Chapter 1. Information Economy, Intellectual Capital
Executive summary
In the information economy, businesses depend on information and a substantial proportion of their value is made of intangible and information assets. The board has a fiduciary duty to protect and preserve these assets.
The information economy
The new information, or knowledge, economy is (as we all know) fundamentally different from the old manufacturing one. Information interchange has speeded up the globalization of markets, products and resourcing. This has lead to increasingly similar shopping streets selling increasingly similar products throughout the developed world. Over 70% of workers in developed economies are now knowledge, rather than manual, workers – including those ...
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