The late 1990s saw the rise of corporate valuations arising from ownership of various forms of intellectual property, rather than the traditional value arising from production and sale of goods or...

Introduction
The article is regarding the discussion of rise in corporate valuations resulting from the
ownership of intellectual property in spite of traditional value resulting from production and sale
of goods or services. This change was observed in the late 1990s. Now the business media is
completely full of articles about different companies and the competitive advantage enjoyed by
them in respect of intellectual property or intellectual capital. The industries which are based on
technology like genetic engineering are totally based on intellectual properties of new
companies. The capital utilized in Acme is more of human capital, structural capital, intellectual
capital and intellectual property. These four types of capital are basic requirements and are
essential for the functioning of Acme. The company is more concerned about the valuation of
intellectual property and as a company they are supposed to take a look at patents, trade mark,
copyrights, trade secrets and know-how. Managers with intellectual property knowledge and
intellectual property professionals are gaining importance as leaders in this age of information.
Intellectual Capital & Intellectual Property
Intellectual Property is called as the creation of mind namely, symbols, literary and
artistic work, inventions, symbols, images, designs and names used in commerce. Intellectual
Capital can be defined as the value of an organization’s employee knowledge, training about
business and any other proprietary information that may give a competitive edge to the company.
Intellectual Capital is a real business asset, although measurement of the same is a subjective
task....