Monthly Archives: August 2010

Some Thoughts about Knowledge Assets

The term Knowledge Asset always takes me back to my first career after my undergraduate graduation: accountant. In addition to defining knowledge asset, and discussing how to manage them, which are secondary thoughts in my accounting mind, I think about valuation, after-all if something is an asset, it has a value. How do we value knowledge assets? Is it the cost to acquire the knowledge? Things like the cost of courses and books, and experience gained over a period of time. Is it what someone else would pay to obtain the knowledge immediately instead of going through the learning curve? Is it the opportunity cost: the cost of lost business or productivity, the cost of a missed connection? Some of these are more easily determined than others. It is relatively easy to determine the cost of a course or a book, or to determine the cost of a degree or certificate. How is the cost of a missed connection or opportunity to leverage a previous project determined? How do you know what the cost is if you didn’t know that the opportunity existed? For example, if instead of creating a document management application for your organization, you find that your … Continue reading

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