In the context of resources and core capabilities, what is considered a tangible asset of an organization?

A tangible asset refers to physical items that an organization can utilize in its operations or leverage for its value. In this context, real estate is a prime example of a tangible asset, as it consists of physical property that the organization owns or controls. This includes buildings, land, and any other structural improvements that can be directly measured or valued.

Tangible assets typically have a clear accounting value and can be seen, touched, and physically manipulated, which differentiates them from intangible assets. In contrast, goodwill, intellectual property, and brand reputation are considered intangible assets because they represent non-physical resources that contribute to a company's competitive advantage, yet cannot be quantified as physical items. While these intangible assets can significantly enhance an organization's value and market position, they do not qualify as tangible assets.