Intangible resources are typically embedded in unique routines and practices that have evolved and accumulated over time such as effective work teams.
What are Intangible resources?
- The resources a company has that cannot be transported or handled, like equipment or physical property, are referred to as intangible assets. Patents, trademarks, copyrights, goodwill, and other intangible assets are among them.
- Despite the fact that they aren't tangible objects that you can touch, they have a lot of worth for your company. You must identify, oversee, and amortise your intangible assets as a business owner.
- The resources a company holds that are not physical but nonetheless have real value are known as intangible assets. Intellectual property owned by a company, such as music, designs, trademarks, software licences, motion pictures, client lists, and franchises, is a typical example of an intangible asset.
- These are the assets that an organisation develops over time as a result of specific practises and routines.
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