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| Intellectual Capital - The Intangible Assets |
Intellectual
Capital = The sum of a company's ideas,
inventions, technologies, knowledge,
computer programs, patents, trademarks,
designs, methods, systems, processes and publications.
When codified,
defined, written or committed to media form, the company's
intellectual assets
can
be moved, leased, or sold. When these intellectual assets are legally
protected they're called
intellectual property.
Successful businesses create products and services that
deliver more value-added,
intellectual capital intensive activities, experiences
and
solutions. Knowledge is what businesses today buy, sell
and do. Leveraging intellectual capital
is one
of
the major business opportunities
of our time. Creation of intellectual
property
takes effort
and
investment of time and money. Sound management requires that
intellectual
assets be defined,
linked to revenues and efficiently exploited. Connecting
customers to new knowledge
they can
use is one avenue.
Connecting problems to
solutions never goes
out of style. Connecting people
to people and questions to answers
will
always have value.
Managers have to obtain the necessary
intellectual property
protections. Managers
need to monitor
and record, the costs, revenues and
profits
obtained from each intellectual
asset.
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Value Creation |
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Value Extraction
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Infringement Litigation Taking legal action when competitors infringe on your firm's intellectual property. The most common forms of infringement litigation include:
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