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Getting the most out of your IP – patent management along its life cycle

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abstract Effectively managing and optimizing the value of the patent portfolio is a major challenge for many firms, especially those in knowledge intensive industries, such as the pharmaceutical, biotechnological and chemical industry. However, insights on effective patent portfolio strategies are rare. Therefore, in this article we investigate in detail how firms successfully manage and optimize their patent portfolios to increase their overall competitiveness. We discover that successful patent portfolio management is rooted in managing the patents along their life cycles. Based on the findings of ten case studies, we develop a holistic patent life cycle management model reflecting five distinctive phases of patent management: explore, generate, protect, optimize and decline. We conclude with how our findings can be used in practice.
   
type journal paper
   
keywords Intellectual Property Management, Patent Management, Portfolio Management
   
project External technology exploitation - Involvement of technology market
language English
kind of paper journal article
date of appearance 30-3-2012
journal Drug Discovery Today
publisher Elsevier Science (Amsterdam)
ISSN 1359-6446
ISSN (online) 1878-5832
DOI 10.1016/j.drudis.2011.10.025
volume of journal 17
number of issue 7/8
page(s) 281-284
review external review
   
citation Bader, M. A., Gassmann, O., Ziegler, N., & Rüther, F. (2012). Getting the most out of your IP – patent management along its life cycle. Drug Discovery Today, 17(7/8), 281-284, DOI:10.1016/j.drudis.2011.10.025.