Summary of Intellectual Property Strategy

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Intellectual Property Strategy
Intellectual property can be your shield or sword, and a fount of profits.

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Review

The world of intellectual property (IP) can be a scary place, where giant firms face off against their competitors, acquiring mammoth IP portfolios to intimidate others and discourage patent infringement lawsuits. Or it can be a place of shrewd investment and careful nurturing of assets. Harvard Law School professor John Palfrey examines the high-stakes IP world and suggests IP strategies to optimize organizational performance. getAbstract recommends Palfrey’s worthwhile guidance to all managers seeking to understand their IP assets and to maximize their profitability.

In this summary, you will learn

  • What intellectual property (IP) is
  • Why openness and flexibility are the best long-term IP policies
  • How to involve your customers and other external users in your IP development
 

Summary

More Than “the Sword and the Shield”
Intellectual property (IP) is “a way of describing what the people in your organization know and are capable of doing. It’s the collected knowledge, work product and skill set of all the people who make up your team.” IP protects “original ideas, expressive...
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About the Author

John Palfrey, a venture executive at Highland Capital Partners, teaches at Harvard Law School and serves as faculty co-director of the Berkman Center for Internet & Society.


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