What does my company possess or produce that is valuable and provides competitive advantages, but is not included on the balance sheet?
Knowledge-based economy.
Value of Business Information in the Knowledge Based Economy…
Management teams must recognize that companies produce knowledge, and that knowledge (information) is a commodity that warrants clearly defined ownership rights, and effective safeguards to sustain its control, use, and monitor its value (indeterminately).
Knowledge has become the primary economic muscle of the knowledge-based economies and nearly all of the world’s most innovative, successful, and wealthy companies are those that wield their knowledge (information) effectively.
Market The Intangible Assets Produced By Security Products and Services
The phrase ‘knowledge-based economy’ is an economic fact that should provide securiy product/service vendors with critical insight into how company’s security needs, demands, and expectations are changing.