Cost
The cost that was paid to generate the knowledge. For example, the amount you paid employees to develop a document.Market Value
The estimated market value of knowledge. Currently, the market for knowledge assets isn't particularly liquid such that it is difficult to benchmark prices accurately.Economic Value
An estimate of the future impact of knowledge on your revenue and costs.Goodwill
When one firm acquires another, intangible assets such as brands are accounted for with a concept known as goodwill. This represents the difference between the price of the acquisition and the value of its assets. In cases where knowledge is the primary intangible asset, goodwill is more-or-less the price that was paid for that knowledge. This serves as concrete evidence of the value of knowledge in an industry.Quality of Life
Knowledge has value to individuals as it may improve their quality of life in a variety of ways. Access to education, information and other knowledge related resources such as museums are valuable to individuals and communities as measured by quality of life.| Overview: Knowledge Value | ||
Type | ||
Definition | The worth or usefulness of knowledge. | |
Related Concepts | ||
