Conclusions
Strategic IP management is an essential ingredient in guiding the process of innovation to a successful execution and closing innovation value gaps. A total quality management approach to IP must be developed by organizations, which will facilitate portfolio optimization in terms of value, structure, revenue, income, and other parameters. IP analysis can provide early market and technology insights for disruptive innovation programs. In addition, IP strategy, analysis, and commercialization builds high-value and high-protection portfolios.
The open innovation paradigm places even more importance on effective, efficient, holistic strategic IP management. In addition, the open innovation approach encourages the generation of high-quality patents and high-value, high-leverage portfolios, and not necessarily large portfolios. This leads to a portfolio strategy of patent more carefully, not patent more, and overcomes the patent portfolio paradox. The innovation ROI will be stronger with high-strength patents and flexible, proactive IP-based business models.
Get Innovate or Perish: Managing the Enduring Technology Company in the Global Market now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
