MGT Notes

Legal Aspects of Managing Technology, 5e, Burgunder, Pg 2

A firm’s tangible assets may comprise land, labor and natural resources. In contrast, intangible or intellectual assets are more elusive in their value. They are derived from the novel implementation of ideas such as novel production techniques, new managerial methods, unique product features and characteristics and stylish brand images among others.

Both tangible and intangible assets have a real value for a firm. In this series of posts, we will look at intellectual property, its types and its importance to firms and to the economy as a whole.