Innovation Asset Blog

3 Killer Ways to Scale Your Innovation Strategy

Your company’s innovation strategy is an incredibly important element in taking your organization from an emerging newcomer to an established cash cow. Innovating constantly ensures your organization’s ear is always to the ground to stay proactive instead of reactive, but in many cases, that’s easier said than done. An effective innovation strategy must scale with the organization. Here are three ways to effectively scale your organization’s innovation strategy:

Why Innovating for Impact Should Be Part of Your Innovation Strategy

In today’s environment, organizations are well-positioned to make a powerful, positive impact with their innovation. While many organizations have focused on improving the triple bottom line by increasing their sustainability efforts, or those in their supply chain. However, organizations have relatively extensive resource pools, full of top talent, capital, supplier networks, brand reputation, and more. This means that they are well-equipped to not only make process improvements, but also to truly innovate and invent to make a difference where it’s needed. For example, these innovations in clean technology and medical technology can improve the environment and save lives, respectively.

How to Tell if Your IP Portfolio is Improperly Balanced

A balanced intellectual property (IP) portfolio helps your organization to leverage its IP assets most effectively, ensures flexibility to adjust for strategic or unexpected changes, and optimizes use of IP management resources. Maintaining a balanced IP portfolio requires diligent monitoring of assets and their uses, but how can your organization tell when the portfolio has become imbalanced? Here are 4 signs to watch out for:

6 Tips to Build & Manage a Dynamic Intellectual Property Portfolio

For scaling companies, intellectual property can be used to protect core functionality, to maintain competitive edge, as a point of leverage for investment, and more. However, it can be difficult for an already time-strapped, growing company to strategically consider the dynamic structure and ongoing management of its intellectual property portfolio, but these actions can be a driving factor in the company’s success. Here are six tips to help your team build and manage a dynamic intellectual property portfolio as your organization grows.

How 5 Workplace Issues Impact Your Organization’s Innovation Strategy

Your organization’s innovation strategy is deeply influenced by your employees, their desires, and the internal processes which they follow. Consequently, workplace issues which impact these things will also influence your organization’s innovation strategy, and can lead to meaningful and lasting impact to the organization. These are five workplace issues which will impact your organization’s innovation strategy and how to plan for them.

How Your Organization Can Start Taking Advantage of Innovation Ecosystems

An innovation ecosystem is a network of stakeholders collaborating together in order to increase opportunity and innovation to benefit the whole, instead of its parts. Startup incubators, for example, can be seen as a small-scale innovation ecosystem, since their creation is usually a means for fledgling companies to share ideas and learn best practices from experts, in order to magnify the chance of their success. Over the years, innovation ecosystems have become more apparent due to technology’s enhanced ability to support collaboration globally. Successfully innovative organizations have learned to reap the benefits of innovation ecosystems to improve their own individual success and the success of their markets.

4 Things to Look at to Determine If Your Idea Should Be Patented

There’s a lot of information out there on if your idea can be patented and how to do it. While this information is most definitely useful, what it doesn’t tell you is if your idea should be patented. Many large organizations may have strategies to patent any idea which comes along, but for companies just starting out or scaling to growth, it can be more difficult to tell if it’s necessary to protect ideas with patents and it can be tempting not to as a means to save a little cash.

Determining the ROI of IP Management Software

Your organization’s intellectual property is a valuable financial and strategic asset, which should be protected and managed mindfully. Unfortunately, the intellectual property management process runs the risk of being deprioritized in many organizations due to misconceptions about scaling and human tendency to prefer comfortable, traditional methods. Compared to manual methods, an intellectual property management system streamlines the process and makes it easier for your organization to identify strategic opportunities, but how do you determine whether or not implementation of a software is worth it?

Why the Difference Between Invention and Innovation Matters

Though often used as synonyms for one another, invention and innovation are technically different. An invention occurs when you’re creating a completely new idea, while an innovation is improving upon an existing idea. Take transportation for example. When the first car was created, it was an invention, since there had never been a motorized way to get around before. Compare that to Uber, an innovation in transportation; disruptive as it may have been, the taxi and car service industry already existed before Uber’s arrival.  

Why does the difference even matter?

4 Resources to Support Your Intellectual Property Management Team

Intellectual property management professionals are tasked with protecting, leveraging, and commercializing the great ideas and inventions of their organizations. The ability to monetize and gain competitive advantage from these new ideas relies heavily on the IP team, yet some of the fundamentals tend to get lost.

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