The growing importance of intellectual assets (IA), means that
their management has become a key imperative for business leaders
globally. This paper provides practical tips to assist
leaders effectively manage IAs to drive value and mitigate
risk.
What are intellectual assets?
Intellectual assets (IA) are non-monetary assets without
physical substance.1 Whilst there is not a
universal definition of the term, it is widely accepted as
including intellectual property (such as patents, copyright and
trade marks), data, research and development, staff skills,
organisational competencies, and relationships with suppliers and
customers.
Like tangible assets, IA can be valued, bought, sold, licensed
and, in some cases, used as security.
