Importance Of Intangible Assets In Business
In our economy, businesses play important roles in helping our economy from reaching a downfall. For businesses, there is nothing more important to them than assets. They usually value their tangible assets more than their intangible assets because of the lack of physical substance. What they do not see is that intangibles such as “human capital could help businesses reach prosperity” (Daum, n.d.). In addition, intangible assets are important in helping businesses reach success not only through human capital, but also through investments and through softwares & technology.
Human Capital is one of the main sources of innovation that helps businesses continue to operate for an indefinite period of time (Daum, n.d.). Human capital is basically
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Intangibles like human capital could help businesses boost their interactive skills that lead to heightened interdepartmental skills. However, Intangible assets do not only rely on human capital alone; it can also be measured through how business invests in financial products that have been invented or innovated by various businesses, and even softwares could be a factor in helping business in being more productive and continue for an indefinite period of time. However, businesses do not see the importance of these assets. Contrary to their beliefs, Businesses should learn how to value their intangible assets more because they can lead to countless amount of assets, which can help businesses stay healthy and avoid reaching a …show more content…
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