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value of intellectual property can be associated with the core of small-enterprise-IP-strategy that is attributed to the use of the intellectual property. In addition to assisting in the valuation of intellectual property, the three methods(cost approach, market approach, income approach) are useful in deriving royalty rates at which the subject intellectual property can be licensed. Specifically, a company lacking intangible assets and technology would be reduced to operating a commodity-oriented enterprise where competition and lack of product distinction would severely limit the potential for profits. The three approaches(cost approach, market approach, income approach) are discussed in this article. Although we believe that these approaches are universal in nature, and that they ought to be applicable in any property situation anywhere in the world, we must recognize that there may be legal, economic, and practical restraints to applying them in precisely the way. 1) cost approach One might think that the application of the cost approach from country to country would be quite uniform, but individual factors can affect its application. One of the practical matters that has to be addressed is the availability of the subject property in the country in question. We have become accustomed to assuming that almost any kind of property would be readily available and are not used to thing in terms of substantial delays that might be experienced in the replacement cost element. 2) market approach Of the three standard valuation approaches, the market approach is probably the most difficult to apply internationally, especially in less developed countries or those that are emerging from state-controlled economies. Markets may be very thin, with very few transactions. There may be no real sales because of legal or political restrictions. 3) income approach The ingredients for the income approach are universal(the amount of income, the duration of income, and the risk of achieving it). But our ability to apply this approach may vary considerably from country to country. The uncertainty relates to accounting standards and so on. The world of commerce is imploding. Despite all of the business communication problems noted, process continues. We are of the opinion that intellectual property will continue to be the focus of the exports and imports. By the way we should solve the valuation problem rationally.