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Article
Publication date: 11 May 2010

Robert Watson

The growth of the so‐called “knowledge economy”, whereby the primary sources of firm value are claimed to be an increasing reliance upon the exploitation and management of…

2910

Abstract

Purpose

The growth of the so‐called “knowledge economy”, whereby the primary sources of firm value are claimed to be an increasing reliance upon the exploitation and management of intangible assets that are not reported in company balance sheets, has led to a questioning of the continued relevance of conventional financial reporting and internal management information and control systems. The purpose of this paper is to evaluate the criticisms and proposed alternatives to conventional financial reporting and management control practices. As public policy makers appear to be increasingly convinced that there is an economically damaging “gap” in terms of small and medium size enterprise (SME) stakeholder understanding of intangible asset management, the paper also evaluates the arguments and evidence concerning the applicability and relevance of the problems and proposed alternatives to SMEs.

Design/methodology/approach

The paper reviews the criticisms, empirical evidence and proposals to improve financial reporting and internal management control practices by incorporating information on the value of intangible assets and in developing tools for better managing these assets.

Findings

The problems associated with identifying and valuing intangible assets and the fact that capitalising income (net profit) using an appropriate risk‐adjusted cost‐of‐capital provides an adequate estimate of value, appears to make most accounting researchers highly sceptical of either the need or desirability of including intangible asset values in the balance sheet. Moreover, the suggestion that firms – particularly SMEs – could increase their value by adopting more formal and comprehensive intangible asset management systems is highly suspect and appears not to be borne out in practice.

Research limitations/implications

The case study evidence in relation to the benefits to SMEs from adopting such tools – even when such tools have been specifically designed for SMEs and, along with consultancy advice, are made freely available to firms – is not encouraging and, in the view of this writer, does not provide any firm justification for significant further public involvement beyond considering including the topic in business start up course syllabuses.

Originality/value

The paper provides the first review of the relevance to the SME sector of the by now extensive conceptual and empirical body of work on the valuation, reporting and management of intangible assets.

Details

Journal of Financial Regulation and Compliance, vol. 18 no. 2
Type: Research Article
ISSN: 1358-1988

Keywords

Article
Publication date: 1 June 2002

George K. Chacko

Develops an original 12‐step management of technology protocol and applies it to 51 applications which range from Du Pont’s failure in Nylon to the Single Online Trade…

2625

Abstract

Develops an original 12‐step management of technology protocol and applies it to 51 applications which range from Du Pont’s failure in Nylon to the Single Online Trade Exchange for Auto Parts procurement by GM, Ford, Daimler‐Chrysler and Renault‐Nissan. Provides many case studies with regards to the adoption of technology and describes seven chief technology officer characteristics. Discusses common errors when companies invest in technology and considers the probabilities of success. Provides 175 questions and answers to reinforce the concepts introduced. States that this substantial journal is aimed primarily at the present and potential chief technology officer to assist their survival and success in national and international markets.

Details

Asia Pacific Journal of Marketing and Logistics, vol. 14 no. 2/3
Type: Research Article
ISSN: 1355-5855

Keywords

Article
Publication date: 1 March 1973

J. Forbes

October 31, and November 1, 1972 Master and Servant — Negligence — Furnace waste on loading platform — Proper broom for removing furnace waste not provided — Plaintiff…

Abstract

October 31, and November 1, 1972 Master and Servant — Negligence — Furnace waste on loading platform — Proper broom for removing furnace waste not provided — Plaintiff injured by slipping on loading platform in the course of loading operation — Whether defendant employers liable in negligence and for breach of statutory duty — Regulation 6 of the Construction (Working Places) Regulations, 1966 (S.I. 1966 No. 94).

Details

Managerial Law, vol. 13 no. 6
Type: Research Article
ISSN: 0309-0558

Article
Publication date: 1 June 2000

Robert Bittlestone

Takes a humorous view, using Sherlock Holmes and Dr Watson, in setting up a hypothetical case of derivative investigation by the two sleuths. Asks a few questions along…

1346

Abstract

Takes a humorous view, using Sherlock Holmes and Dr Watson, in setting up a hypothetical case of derivative investigation by the two sleuths. Asks a few questions along the way and uses a figure to add emphasis to “the entangled equilibrium of principal and interest”. Cryptic clues abound in this with a good message for practitioners.

Details

Balance Sheet, vol. 8 no. 3
Type: Research Article
ISSN: 0965-7967

Keywords

Content available
704

Abstract

Details

Journal of Financial Regulation and Compliance, vol. 18 no. 2
Type: Research Article
ISSN: 1358-1988

Article
Publication date: 1 March 2003

Steven A. Watson, Robert G. Brooks, Thomas Arnold, Kathy Mason and Cathy McEachron

This article explores the use of a quality management model by a public sector agency to implement a socially responsible purchasing initiative related to minority…

Abstract

This article explores the use of a quality management model by a public sector agency to implement a socially responsible purchasing initiative related to minority diversity of the vendor pool. There is a description and discussion of the use of a quality management model for planning and implementing the initiative with a focus on changing organizational culture and reinforcing organizational policy priorities. The initial success of the initiative in increasing total contracted dollars to minorities suggests that a quality management implementation model is a useful approach for initiating a socially responsible policy within an organization.

Details

Journal of Public Procurement, vol. 3 no. 3
Type: Research Article
ISSN: 1535-0118

Content available
Article
Publication date: 11 August 2020

Vaughn W.M. Watson and Robert Petrone

250

Abstract

Details

English Teaching: Practice & Critique, vol. 19 no. 3
Type: Research Article
ISSN: 1175-8708

Article
Publication date: 1 August 1960

SINCE the critical days immediately prior to the Second World War when Sir Robert Watson‐Watt and his team of research workers successfully applied the principles of…

Abstract

SINCE the critical days immediately prior to the Second World War when Sir Robert Watson‐Watt and his team of research workers successfully applied the principles of radiolocation, Britain has remained in the van of world development and production of radar for both military and civil purposes. The same statement might be applied generally to British endeavour in the wider field of aviation electronics and here, as many leaders within the industry have been quick to point out, is an export ideally suited to this country. The principal requirements for success with these types of products are not vast industrial resources and large quantities of raw materials but inventive genius and readily available capital to exploit new discoveries by rapid development and production. It is generally acknowledged that we have rich reserves of the former, and with generous Government backing for military projects in the past we have been able to keep pace with developments in other countries. However, there is now an indication that the Government intends to achieve short term economies in national expenditure by buying foreign products off the shelf for military applications instead of providing money for the development of suitable British electronic equipment.

Details

Aircraft Engineering and Aerospace Technology, vol. 32 no. 8
Type: Research Article
ISSN: 0002-2667

Content available
Book part
Publication date: 3 September 2019

Jeffrey Berman

Abstract

Details

Mad Muse: The Mental Illness Memoir in a Writer's Life and Work
Type: Book
ISBN: 978-1-78973-810-0

Article
Publication date: 1 February 1901

At a recent inquest upon the body of a woman who was alleged to have died as the result of taking certain drugs for an improper purpose, one of the witnesses described…

Abstract

At a recent inquest upon the body of a woman who was alleged to have died as the result of taking certain drugs for an improper purpose, one of the witnesses described himself as “an analyst and manufacturing chemist,” but when asked by the coroner what qualifications he had, he replied : “I have no qualifications whatever. What I know I learned from my father, who was a well‐known ‘F.C.S.’” Comment on the “F.C.S.” is needless.

Details

British Food Journal, vol. 3 no. 2
Type: Research Article
ISSN: 0007-070X

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