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The Concept of Knowledge Organization

A Knowledge Organization normally has rather few tangible assets. The real assets of a Knowledge Organization are mostly intangible. The balance sheet of the Knowledge Organization consists of a tangible/visible part and an intangible/invisible part.

The tangible/visible part is the "normal" balance sheet which one can find in the annual accounts. It shows the tangible assets and how they are visibly financed. Intangible assets are not very liquid and unlike the fixed assets they are both owned and not owned by the company. There are three kinds of intangible assets, the Corporate Knowhow, the Corporate Image and the Competence of the Personnel.

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* Contributed by -
Vipin Arora
B.Tech. (Polymers), H.B.T.I. Kanpur,
MBA (Batch 2004-06),
Dept. of Management Studies, I.I.T. Roorkee.