Valuation of Technical Knowledge
In general, every business owns three types of assets. Monetary assets include money, credit or loans, physical assets including equipment, land, buildings, goods and inventory, intangible or intangible assets including any other non-physical assets (technical knowledge and technology, trademarks, copyrights, patents , Legal licenses).
Today, the intellectual or intangible assets of companies in global trade and earning more income for small and large enterprises are of great importance.
One of the most difficult activities in technology is valuing them. Because technology is a spiritual asset and has intangible value, translating its intangible value into tangible and expressing it in monetary language is a very difficult and complex task that requires a lot of study, research, and training.
A variety of valuation methods
In general, there are two basic approaches to pricing:
- The first approach: using experimental methods based on trial and error to estimate price (thumb rules)
- The second approach: using scientific and mathematical methods to estimate prices
Fingerprint estimation, as a common method in enterprises, is an estimate based on the mentality of experts and their experience of the value of the product, based on which a price is set for presentation to the market and then adjusted based on feedback received from the market.
This method is not very useful, because there are different costs, revenues, and risks for different royalties, but it is used as a simple method.