A Conversation: Expert Panel Wrap-Up and Open Forum
John Hovell, PMP, CKM
Organizations have a purpose to fulfill. There are many resources available to each organization so that they can fulfill their unique purpose. These resources can be tangible or intangible. Examples of tangible resources include buildings, computers, people, and other resources that can be physically seen. Examples of intangible resources include patents, trademarks goodwill and other resources that cannot be physically seen or touched.
Over the past two decades, there has been a significant shift in how organizational value is created and maintained. The shift is from tangible value to intangible value. Organizations are now creating more value from intangible assets than tangible assets. The Wall Street Journal has been reporting on this trend. In an article titled “Accounting’s 21st Century Challenge: How to Value Intangible Assets”, author Vipal Monga and economist Carol Corrado depict the shift. They show how most of the organizational value has shifted from tangible assets to intangible assets. Another data point is that companies within the S&P 500 are experiencing an increase in “market premium” as their intangible valuation grows. This trend is not only happening in the United States, it is happening in many countries around the world. It is also visible beyond the “for-profit” sector, we are seeing it in government, military, non-profit, not for profit and volunteer organizations.
Read more…Conversational Leadership: 3 steps to improve conversation – https://odneurope.org/wp-content/uploads/2019/04/guest-blog2.pdf