Making Sense of Intellectual Capital: Designing a Method for the Valuation of Intangibles
Peter Drucker has introduced us all to the knowledge era, where knowledge is the primary resource and intangibles (intellectual capital resources and assets) are now largely recognized as the most important sources of organizations' competitive advantage. With the recognition of the importance of Intangibles comes the problem of how to properly identify them and assign them a value within the corporation. This is an area of concern in 5 fields: 1) accounting and financial reporting, 2) performance measurement and management, 3) valuation in the finance field, 4) the Human Resources field in terms of management, strategy, and planning, and 5) Intellectual Capital. Over the past eight years, over 25 methods have been proposed for the valuation of intangibles coming out of these 5 fields.
In this book, Andriessen evaluates 25 existing methods of intangible valuation according to highly developed criteria. In performing his evaluations, Andriessen synthesizes the state of the art research from these fields based on extensive research. He then presents his own method for valuing intangibles, which he began developing and testing as a Senior Manager at KPMG Knowledge Advisory Services in The Netherlands. He relates six case studies in which this method was tested in actual companies, carefully reviews the results of his tests, and then concludes by offering a new and improved method for valuing intangibles in his Weightless Wealth Toolkit, a complete step-by-step process for identifying, valuing, and managing Intangibles to help managers operate successfully in the Intangible Economy.
-Contains the only comprehensive and academically sound review and evaluation of existing methods for valuing intangible resources
-Well-known author from KPMG in The Netherlands
-Includes a do-it-yourself toolkit for valuing intangible resources
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Valuation and Measurement in the Intangible Economy
The Science of Designing Practical Methods
Methods for the Valuation and Measurement of Intangibles
Draft of a New Method
Trying Out the New Method
Contributions to Intellectual Capital Research
Overview of 25 Valuation and Measurement Methods
Weightless Wealth Tool kit
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accounting added value balanced scorecard Bank Ltd book value cash flow checklist client company’s competitive concept context contribution margin core competence cost create decision define describe design science develop earnings economic Electro Ltd employees Evaluation external reporting Figure financial valuation focus future gible human capital human resources identify improve income approach indicators intangible assets intangible economy intangible resources intangible value intellectual capital research internal management investment knowledge management KPMG Logistic Services management research market value measurement method ment Mouritsen organization Overview perspective potential practical problem definition Professional Services LLP reflective cycle requirements robustness factor Roos set of distinctions Skandia navigator solve specific stakeholders stocks and flows strategy structural capital success sustainability Sveiby Table tacit knowledge tangible tion valuation methods valuation of intangible value intangible Viedma wealth tool kit weightless wealth tool workshop