Six key processes to create an IP strategy have been outlined by James Malackowski of the IPC group.  They included by first performing an IP self-assessment.  By interviewing general managers across a Corporation and looking at the number of yes versus no responses to following questions creates a self-assessment that indicates the degree of training needed. Questions to be answered by each ofthe general managers are: Is intellectual property tracked by senior Corporation management? Have I developed an IP business plan? Have I mapped my intellectual property assets to the company’s strategic objectives? Do I have an accurate inventory of my patents? To have an accurate inventory of my domain names and trademarks? Do I have an accurate inventory of my business processes and software? Do I track my competitor’s intellectual property? Have I considered the tax advantages of proper intellectual property management? Does my intellectual property have a defined lifecycle strategy? Have I capitalized on recent changes in the intellectual property environment?