What is a knowledge asset?
Knowledge asset is an asset generated by experience or innovation organization that can be transformed into real physical assets such as wealth in the future. Some of these assets are tangible, such as copyright or patents that are owned by society and can be converted into profitable products. In most cases, the knowledge asset is an intangible piece of information obtained from the company's production processes, investment history or workforce that can be influenced by proper use. Disillation of this information into usable proven procedures for forming organization and business is the way this knowledge becomes such useful. Few of these companies happen on this kind of wealth. They do so by knowing that they either come from innovative leadership or from experiment and mistakes over time. Regardless, companies of more dreamy knowledge can effectively gain a competitive advantage over their opponents. As a result, it has knownThe overshadow can be as important as any physical asset owned by society.
Some examples of knowledge asset have real physical manifestations. A company that holds a patent on some revolutionary business production or money savings technique can easily turn this patent into profits. Copyrights are equally valuable, given that they provide companies that keep them exclusive rights to any assets it protects. Each of these documents is based on the knowledge of their creators.
In many cases, the knowledge asset is intangible information. This information may come from the company's past experience in any number of areas. The management of the company can learn from experience how to harmonize its organization, streamline production, market products, serves, etc. On certain occasions, the asset may not come from experience, but from some kind of innovacIT created by someone on the workforce of the company.
While the knowledge asset is undeniable, the process that converts this knowledge into useful information is equally important. A large company has to process seemingly endless pieces of information from multiple sources and all distill into something that can help business. Knowledge assets are particularly useful for a company that wants to devise proven procedures. Proven procedures are optimal methods of carrying out a business organization in each department and a company that can trust its proven procedures has a huge advantage over those who are still looking for answers.