Post by account_disabled on Dec 31, 2023 21:46:01 GMT -8
Ideas as well as internal ones , as well as internal and external paths to market as they seek to advance their technology. Selective use of research conducted elsewhere can bring new ideas and capabilities to a company, increasing its productivity and profits, preventing it from having to reinvent the wheel, and saving significant amounts of money. While many companies strive to reconcile the two approaches, often finding that their IP strategies hinder their efforts, this is not necessarily the case. Companies that know how to use intellectual property strategically actually make it an enabler of their activities and an enhancer of the returns on those efforts. When Strategy Can Be Toxic If your.
IP department decides when and who you work with, your strategy will be severely limited. Many large companies have essentially a no-patent, no-talk policy: they won't work with another party if that party hasn't at least filed for a patent. While this approach might prevent them from being accused of stealing technology, it also means they miss out on a range of potentially valuable outside ideas that Job Function Email List haven't been patented yet, or haven't been patented at all. This one-size-fits-all approach to intellectual property is often unhelpful. (See When Intellectual Property Disables or Enables Open Innovation.) ones implementing this potentially misguided policy. Universities around the world are increasingly insisting on their own intellectual property terms before partnering with industry.
These approaches pose a major obstacle to working with some of the brightest minds, blocking critical input. About the author The author is from Imperial College Business School, London, where he is a postdoctoral fellow, a lecturer, and a fellow and reader at the Institute for Advanced Management Studies. References, Open Innovation: New Requirements for Creating and Profiting from Technology (Boston: Harvard Business School Press, 2011). , Strategic Management of Intellectual Property, MIT Sloan Management Review , Vol. (Spring): . Show all references Acknowledgments We would like to thank the Center for Innovative Research UK.
IP department decides when and who you work with, your strategy will be severely limited. Many large companies have essentially a no-patent, no-talk policy: they won't work with another party if that party hasn't at least filed for a patent. While this approach might prevent them from being accused of stealing technology, it also means they miss out on a range of potentially valuable outside ideas that Job Function Email List haven't been patented yet, or haven't been patented at all. This one-size-fits-all approach to intellectual property is often unhelpful. (See When Intellectual Property Disables or Enables Open Innovation.) ones implementing this potentially misguided policy. Universities around the world are increasingly insisting on their own intellectual property terms before partnering with industry.
These approaches pose a major obstacle to working with some of the brightest minds, blocking critical input. About the author The author is from Imperial College Business School, London, where he is a postdoctoral fellow, a lecturer, and a fellow and reader at the Institute for Advanced Management Studies. References, Open Innovation: New Requirements for Creating and Profiting from Technology (Boston: Harvard Business School Press, 2011). , Strategic Management of Intellectual Property, MIT Sloan Management Review , Vol. (Spring): . Show all references Acknowledgments We would like to thank the Center for Innovative Research UK.