Stages of intangible assets reproduction

Abstract

The idea of classical and modern scientists about the essence of economic cyclicality has been considered and significant differences in the understanding of both the content and components of enterprise resource reproduction cyclicity have been found. A theoretical justification has been provided as to the cyclical nature and composition of the intangible resources (IRE) reproduction stages of a company. A conclusion has been drawn that the economic cycle is an open circle or a "Hegelian" helix, which consists of the system development stages and provides for a return to the initial stage, but at a new level. The reproduction of resources is proposed to be understood as a process of continuous recovery of consumer qualities. The stage of reproduction of resources is defined as a phase, a part of the process of reproduction, which qualitatively differs from others. The reproduction of IRE has been proved to generally consist of two stages (phases): creation (updating) and wear of IRE. The stages of costs reproduction of IRE are proposed to be the phase of expenditures on the creation (updating) of IRE and the phase of costs recovery (depreciation of IRE). A conclusion has been drawn that only full compliance of the cycles of costs reproduction and reproduction of consumer qualities provides balance and continuity of reproduction of IRE. For the purpose of comparison of two characteristics of wear cyclicity, namely, time and volume, the indicators of wear speed and acceleration are used, which makes it possible to justify management decisions. The speed of wear characterizes the amount of loss of consumer qualities per time unit. The acceleration of wear describes how rapidly the amount of consumer qualities decreases in a certain period of time. Prospects for further research are the development of theoretical foundations of the IRE reproduction effectiveness as well as analysis of characteristics and features of the stages of the reproduction cycle of certain types of IRE.