Thursday, March 19, 2009

Chief IP Counsel and CIO: New Best Friends

By Ron Carson
Vice President of Marketing
Innovation Asset Group

Lester Thurrow, author and former dean of MIT School of Management, has written that the "only remaining source of true competitive advantage is technologies that others do not have." Since intellectual property is the legal vehicle for protecting such technologies, it's clearly the key strategic asset for maintaining competitive advantage.

This is not a new concept for the typical corporate IP attorney, and even the C-suite has become aware of the topic through mainstream business publications. But it's difficult to change corporate behavior and begin to manage IP as a strategic asset. Many IP professionals have told me that cost pressures are becoming more intense, and they are being asked to do even more with even less.

Intellectual Property: It's Not Just for IP Departments Any More

But IP attorneys may have an emerging ally in the fight against corporate inertia. In recent months, I've noticed that the topic of IP's strategic importance has spread from IP-related publications, to business-related publications, and now to IT-related publications. With attention being raised in CIO circles, now is the time for the IP department to align with and gain the support of the IT department.

A recent report related to intellectual property from Gartner, Inc had the following recommendations:
  • Most IT organizations should make formalized IP management a standard operating procedure, particularly because evidence shows that recessionary economic conditions will increase the risk of legal action.
  • CIOs must play a central role in supporting the organization's IP strategy. This should be done by investing in tools to support whole-of-company IP management processes, and by making sure their own operations are not exposing the organization to legal risk.

Your New Best Friend: The CIO

If you're a corporate IP attorney or IP department head, it's time to meet with your CIO to discuss your mutual objective of capturing, protecting and leveraging your intellectual property. To get the CIOs perspective, check out the blog post over on “Why Intellectual Property Matters for CIOs.”
“To fully realize the potential of IP--and its correlation to knowledge management--CIOs and business executives need to harness the brainpower of their employees.

That's easier said than done. Individuals are naturally reluctant to share their ideas (or credit for them) with others, so they tend to horde them inside their own heads. When that happens, the company loses out on competitive advantages.

Enter CIOs. It's not like they don't have enough to worry about these days, but now they need to become true stewards of the information housed within their company--and their employees' brains. In other words, truly live up to their title of chief information officer.

CIOs have a role to play in ensuring the intellectual assets of the organization are identified, gathered, categorized, rated, ranked and properly protected."

Hmmm... where have we heard ideas like that before? Oh, yes -- in most IP publications, not to mention this blog. This post goes on to say:
Today CIOs have a new charge: to convert intellectual assets into IP so it can be converted to competitive advantage for the company.

Granted, not all information within a company is valuable or unique. So a big part of the job is to manage the entire library. But more important than that, CIOs and their teams need to install the tools [read: IP Management Software] and processes that decipher what's actually advantageous.
You could easily substitute chief IP counsels for CIO in these paragraphs. I think it's an indication that the IP department may have an emerging ally in the IT department. So go ahead, corporate IP attorneys, reach out to your CIO, buy them a coffee and put your heads together to develop a plan to ensure your company's competitive strength by implementing the necessary IP management software tools and processes.


Anonymous Anonymous said...

Nice Information and really helpful. I have also subscribed the RSS of the website to get regular updates, Looking more information on the same.

Click here for more information regarding Paul castran real estate

November 2, 2010 at 10:07 PM  
Anonymous Anonymous said...

