Innovation Asset Blog

All About Trade Secret Management

"Apple's DNA is innovation, and the protection of our trade secrets is crucial to our success."
-- Apple Computer, Inc.

Intellectual property is the capital of ideas. It is everything within a company that’s left over after cash and tangible assets. These days, that can add up to most of any given company. It is “intellectual” because it is value that’s created from the neck up. It is “property” because it can be legally protected, bought, sold, traded, donated, collateralized or otherwise controlled.

Peter Ackerman

Peter Ackerman

Founder & CEO, Innovation Asset Group, Inc.

5 Must-Have Features of an IP Management System

Peter Ackerman

Peter Ackerman

Founder & CEO, Innovation Asset Group, Inc.

Understanding the Many Forms of IP Protection [INFOGRAPHIC]

For many businesses, you almost can't put a price on intellectual property (IP). The unique systems or inventions that are tied up in company's flagship products can sometimes take years to develop. That's why protecting those assets is absolutely essential. Acquiring those IP protections can be a huge undertaking, though.

Peter Ackerman

Peter Ackerman

Founder & CEO, Innovation Asset Group, Inc.

Does Outside Counsel Deserve the Boot?

Many chief legal officers are unsatisfied with their outside legal counsel. When taking a closer look at the costs and benefits of their relationships, CLOs find that the work simply hasn’t been commensurate with fees.

Peter Ackerman

Peter Ackerman

Founder & CEO, Innovation Asset Group, Inc.

How to Rebuild Momentum in Your Innovation Pipeline

At certain periods during the year, business slows down. This especially holds true for companies beginning a new year after the holidays. Leaders often emerge from that time of year with new vigor and new ideas for profit growth. But even though idea flow hasn’t stopped, execution can be slowed. It takes some time for employees on leave to return to their posts, or to reassess what they were working on and pick it back up. As a result, cycle times take longer.

Peter Ackerman

Peter Ackerman

Founder & CEO, Innovation Asset Group, Inc.

The 4 Main Types of Intellectual Property and Related Costs

Intellectual property protection isn’t as simple as declaring ownership of a particular product or asset. In most countries, there are four primary types of intellectual property (IP) that can be legally protected: patents, trademarks, copyrights, and trade secrets. Each has their own attributes, requirements and costs.

Peter Ackerman

Peter Ackerman

Founder & CEO, Innovation Asset Group, Inc.

Do You Have Everything You Need to Protect Your IP?

The appropriate preparations can make a huge difference in achieving comprehensive intellectual property (IP) protection. There are a few ongoing actions you can take to set yourself up for success. Try incorporating the following actions into your IP regime:

Peter Ackerman

Peter Ackerman

Founder & CEO, Innovation Asset Group, Inc.

7 Key Metrics for Measuring Your Innovation Team's Efficiency

Many corporations rely on patent management software to analyze workflow efficiencies and focus their resources, but the tools won’t have much value unless you examine the appropriate metrics. Here are some key metrics you should be able to evaluate using patent management software:

Peter Ackerman

Peter Ackerman

Founder & CEO, Innovation Asset Group, Inc.

Introducing IP Data Visualization for Decipher

Management is Dependent on Data

In any aspect of business management, whether it’s managing teams, projects, or intellectual property (IP) development, leadership needs to know they can fall back on data to tell them if they’re achieving their objectives. Staying abreast of specific outcomes is crucial to resource or budget management, assigning team members to the most productive roles, and communicating the next steps necessary for success. Many innovation teams hit an obstacle, however, when they try to organize that data and convey the most important messages to their colleagues. That’s where visualization and reporting tools come in.

Peter Ackerman

Peter Ackerman

Founder & CEO, Innovation Asset Group, Inc.

5 Tips for Tactical Execution of Your Patent Strategy

When you’ve built the perfect innovation and patent strategy for your organization, it can be easy to turn your team loose and expect the process to just fall into place. Execution can easily go awry, however, and any delays or obstacles that crop up during the process can derail that perfect plan. While the timing and methods by which businesses carry out their innovation process may vary, there are some tips that can almost always be applied to enhance cost-effectiveness and productivity. Read on to learn five of those tactical tips.

Peter Ackerman

Peter Ackerman

Founder & CEO, Innovation Asset Group, Inc.