The International Intangible Management Standards Institute has led the world in numerous areas related to intangible value. It is the developer and originator of :
1. Intangible management
2. Intangible finance
3. Intangible economics
4. Intangible risk management
5. Intangible project management
6. Intangible accounting
7. Intangible bookkeeping
8. And more.
The Intangible Management Standards Institute was, for example, the:
1. First organization to scientifically, systematically, and comprehensively financially value and financially report the full range of intangible impacts on:
3. Cost effectiveness,
6. Profitability, and
7. Shareholder value.
2. First organization to systematically, extensively, and exhaustively identify the underlying laws, characteristics, and behaviors of intangibles so that they can be made visible to employees, managers, and executives and therefore managed in a scientifically consistent manner through application of intangible standards.
3. First organization to determine otherwise hidden sources of performance improvement by scientifically assessing the effectiveness of intangible impacts in terms of:
1. lost effectiveness (best practice gaps),
2. wasted time (intangible risks),
3. lost productivity and wasted costs (intangible costs), and
4. to financially value these activities to uncover valuable new sources of immediate performance improvement.
4. First organization to develop intangible standards to ensure the above is done in a systematically consistent manner throughout the world. There are now more than 40 international intangible standards created specifically to create new sources of cost, risk, time, productivity, earnings, and shareholder value management in compliance with today’s Service-Based (intangible) Economy.
5. First organization to classify the full range of intangibles thereby moving the intangible debate from an almost exclusive focus on goodwill, intellectual property, and brand to an understanding of full intangible value which also encompasses knowledge, collaboration, processes, engagement, leadership, service, satisfaction, and more
6. First organization to create standards-based software to scientifically, systematically, and visually map and audit how intangibles (as identified through standards) generate value, create productivity, result in cost allocations, generate risk, and allocate time as a means of showing how actual financial performance was generated and how much costs could be reduced, and productivity improved by increasing the effectiveness and efficiency of value creation through intangible standards.
7. First organization to be able to place a financial valuation on:
a. Actual productivity contributions regardless of where that contribution occurs within an organization
b. Immediate performance improvements from activities which are typically regarded as “just part of the job”
c. Required sustainability and cultural investments to maintain current productivity levels.
8. First organization to develop a systematic training and certification system to transfer skills and knowledge related to intangible management, intangible intelligence, and intangible valuation to members of the public.
9. First organization to develop a scientific and systematic approach to maximize earnings and minimize costs and risks given the operational realities of organizations operating in today’s Service-Based Economy.
10. First organization to show the systematic and scientific path to transition management thinking from manufacturing-based thinking (which either ignores intangible value or sees a small percentage of it) to a comprehensive methodology which fully reflects the new rules, methods, and practices required to manage value in an economic system where intangible goods (services) are the main creators of employment, economic growth, and financial returns.
The Intangible Management Standards Institute has also supplied the intellectual property for the following books:
Standfield, K., Intangible Management: Tools for Solving the Accounting and Management Crisis, Academic Press, 2002 http://www.amazon.ca/Intangible-Management-Solving-Accounting-Crisis/dp/0126633517/sr=8-2/qid=1161601884/ref=sr_1_2/701-4233667-8327508?ie=UTF8&s=books
Standfield, K., Intangible Finance Standards: Advances in Fundamental Analysis and Technical Analysis, Academic Press, 2005 http://www.amazon.ca/Intangible-Finance-Standards-Fundamental-Technical/dp/0126635536/sr=8-7/qid=1161601954/ref=sr_1_7/701-4233667-8327508?ie=UTF8&s=books
Through its professional membership, the institute seeks to transfer its skills and knowledge to other professionals. .