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Intellectual Property and Boards of Directors: Conclusion and Next Steps

Regardless how long you’ve served as a member of the Board of Directors for your company, you may have seen some information here that you had never before considered. As we said from the beginning, intangible assets such as intellectual property are often overlooked—though less now than ever before. Our hope is that we not only introduced some information that can help you as you serve as a Board member, but also that we provided the “why.” 

How Efficient Is the Company in Generating and Capturing Inventions from R&D?

In our last installment, we discussed the absolute and relative spend on research and development, and how Boards should certainly be sure to keep watch over these expenditures.

Why R&D Spend and Patents Should Be Crucial to Boards of Directors

For decades, boards of directors held to the adage, “If you can’t measure it, you can’t manage it.” That standard business expression seemed cut out specifically for intellectual property and other intangible assets. For that reason, most companies have a poor track record of crafting IP strategy and managing their intellectual property assets. Boards of directors simply didn’t think of intellectual property as a business tool. Instead, it was something for the lawyers to handle.

Why Boards of Directors Must Consider Intellectual Property During Business Planning

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Examining the Relative R&D Spend to Patent Costs

Product development is an expensive venture. On one side, there are the costs of researching the market and developing the solutions; on the other, there are the costs of protecting those innovations through obtaining patents.

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YEAR-END PLANNING: Bring SMART IP objectives into your organization

In recent years, the use of S.M.A.R.T. objectives has moved from the domain of project management into corporate performance and personal development. S.M.A.R.T. criteria and objectives are built upon a sound foundation and provide corporate managers and leaders with actionable criteria to identify and craft personal performance objectives and to set and measure progress towards strategic goals and tactical milestones. 

Written by Alex Butler

Patents in Security Field - From Technology Review & IPVision

UPDATE: $7.7 Billion Update to Patent Perspectives Report (Intel Acquires McAfee)

MIT's Technology Review's July - August issue includes anin-depth briefing on information security. In working with Technology Review, we assessed over 20 companies identified by Technology Review's editors across a spectrum of activities to support this briefing and to provide a supplemental report on key patent drivers and on patent positions in the industry.