Month: April 2020

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Intellectual Property Strategy – An Integrated Approach to Aligning your IP Assets with your Business Strategy

What is an Integrated Intellectual Property (IP) Strategy?

In the broadest sense, an Integrated IP Strategy refers to a comprehensive strategy that accounts for the specific details of a particular entity and its IP opportunities. This will be different for every company, creator, and IP owner because strategy is, in its very essence, built on market and resource heterogeneity, rather than homogeneity. Consequently, the optimal IP strategies for two different entities, technologies, market, or even business divisions within the same company will uniquely correlate with those circumstances that are unique to each situation.

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Building a Business or IP Strategy? Be Strategic with your Strategist

How do you evaluate an attorney or consultant who says they do strategy?

Make sure to ask the right questions, and get the real answers they probably won’t tell you.

Here’s the first in a short series of questions taken from multiple actual “patent strategy” engagements with expensive, high-profile East-coast and Silicon Valley law firms who made a lot of money without making a meaningful contribution to the client’s patent portfolio strategy.

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Four of the Fastest Fixes for your Patent Portfolio

Everyone is in crisis mode right now. Even businesses that are doing still generating acceptable revenues should recognize these turbulent times as an opportunity to implement a couple quick fixes to your patent portfolio. In case your portfolio growth has been lacking direction lately and growing without enough direction and deliberation, here are a few of the fastest ways to begin right-sizing your portfolio and controlling your costs.

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Can you explain how your Patents and IP support your Competitive Advantage?

At its core, strategy is all about competitive advantage. Strategy is fundamentally about how to gain and sustain an advantage over direct and indirect competitors. Competitors, of course, include anyone seeking or drawing revenue (or attention) from the same market segments you are pursuing.

So then, why is your IP Strategy so disconnected from competitive advantage?

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