Intellectual property management involves identifying a company's intangible assets like patents, trademarks, and copyrights, establishing processes to protect them, and using the intellectual property to gain a competitive advantage and inform business strategy. Good intellectual property management practices allow companies to benefit from their innovations and creative ideas. Without effective intellectual property management, companies risk failing to protect their assets, infringing on others' intellectual property, duplicating existing work, missing opportunities to generate revenue from licensing, and facing legal issues that could damage their reputation.

1. Importance of Intellectual
Property Management

2. INTELLECTUAL PROPERTY
Geograph
ical
Indication
s
Patents
Trade
Marks
Intellectual
Property
Copyright
Registered
designs
Plant
Varieties
Trade
secrets

3. Intellectual Property Rights Can Save
Product
• Patent for the fountain pen
that could store ink
• Utility Model for the grip
and pipette for injection of
ink
• Industrial Design: smart
design with the grip in the
shape of an arrow
• Trademark: provided on
the product and the
packaging to distinguish it
from other pens

4. • Companies such as IBM, Motorola, Philips, Canon,
Hitachi, Microsoft file over 1000 patents a year.
• IBM earns over US$ 1 billion a year from patent licensing
revenues
• US Patent License Royalties (in billions US$:
$120
$100
$80
$60
$40
$20
$0

6. • Over 80% of the market value of Microsoft
derives from its intangible assets.
• The value of the Coca-Cola trademark
exceeds US$ 50 billion.

7. Title
IP management (IPM) involves
ascertaining the company's intangible assets,
designing management processes to safeguard them, and
utilizing the IP assets to help determine the competitive edge
and formulate the growth strategy for the company.
It is essential to have good IP management practices in place
so that the company can benefit from their creative ideas and
innovative solutions.

8. IP Management As A Task
• Task
Management of Intellectual Property
• Goal
Creation and utilization of intellectual
property.
• Target
Maximizing the profits.

9. IP
Procurement
IP
Creation
IP
Monetization
Intellectual
Property
Management
Management
of IP Strategy
Portfolio
management
IP
Compliance

10. Importance of IP Management

11. Consequences of not managing IP
• Failing to protect assets
• Infringing others assets
• duplication of efforts to redevelop
existing needs
• loss of potential benefits (revenue,
reputation, industry development) from
failing to commercialize
• low moral and stifle innovation

12. Importance of IP Management
• Improved Financial Performance
• Unlocks hidden value of IP.
• Opportunity to generate cash from licensing.
• Enables cost savings and increased revenue.

13. • Improved Operational Performance
• Enables more informed decision making
by management by because of their
understanding of what IP assets are
owned, what is needed to operate and
their IP value.

14. • Improved accountability of resources
• Know what IP is known
• Know what IP is core , secondary or
surplus to activities.

15. • Improved Risk Management
• Minimizes risk of legal action for infringing.
The risk include potential damages,legal
costs and damaged reputations.