Definition of Intangible and tagible assets:
- Tangible assets are considered the goods of material nature they can be perceived by senses like :
- - Row material and stocks
- - The furniture
- - The machines
- - The lands
- - The money
- Intangible assets are considered the goods of immaterial nature :
- - The science of knowing what to do
- - Our relations with the clients
- - Our operative processes
- - The technology of information and databases.
- - Capacities, abilities and innovations of the employers.
- Intangible assets vs. Tangible assets.
- The present situation of the economy is governed and directed by the intangible assets the company has.
Formerly in 1920, the economy was dominated by the tangible assets , during this period the financial indicators were adopted to manage the company effectively.
A study of Brookings's institute in 1982 showed the tangible assets represented the 62% of the value in the market of industrial organizations. Ten years later, in 1992 the proportion lowered until 38%, Financial indicators are still used to direct and to take decisions, but they just represent less than 10% of our value. The question is why do we still use them?