Can you map out your IP positions vis-à-vis your competitors, and identify white spaces?
Do you know whether your company’s ideas are strategically and timely reviewed for IP protection?
Are you tracking and monitoring your competitor’s IP and your technology directions?
Do your legal advisors understand your business challenges, and those of the competition?
Do your legal advisors know your IP portfolio and its strategic relevance to your business?
Can you be sure that your significant investment in technology is being fully protected?
Are you being provided potential IP solutions or options to accelerate your business?
Do you know what value your IP is providing to your business and shareholders?
Does your company have an IP Policy and a documented IP Strategy?
Developing an IP Strategy is a complex interaction of essential business, technical and legal inputs toward creating a broad action plan for establishing objectives, providing resources, and endorsing the tactics to achieve them. Objectives are the tangible, measurable result or outcome utilizing people, skills and money, the resources required to execute the tactics.
Every unique business must have an IP Strategy specifically designed and implemented for offensive or defensive purposes and aligned for maximizing competitive commercial advantages.
An IP Strategy requires establishing a cost effective, commercially valuable, global IP portfolio with a business view of securing competitive advantage by exclusionary, protective, licensing or enforcement means, coupled with timely and appropriate IP risk assessment and mitigation for your commercialized technologies and products.
A well-designed IP Strategy is first driven by the business strategy, followed by the technology strategy supporting the business, and finally, an overarching IP legal strategy for protecting the technology, securing the IP and minimizing the risk, all designed for strengthening a sustainable business advantage.
Developing your IP Strategy requires time and resources because it requires understanding your business and your strategy, competitive advantages and disadvantages, the existing internal and competitive IP landscape, and your current and future technology strategy and directions. Also, important in developing the IP Strategy are your resource constraints for purposes of maximizing success and value creation.
I will spend whatever time is required with you to understand your business and technology, your IP positions and those of your competitors, and your challenges, goals and objectives.