Advantages of understanding the value
of intangible assets in a business
Intangible asset
They are assets that the company owns and
cannot be physically perceived, represented
in rights, privileges or competitive
advantages that are valuable because they
contribute to an increase in income or profits
They must offer companies
measurable benefits in the form of
additional income and benefits
An intangible asset that has an economic
value must offer benefits measurable
benefits in the form of additional income
In a company you must have good relationships with
both customers and employees, this creates a good
working environment
Advantages
Intangible assets are very useful because they help
significantly improve the competitiveness of a
company and attract more customers
A useful intangible asset can
determinate in a good way the
financial position of a company
Intangible assets properly
managed help reduce costs,
Increase productivity and profits
Intangible assets help to innovate and improve
the different processes of the company and the
skills and knowledge of employees
Examples of intangible assets
Intangible assets related to marketing: Used to
promote products and services such as product
brands and factory certifications
Intangible assets related to customer:
supply contracts, advertising, licensing
Intangible assets related to technologies:
Resulting intangible assets of intellectual
property rights and knowledge transfer
Intangible assets related to artistic nature:
They come from the right of various works of
art or creations
ELABORATED BY: LUIS LEONARDO PINEDA GONZALEZ
GROUP #: 212032_18 DATE: 20/10/2019