Best Innovation Practices from an Intellectual Property Management Perspective

Intellectual Property Management is closely integrated with the Technology R&D, New Business Development, and Human Resources functions.

Background specific to those working in Intellectual Property Management is offered below:

1. Make Sure Your Company Will Support Your Intellectual Property Management efforts:

• Your efforts have to align with your Company’s Business Direction.
  • Read about how Clear Company Vision, Mission, Goals and Values Are Critical for Business Success
• Your Efforts have to align with your Company’s Strategic Plans.
  • Read about environmental and global business Factors that Affect Strategy Development
  • Read about the various aspects of an Intellectual Property Strategic Plan so you can create a plan that will make your company successful.
  • Be sure to double check how your work fits in not only into the Intellectual Property Strategy, but also how they Integrate into the Business, Technical, and HR Strategic Plans of your Company.

2. When You Conduct Your Intellectual Property Management efforts, Run Them Well:

• Run your project consistent with how your company behaves.
  • Read about Intellectual Property Processes

3. As Your Project Progresses, Keep Your Eyes Wide Open:

• Remember that “the-devil-is-in-the-details” when it comes to the actual day-to-day Intellectual Property Management work. A good IP leader knows how to pivot and use the right mix of IP Databases and management tools to make wise decisions.
  • Read about the Details of Managing IP Projects.
  • Read about Valuation of Intellectual Property, Intellectual Assets and Intellectual Capital.
• Make sure you know what your suppliers, customers, and competition are doing.
  • Read about how IP databases can enhance Competitive Intelligence Projects

4. When Your Project Needs More Resources:

• Consider external sources of support
  • Read about how the Intellectual Property Management role can aid in Accessing External Technology

5. As You Undertake Your Intellectual Property Management Efforts, Understand How Your Senior Management Will Evaluate You And Your Activities:

• Know how they and your Company’s shareholders measure success
  • Read about Measurement of Intellectual Property and R&D Management for Executive and Shareholder Use