In the last few decades, economies have witnessed a shift in value from tangible assets to intangibles. It is a phenomenon taking place within organisations as well. In this same period, organisations have seen a steady rise in intangibles and a noted decline in tangible assets on their balance sheets.
Numerous research studies indicate that tangible assets such as land, building, machinery and motor vehicles account for less than 10 percent of the total assets on an organisation’s balance sheet today.
