The assets of the organization

Veldsman(2013) explains that it is estimated that 85% of the assets of an organization are intangible instead of tangible assets.Tangible assets are such as facilities,technology and finance.

Intangible assets include such resources such as organization reputation,brand,patent rights,organization capabilities and people expertise and skills.

70% of these intangible assets are resident in the people of the organization in the form of creativity,innovation,expertise,knowledge,skills and experience.

People and destiny of their organization are therefore intimately intertwined in the knowledge society.

Therefore what makes the strong organization is not the tangible assets such as buildings and finances but the intangible assets and people with great intangible assets because in the long run they can make the organization to have large amount of physical assets and finances

Reference

Veldsman, T. (2013). People professionals fit for emerging countries. In S Bluen (Ed.) Talent management in emerging markets. Johannesburg: Knowledge Resources.