IP management now goes well beyond protecting one’s inventions. For instance, patent filings can be used as a very important sensing mechanism. A disciplined program of monitoring and reviewing filings that have the potential to be relevant to one’s space enables companies to stay on top of emerging threats and identify trends. … IP-related activities were historically used for protecting your own products and services; now IP is being used to drive M&A activities, to block out current and future competition, to establish and implement a culture of innovation and entrepreneurial mindset, and to create new business structures and partnerships.
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