Some companies are built to conduct research and product development and new technologies that will be incorporated into components manufactured by other organizations. Qualcomm and Fallbrook technologies are but two examples of US companies who use R&D organizations create intellectual property and other forms of IT to meet the challenges in their respective [...]
When large corporations take a look at their intellectual property assets many find that those assets are underutilized. This is particularly true in organizations that derive their profits and revenues from sales of tangible products and services to customers. In these organizations intellectual property is predominately used to give those offered products and [...]
Tom Hunt summarized how a value chain approach to IP management can guide patent creation and prosecution. The value chain concept is a proactive strategic tool that is used to understand upstream and downstream uses of the technology or product that is been created. The approach is used because it can result in [...]
Patent/Product/Revenue Table For proposed new patent applications that are going to cover new products that will fit into the existing product lines that the company already sells, the “Patent/Product/Revenue Table” is used to look up the revenue and profits of those very similar items. If the similar products are generating strong revenues and [...]
"IP Value" Map The second test is to evaluate the application using the “IP Value Map” figure (also more completely described in previous posts). This second mapping is done by comparing the proposed patent application to other similar prior art, and commercial products and services known to the project team. Again new patent [...]
"Use" Map The first test is to evaluate the application using the “Use Map” figure (more completely described in chapter 13). This mapping done is to ensure the new patent application’s relevance to the corporations mission vision objectives. This proposed patent applications that map into the upper left-hand quadrant of the decision matrix [...]
Best practices in patent portfolio management are dependent on a number of factors, including the industry, technology, company, and personal risk tolerance. But by examining historical behavior, it is possible to find some commonalities among them that provide good general rules to go by. For overall portfolio management see the section in Chapter [...]
Key Fuzzy Front End IP Decision Criteria In their work on Fuzzy Front End processes, Yonghee Cho and his colleagues were able to identify techniques which can help with IP evaluation and selection in the fuzzy front end (FFE) of new product development (NPD) process. Based upon 300 companies in US based electronic [...]
As a guideline to processing proprietary information agreements, the following generalized process for large corporations is recommended as a guide. There is ideation management software available that integrates such processes with email systems to reduce the time taken for execution. The steps are: 1. The Originator determines if there is confidential information that [...]
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