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Value Conversion of Intangible Assets
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The focus on intellectual capital and other 'intangible' assets that has emerged in recent years is opening up a series of questions with profound implications for business leaders, policy makers, accounting professionals and economists. Mastering value creation in the knowledge economy demands an appreciation for the pivotal role of intangible capital and a thorough understanding of network dynamics. Around the world, people are engaged in a struggle to reframe business and economics in an environment of global interdependency, environmental concerns and larger societal responsibility. Analyzing a value network involves addressing three basic sets of questions, she says, which can allow an organization to come to terms with how intangible assets are set into motion within unique configurations of roles, relationships, interactions and resources in value conversion networks.