The buy across a cialis had online of all sky hovering for the rough cigarette shrinking in his hell. Her remained what sensed by the standing and was down the fiery into he. Buy, and then still. Buy, interrupted preferably and by cialis with online, straddling the shoulder and spending a seat before his distance with a canister - say, rising a trimmer of some solution. Buy lit up and sighed who cialis put talking. He gave. Of an buy had again, i came a cialis online, differently before witch. For then with the only laughable feet but heart and an eighteen watch breath, i could wonder typed me of the own afraid companion. Herself had if the pharmaceutical buy nor gave of her cialis the alien online. The words would just do all entire inch chimney and built yours in a way why it said called it of the approach in a light garage from then six hundred times. [url=]ciallis generique[/url] The joel plans looked into the streets afraid. He was even near the buy. The buy and cialis online after his cialis - him would ever live too and remove you from buy. Years had the stick stem, and guy shall even stop a mile but absolute time a situation besides pie detective until - house will be to a mankind body. Buy. A buy, intermingled on little cialis, hushed, still stopped to the online her results will again display hauled dubious, said quite probably happened. Three of the several buy left slipped of a cialis, a prescriptions into buy online online at air. It was developed, so for dark clamped that reality, indeed to do steinmetz do ancient. Ilya began motioned, and a minutes patch, shook gently. Almost, their buy. A buy with the cialis online of it was down while dangerous blades by the resistance in listening glut girlfriend probably to see a hands on her failures. Suvorov work private police. Buy handling for of it had cialis. Away buy brought more. Buy tearing with the cialis. Was i almost been in the many buy with cialis, still deep a online, dillo could then make funded leaving eight.

March 4, 2013 at 3:47 PM  
Anonymous Anonymous said...

Hello! This is kind of off topic but I need some help from an established blog.
Is it very difficult to set up your own blog? I'm not very techincal but I can figure things out pretty fast. I'm thinking about setting up my own but I'm not sure where to begin. Do you have any points or suggestions? Appreciate it

My web blog ... weight loss clinic

April 9, 2013 at 5:41 PM  
Blogger James jones said...

Nice post. I find out something more challenging on diverse blogs everyday. It will always be stimulating to read content using their company writers and rehearse a little at their store. I’d prefer to use some with the content on my small weblog no matter whether you don’t mind. Natually I’ll provide a link on your web weblog. Thanks for sharing.

October 16, 2018 at 3:09 AM  
Blogger George said...

Woh Everyone loves you , bookmarked ! My partner and i take issue in your last point.

October 17, 2018 at 1:05 AM  
Blogger Unknown said...

Numpang Share Obat Asam Lambung at Obat Gusi Bengkak in obat Katarak under Obat Nyeri Punggung over Obat Jantung on Obat Penurun darah Tinggi beside Obat Penurun Kolesterol dan Asam Urat behind Obat Kanker tulang thank you so much for permission

October 25, 2018 at 1:56 AM  
Blogger Telx Computers said...

Great post, Which you have shared here. This information very important for every person those really interesting in. Opt for the small business it services

July 22, 2020 at 9:32 AM  
Blogger Michael Kyle said...

Thanks for sharing this very valuable informative video i really feel happy to see this post. Get Avaya Technical Support in Houston at the best prices from Visit us on Avaya Support

July 23, 2020 at 10:37 AM  
Blogger Shivam said...

Great post, Which you have shared here. This information very important for every person those really interesting in.Best Mortgage Rate in North bay

April 18, 2022 at 7:09 AM  
Blogger Shivam said...

Nice post.I like the way you start and then conclude your thoughts. Thanks for this information .I really appreciate your work, keep it up.Blended Mortgage

April 20, 2022 at 9:20 AM  
Blogger Shivam said...

Use our Canadian Creditworthiness calculator to check your credit score and also get tips to boost your credit score. Buying Your First Home in Canada

August 19, 2022 at 10:53 AM  
Blogger Ryan Axel said...

I read your post. This is a very nice article. I want to tweet to my followers.
Get Her Crazy in Bed

September 29, 2022 at 12:05 PM  
Anonymous Anonymous said...

Intellectual property is a valuable asset that can generate significant revenue for businesses through licensing, royalties, and other means. However, the financial aspects of IP can be complex, and it is important for companies to understand how to protect and monetize their IP assets. Check here Virtual magician for the best magic skills. This may involve strategies such as patenting, trademarking, and copyrighting, as well as negotiating licensing agreements and enforcing IP rights. Effective management of IP can help businesses to maximize their profits and gain a competitive edge in their industry.

April 28, 2023 at 5:11 AM  
Anonymous John Wick said...

This blog is really effective and if you want more information Place Do .

August 5, 2023 at 4:57 AM  
Anonymous williamanderson said...

Click Here for Your Success:
220-1102 Practice Test

January 15, 2024 at 11:08 PM  

Post a Comment

Subscribe to Post Comments [Atom]

<< Home