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5 Types of Knowledge Value

 , updated on November 06, 2017
Knowledge value is the worth or usefulness of knowledge. This is extraordinarily difficult to estimate as seemingly interesting knowledge assets may not have much impact on an organization's future revenue and cost. The following are common ways to value knowledge.

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

Knowledge

This is the complete list of articles we have written about knowledge.
A Posteriori
A Priori
Anti-Information
Artifact
Artificial Knowledge
Background Knowledge
Body Of Knowledge
Classification
Data
Defensive Publication
Disinformation
Dispersed Knowledge
Domain Knowledge
Filter Bubble
Half-life Of Knowledge
Independent Knowledge
Information
Information Asymmetry
Know-how
Knowledge
Knowledge Capital
Knowledge Economy
Knowledge Gap
Knowledge Loss
Knowledge Management
Knowledge Processes
Knowledge Product
Knowledge Quality
Knowledge Use
Knowledge Velocity
Knowledge Waste
Known Unknowns
Meta Knowledge
Myth
Originality
Pessimistic Induction
Prior Art
Qualitative Data
Situated Knowledge
Storytelling
Tacit Knowledge
Traditional Knowledge
Types Of Knowledge
Uncertainty Principle
Understanding
Unknown Unknowns
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Types Of Knowledge

The differences between types of knowledge.

Curse Of Knowledge

Why experts have trouble communicating.

Tacit Knowledge

Knowledge that escapes documentation.

Disinformation vs Anti-Information

Two types of broken knowledge.

Knowledge Work

A definition of knowledge work with examples.

Information vs Knowledge

The difference between information and knowledge.

Expert Generalist

A definition of expert generalist with an example.

Qualitative Data

A definition of qualitative data with examples.

Objective vs Subjective

The difference between objective and subjective.

Knowledge Management

An overview of knowledge management with examples.

Information Pollution

An overview of information pollution.

Knowledge Loss vs Waste

The difference between lost and wasted organizational knowledge.

Knowledge Velocity

An overview of knowledge velocity.

Artifact

The common types of artifact.

Knowledge Measurement

A definition of knowledge measurement with examples.

Knowledge Discovery

The common types of knowledge discovery.

Corporate Memory

A definition of corporate memory with examples.

Document Quality

The common types of document quality.

Knowledge Examples

The definition of knowledge with examples.
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