Why have they not “got it”?
In a
post at the end of last year, I wondered why I had got it wrong. I searched for reasons for companies not jumping into IP commercialisation.
However, there is another explanation of why governments, policy makers and even sophisticated companies have not “got it”.
First let me set the scene:
Often I have quoted the Ned Davis Research that found that in 1975, 16.8% of the market value of the S&P 500 companies was attributable to intangible assets. By 2005, the ratio had grown to 79.7%. This is an impressive change in economic structure over a relatively short period.
But the story does not stop there.