
