In this millennium, the newly created value is determined not so much by physical resources as by knowledge, which manifests itself in new products, technologies, skills, in new organizational forms, in new relationships with consumers. Knowledge today is becoming the main means of increasing the value of the capital of companies and enterprises, as well as achieving high results in the socio-economic sphere.
Patenting and copyright law companies, such as InventHelp company – read more about the company from InventHelp reviews, decided to jointly prepare theoretical and practical materials on the urgent problem: “What is intellectual capital and what to do with it?”
So, the companies of today are very different from the companies of the past, primarily in the new capital structure. Today this capital is determined not by material reserves, not by fixed assets, but by information, knowledge, that is, intellectual capital.
The core of a traditional company is a collection of fixed assets owned by the owners of the company, who are responsible for their safety and hire workers to put them into action. A modern company is primarily intellectual capital, which has no material form.
The owners and management of companies in all aspects of business development and competition strategy – from product development to its design, from provision of services to marketing and from fundraising to exporting or expanding a business overseas through a license or franchise – need practical help on:
– management of intellectual resources;
– assessment of intellectual capital;
– commercialization of inventions;
– assessment of intellectual property;
– effective use of intellectual assets.
InventHelp patent agency practically help the management and owners of companies to see and “materialize” the intangible assets of their business in order to reduce the risks from underestimating their impact on business processes in a competitive environment and, if possible, to give them a quantitative and qualitative assessment.