Knowledge asset
Definition
Knowledge asset is Those parts of an organization's intangible assets that are knowledge such as know-how, best practices, and intellectual property. Knowledge asset is often used as a synonim with intellectual asset
Summary
Description
Knowledge asset refers to an economical view of organization's knowledge. Knowledge assets are developed via investments with the expectation that this investment enhances potential income earning of the organization.
Examples of knowledge assets include best practices, codified explicit knowledge and intellectual property. As part of organisation's knowledge is embedded in people, knowledge asset inevitably overlaps with human assets.
Knowledge management and the related processes provides organisations with the means to manage their knowledge assets.
Nonaka and Takeuchi divide knowledge assets into four categories: experiential knowledge assets, conceptual knowledge assets, routine knowledge assets and systemic knowledge assets.
References
[1] Nonaka, I., & Takeuchi, H. (1995), The Knowledge-Creating Company: How Japanese Companies Create the Dynamics of Innovation
