Intangible asset

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Definition

Intangible asset is A non-physical asset of an organization

Source: Planning and Execution of Knowledge Management Assist Missions for Nuclear Organizations

Summary

Description

Intangible assets of a nuclear organization are the part of its assets which are not in physical form and do not have an obvious physical value. Intangible assets do not define organization's current market value like tangible assets. However, intangible assets can be critical to organization's long-term success or failure and define its future value.

As depicted in Fig 1, this includes human and knowledgeassets. In addition, the reputation of the organization, its copyrights, patents, business processes and culture are part of its intangible assets.


Fig 1 Intangible assets as part of organization's assets.

References

Related articles

Asset (disambiguation)

Asset management

Human asset

Knowledge asset

Intellectual property

Intellectual capital