Valuation of intellectual property for strategic management

Abstract

The increasing importance of intellectual property assets in knowledge industries has necessitated the need for their valuation, both from a strategic management perspective and for financial reporting purpose. This study reviews the existing methods , both quantitative and qualitative, and the various strategies by employing intellectual property as a tool . It also elaborates on a framework for choosing both a strategy and an appropriate method of valuation for a the same . IT highlights the importance of context in terms of appropriability, uncertainty and complementary assets.