| Bulding up the Value
of Your Company
Intellectual Property, (also known as Intangible Property, Intangible Assets, Intangibles): is
defined to have no physical presence, and its value is said to be
independent of any physical characteristics or the services of any
individual. Intangible assets and properties include Patents,
Trademarks, Trade Names, Processes, Copyrights, and Goodwill.
Intangible assets must be identifiable (or separable) in order to be
distinguished from goodwill. How valuable are your company's IT systems, employee
skills, culture? For many, they are worth far more
than the physical and financial assets that can be tallied on a balance
sheet. Measuring the value
of intangible property has become to the »Holy Grail« of accounting.
“but you can certainly
measure them and their alignment with value-creating strategies.” (Robert S. Kaplan of Harvard Business School)
Intellectual Property (IP) Law
Definition: Intellectual
Property is any product of human intellect that is unique and
un-obvious with some value in the marketplace. Intellectual property
laws cover ideas, inventions, literary creations, unique names,
business models, industrial processes, computer program code, and more.
An enterprise’s assets may be broadly divided into two
categories: Physical Assets: including buildings, machinery,
financial assets and infrastructure Intangible Assets: ranging from human capital
and know-how to ideas, brands, designs and other intangible fruits of a
company’s creative and innovative capacity.
As a result of the information technologies revolution
and the growth of the service economy, companies are realizing that
intangible assets are often becoming more valuable than their physical
assets, Intangible Property has become
essential to make best use of their intangible assets.
To acquire a
better position for your company to
capitalize on the potential benefits of its IP assets and extract their
full value it is essential conducting an IP audit. Ideally, this should
be done by professional IP auditors, but often a preliminary IP audit
may be done within your company. This entails
identifying, monitoring, valuing your firm‘s IP assets so as to make
sure that you are making the most out of them. By doing so, your
company would be able to make informed decisions.
MINT Market INTerface™ will
provide you with the required professinal assistance. |