Intellectual property in the shift towards open innovation

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Date
2019
Journal Title
Journal ISSN
Volume Title
Publisher
Ivane Javakhishvili Tbilisi State University Press
Abstract
In recent years due to the increased interest in the practice of open innovation as a promising model of innovation process management numerous studies have been conducted devoted to the discussion of various aspects of the open innovation implementation. The growing trend towards open innovation adoption causes the need for a more open approach to the management of the intellectual property (IP). However, despite the fact that the study of organizational determinants in the open innovation collaborative projects is an area of increased interest for both academics and practitioners of innovation management a modern understanding of these aspects at the enterprise level remains incomplete and needs further research. The IP management involves the implementation of the key managerial functions, such as developing a strategy and planning measures for the protection and commercialization of intellectual property, organizing activities to create conditions for their implementation, creating a supportive innovation culture and encouraging innovative climate, audit and monitoring the implementation of the IP management strategy. An effective IP management strategy should include an analysis of the internal factors of the organization, as well as taking into account market factors for the formation of an open innovation model.
Description
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Keywords
intellectual property (IP), open innovation, IP strategy, IP management
Citation
Economics and Business, №2, 2019, pp. 185-195
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