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All of these take place within an environmental context that includes the financial markets, the economy, competition, labor markets, regulatory environments, and other environmental factors. These results can be, in my experience, best conceived as a progression of outcomes moving from intangibleassets to tangible outcomes.
Consider the dramatic shift in the types of assets that create market value. According to Ocean Tomo, a consulting firm focused on intellectual capital, physical assets (plant, property, and equipment) made up more than 80% of the market value of the S&P 500 in 1975. How much is changing?
Many workers have found, well into their careers, that their physical skills for making and transporting “things” are less relevant and valuable than the once were. New workers embarking on their careers are finding that their education is incomplete in many areas essential to our technology-driven lives today.
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