Development of Knowledge Assets Valuation Model

Knowledge assets which are related to an organization's core business can ensure its competitive edge in business competition by transforming knowledge into Roods and services. By understanding the value of their knowledge assets, it will help the companies to manage and retain their precious knowledge. However unlike physical asset. Knowledge Asset is intangible and there are inadequacy techniques to measure the Knowledge Asset. The value of the Knowledge Assets varies, depending on human cognition and awareness which includes context sensing, personal memory and cognitive processes. This paper reviews existing framework in measuring intangible assets and proposes to develop a model that defines the value of Knowledge Assets.