Intellectual Property Strategic Plan for “Company’s Product Line” Business This document sets out a strategic plan for “Company’s Product Line” Business. It reviews strengths, weaknesses, threats and opportunities; presents a series of statements relating to “Company’s” vision, mission, values and objectives to provide context; sets out the Business strategies and goals to again [...]
Strategic patenting for many means creating and claiming intellectual property in targeted areas that are intended to create future industry recognized value. The early leaders in this field were Jim O’Shaughnessy at Rockwell and John Cronin at IBM. What they found is that by thinking about what the future might hold, they could [...]
Again, excerpting from KPMG “The Value Of Ideas, A Business Process Considerations Guidebook”, the benefit of an intellectual property plan is that it allows a company to plan its intellectual property management activities, establish goals for the performance of those activities, and evaluate how well those goals are being met by the intellectual [...]
R&D Game Types When looking at the questions to be answered and elements to be included in a IP Strategy in the section above, it is somewhat overwhelming. To make creation of an IP Strategy somewhat easier, the way various industries utilize R&D and IP to create and sustain an advantaged business position [...]
The strategic intellectual property process is developed by building the organization structure, the business processes, and the intellectual property methodologies to provide all that is needed to realize maximum value from intellectual property. Many of the concepts which are set out below are shown in the section “Example of an IP Strategic Plan”. [...]
Almost all of the major consulting companies have established definitions and methodologies for constructing and intellectual property plan. One of the best articulated definitions of such a plan was published by KPMG in “The Value of Ideas, A Business Process Considerations Guidebook.” Excerpting from their document, an intellectual property strategy provides the master [...]
The purpose of a good intellectual property strategy is to obtain for the Corporation the sustainable advantaged business position. The key words in the sentence are sustainable over time and advantaged versus competition. In extreme cases the advantage becomes that of a monopoly. The traditional view of monopolies as “asset-based” are those with [...]
One of the better definitions and distinctions between trade secrets and know-how when it comes to intellectual property strategies comes from Vertex. The terms “know-how” and “trade secrets” are often used interchangeably. However in the context of a business, the meaning of these terms can be quite different. It is critical their precise [...]
When thinking of intellectual property as a class of assets it is sometimes helpful to distinguish it from the many other types of assets a business employs. In a working paper Peter Weill and his colleagues defined for basic business model archetypes shown in the “Business Model Archetypes” figure. Business Model Archetypes Although [...]
In 2002, John Cronin noted that for most Fortune 500 companies, 95% do not have an IP strategy or even know what an IP strategy really is. Not much has changed over a decade later. Still only 5% of companies interviewed say that they have an IP Plan but Cronin believes they do [...]
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