Why are intangible important?

Answer 1

Intangibles are important because they represent valuable assets that contribute to a company's competitive advantage and long-term success. They include elements such as brand reputation, intellectual property, customer relationships, and employee expertise, which can significantly influence market performance. Unlike tangible assets, intangibles often drive innovation and enhance customer loyalty, ultimately leading to increased profitability. Their significance continues to grow in the knowledge-based economy as businesses increasingly rely on these non-physical factors for growth and differentiation.