The Impact of Information Technology on Building Intangible Assets

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ACKNOWLEDGEMENT

My thanks go out to all who have helped me complete this study and with whom this project may have not been possible. In particular, my gratitude goes out to friends, facilitator and family for extensive and helpful comments on early drafts. I am also deeply indebted to the authors who have shared my interest and preceded me. Their works provided me with a host of information to learn from and build upon, also served as examples to emulate.

DECLARATION

I [type your full first names & surname here], declare that the following dissertation and its entire content has been an individual, unaided effort and has not been published or submitted before. Furthermore, it reflects my opinion and take on the topic and is does not represent the opinion of the University.

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ABSTRACT

This paper is an attempt to discuss the impact that information technology has on building intangible assets. It provides a literature review that is based on the already existing studies. The value of intangible assets should be reflected in companies' financial statements. It is imperative for decision-makers to find and use concepts and tools that will maximize synergies between tangible and intangible assets for value creation. It is necessary that the managers should take care of the intangible assets of their organization and they must make investments in the information technology. Intangible resources are much more complicated and are associated with people, relationships, and systems. Intangible resources are further categorized into human resources, relational resources, and organizational systems. Human resources are the ability of individuals to perform a given task. It is basically referred to the knowledge acquired by a person who increases his or her productivity and the value of his or her contributions to the firm. It also includes personal contacts and relations, as well as other individual qualities such as reputation, experience, judgment, and intelligence.

TABLE OF CONTENTS

ACKNOWLEDGEMENTII

DECLARATIONIII

ABSTRACT IV

CHAPTER 01: INTRODUCTION1

Background of the Study1

Statement of the Problem3

Purpose of Study3

Research Questions3

CHAPTER 02: LITERATURE REVIEW5

Concept of Intangible Assets5

Types of Intangible Assets6

Intangible Assets as Top Value Drivers9

Benefits of Information Technology10

CHAPTER 03: MANAGERIAL IMPLICATIONS12

CHAPTER 04: CONCLUSION17

REFERENCES18



CHAPTER 01: INTRODUCTION

Background of the Study

In the real world, companies tend to possess various tangible assets that have a real value in the market place. Office furniture, office equipment, account and cash receivables, computers and real estate are the assets that can be exchanged for trading purposes and in order to pay off the company's debts. Tangible assets have a market value which varies depending on the different geographic and economic factors. Tangible assets are easy to quantify and are a part of the financial reports. However, these tangible assets are only a part of the company's assets. The assets of a company also include arrays of intangible assets. Intangible assets play a very important role for the success of a company. Intangible assets are difficult to quantify and measure than its tangible counterparts. Intangible assets of a company can be market, customer or technology ...