Manufacturing Technology Today

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Intellectual Property (IP) Protection and Management in KIBS Businesses


     

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Intellectual property right system

Intellectual property (IP) comprises the knowledge, skills and other intangible assets which business can convert into usable resources to generate a competitive advantage (Teece, 2000). Therefore, it has a significant role in firms' innovation processes and competitive strategies. Intellectual property is also essential to the firms' survival and prosperity. IP can be embedded e.g. in individuals, products, systems, routines or services and it can take various forms. It is considered as an asset of the company which needs to be protected.


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  • Intellectual Property (IP) Protection and Management in KIBS Businesses

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Abstract


Intellectual property right system

Intellectual property (IP) comprises the knowledge, skills and other intangible assets which business can convert into usable resources to generate a competitive advantage (Teece, 2000). Therefore, it has a significant role in firms' innovation processes and competitive strategies. Intellectual property is also essential to the firms' survival and prosperity. IP can be embedded e.g. in individuals, products, systems, routines or services and it can take various forms. It is considered as an asset of the company which needs to be protected.