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A valuation process for intellectual property in a technology park environment

Bose, Sanjoy (2004) A valuation process for intellectual property in a technology park environment. Other Degree thesis, Victoria University.

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With the rapid development of the global economy, intellectual capital has become a critical driver of a business's sustainability. The essential difference between companies operating in the 'old' and the 'new' economy is that, where value in the past was created within industrial sectors such as manufacturing, education, retail, wholesale and financial services, value in the future will be created primarily from the application of knowledge. Increasingly, the main assets of 'smart' companies will be in the form of intellectual, and not physical, capital. Technology development is a logical product of intellectual capital. Thus, in the new economic paradigm, companies perceive technology developments as necessary commercial activities to underpin their competitive standings, and provide a platform for economic growth, profitability and shareholder value. However, the development of commercially viable intellectual capital projects also requires substantial investments in intellectual property, often without certainties of success. Since valuation techniques and processes are crucial for business investments, this paper evaluates the various methods that are currently used to value intellectual capital and intellectual property, and finds that, in view of substantial inadequacies, there has arisen an imperative need to develop a n e w process for valuing these.

Item Type: Thesis (Other Degree thesis)
Additional Information:

Doctor of Business Administration

Uncontrolled Keywords: intellectual property, new economy, knowledge economy, technology parks, technology park environment, business investments, intellectual capital projects, valuation, value, Australia, Australian
Subjects: FOR Classification > 1403 Econometrics
FOR Classification > 1402 Applied Economics
Faculty/School/Research Centre/Department > Graduate School of Business
Depositing User: VU Library
Date Deposited: 18 Aug 2011 00:27
Last Modified: 23 May 2013 16:46
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