Most innovators believe the best option for their intellectual property is to use it to exercise market power. But this is not the only option – and often it might not even be the best one.
The Android operating system (owned by Google) is one of the best examples that shows how massively successful collaborative approaches can be. And I believe we should not only see this on a corporate level. I am convinced that the same principles apply on the individual innovator’s level.
Learn about the 5 IP management strategies and how Google’s Android massively succeeded by using the 3 collaborative strategies.
More on strategic IP management
Here is an overview of all our articles on strategic IP management. After reading these you will have a very good overview over the practical sides of the 5 IP management strategies and many real-world examples.
Profiting from innovation
what are the circumstances under which you are able to exercise market power? This article explains the vehicles for IP protection and more importantly what you need to consider to be able to reap the benefits from it. We are detailing professor David Teece’s framework on profiting from innovation.
Licensing your IP
We have articles on 2 different business models suited to licensing your IP:
(1) Licensing business model
(2) IP business model
ARM Ltd’s designs have lead to the manufacturing of over 30 billion microchips used in many modern smartphones and tablets. What’s remarkable is that ARM has not manufactured a single one of these chips themselves and yet has been able to profit big time from their IP.
5 strategic IP management options
Learn about intellectual property law professor W Fisher’s framework of your 5 strategic IP management options.
- Exercise market power,
- licensing and
- donating approaches.
This article by Murat Uenlue is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.