Patent strategizing (original) (raw)
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Patent information for strategic technology management
The information in patent data can be used for strategic planning purposes. A conceptual framework is developed showing the use of patent information in core areas of technology management. This paper addresses how patent information can be used for competitor monitoring, technology assessment, R&D portfolio management, the identification and assessment of potential sources for the external generation of technological knowledge, especially by means of mergers and acquisitions, and human resource management. Indicators of patenting strategies and various portfolio concepts which can be used for these purposes are described. Because of its strategic value, it is argued that the retrieval and evaluation of patent data should be institutionalized within the organization in order to ensure the continuous and systematic use of patent information in a companyÕs decision-making processes. How patent information becomes a core element of a firmÕs knowledge management system is outlined. This type of strategic patent information is geared toward two important recipients: (1) senior management who uses this information for decision-making purposes in important areas of technology management and (2) external stakeholders of the firm, such as shareholders and analysts, who have an increasing interest in assessing a firmÕs technological competence because of its strong impact on the firmÕs future competitiveness.
Patents and patent portfolios are valuable assets. Companies need a conceptual structure to assess the value of their patent portfolio. This paper develops a practical and reproducible framework that can support scholars and practitioners to leverage the value of patents and to extract all possible strategic information from patent portfolio. The patent assessment process aims at comparing and contrasting the management of patents to the company’s technologic and innovative strategy. The framework employs determinants of patent value that are elicited from patent databases, such as claims, citations, and market coverage, and that are expressed in terms of judgments achieved by interviewing involved managers, such as strategic relevance and economic relevance. The paper examines the main methodological issues in assessing patent portfolio value then, it describes the characteristics of the framework; subsequently, it illustrates the implementation of the proposed framework into two companies which operate in the aerospace and defense sector. The two implementations show that the framework can be used for strategic planning and strategic technology management.
The strategic use of patents and its implications for enterprise and competition policies
Report commissioned by European Commission, 2007
Institute for Innovation Research, Technology Management and Entrepreneurship, University of Munich, Kaulbachstraße 45, D -80539 Munich, Germany, email: harhoff@bwl.uni -muenchen.de ... Professor in the Graduate School, University of California at Berkeley, 549 Evans Hall, Berkeley, CA 94720 -3880, US, email: bhhall@econ.berkeley.edu ... Institute for Innovation Research, Technology Management and Entrepreneurship, University of Munich, Kaulbachstraße 45, D -80539 Munich, Germany, email: graevenitz@bwl.uni -muenchen.de
Purpose-Several causes may induce firm managers to analyze the actual technology condition of patent portfolios, among which is the need of exploiting patents strategically. In this paper, the question of how to support Intellectual Property managers of large high technology companies in their strategic decision-making process of evaluating patents is examined. The purpose of this paper is to provide a decision support framework that suggests the suitable exploitation strategy for patents. Design/methodology/approach-The paper proposes an audit framework able to point out whether patents are aligned to the overall business strategy, to select those that are not aligned, and to identify the most appropriate exploitation strategy for each patent of the portfolio. The framework is structured into two phases: in the first one, patents are selected through the analysis of four dimensions that characterize the value of patents effectively; in the second one, a questionnaire is distributed to IP managers in order to support their decision on patents. The paper illustrates case-based applications of the framework. Findings-Results of applications show that the framework is able to suggest Intellectual Property managers the suitable exploitation strategy on four possible alternatives (maintaining, licensing, selling, abandoning) for each patent of their portfolios. Originality/value-The framework is an innovative and valuable tool to Intellectual Property managers, and besides its structural formulation, it is appreciable in terms of application expedition and efficiency of performance.
Strategic management of innovation and patenting performances
2003
This paper intends to contribute to the literature on the determinants of firms' patenting performances. In this respect it puts forward several new hypotheses related to the relationship between the strategic management of innovation and patenting performances. It relies on an original survey questionnaire on innovation competencies, innovation strategy and the perceived innovation barriers of 148 large firms in Belgium. The econometric results confirm several hypotheses already tested in the literature, including the positive impact of firm size, market concentration and technological opportunity. In addition, innovation strategy (e.g., product vs. process innovation; university partnership; the share of basic and applied research in total R&D), innovation competencies (e.g., ideas storage and codification ; use of academic information), and barriers perception (e.g., internal barriers ; risk/cost barriers) are all significant determinants of patenting performances.
2007
This report was commissioned as a study into the strategic use of patents. In the course of its case investigations and legislative reviews the European Commission became aware of changes in the use of intellectual property, in particular the use of patents. It was noted that firms’ uses of intellectual property are becoming increasingly strategic. This raised concerns about the implications of firms’ patenting behaviour for enterprise and competition policy. The following report contains a comprehensive review of patenting behaviour, the extent to which patenting is becoming more strategic and the implications this has for competition and enterprise policies .
Towards Understanding the Role and Value of Patents in a Knowledge-Based Economy
DAAAM International Scientific Book, 2013
Patent, as a form of intellectual property has existed for centuries with the underlying purpose of balancing between the interests of the inventor and those of the society and thus stimulating innovation, research and creativity. For a long time patents were mainly deployed for two fundamental strategic purposes -to sustain exclusion rights or in cross-licensing negotiations with competitors. However, with the entrance of non-producing patent dealers (e.g. Intellectual Ventures, Rambus, Rembrandt IP, Acacia Technologies) to the high technology market, the strategy of "being infringed" has emerged as the new stream in the strategic use of patents. Patent dealers have reached an exceptional growth rate in scale and scope of operations and today they significantly affect companies of all sizes in many industries, not only in the high technology sector. Moreover, the new strategy and new players changed the basic postulates in understanding the use and value of patents. This chapter is intended to review the role of patents in a knowledgebased economy and the various ways patents are used and valued today, to identify emerging trends and to outline the areas where further research is needed.
This essay is meant to discuss the patenting strategy of firms. It is started with patent as appropriability mechanism and patent counts as the innovation output indicator, followed by discussion why there are problems by taking it as a measure of innovation. The motivation of firms for patenting is elaborated in which there are strategic motives for patenting for firms beyond traditional protecting motive from imitation. The different motives for patenting among firms with different type of technology and the relative importance of patents for appropriating their innovation as well as a phenomenon called “patent paradox” are further discussed. I look into the literatures about the definition of patenting strategy of firms and how the strategies in patenting are different across technological knowledge and industries. Furthermore, I delve further into the role of firm size in patenting strategy. Some empirical researches suggest that there is a positive relationship between firm size and patent propensities. The discussion will be finalized by looking at the patenting strategies of firms in developing countries. Beside the fact that there are very few studies covering developing countries, some scholars suggest that there are specific factors that need special attention.