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2.3.1 Tangible and intangible assets

The operational resources required may be divided into tangible and intangible assets that are required for the planning period.

Intangible assets usually relate to assets the business requires to achieve standard workplace operational outcomes, that are intangible, have no physical substance and are not fixed or capital assets. Examples may include services, copyrights, patents, trademarks, goodwill, and knowledge. These may include operating resources which also refers to non-fixed assets.

Tangible assets usually have a finite life and while they last contribute to the organisation's capacity to generate profits, add value, meet performance targets and sustain a viable strategic purpose. These may include equipment, land, buildings, furniture and fixtures and such like. These may also include fixed or capital resources.

Knowledge assets have been previously defined another topic area (on Knowledge Management) as assets an organisation owns or needs to own to enable its operations to generate profits, add value, meet performance targets and sustain a viable strategic purpose. Knowledge assets are usually viewed as intangible assets.

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