--- title: Innovation Asset Group Blog | The Latest in IP News | Intellectual Property Management (2) description: Intellectual Property Management | Check out the Innovation Asset Group blog for the latest in intellectual property news and Decipher. (2) --- # [![Innovation Asset Group](https://www.innovation-asset.com/hubfs/Image/Decipher-Logo.png)](https://www.innovation-asset.com/) - [Decipher®](https://www.innovation-asset.com/products-decipher) - [Services](https://www.innovation-asset.com/products/professional-services-0) - [Resources](https://www.innovation-asset.com/resources) - [Blog](https://www.innovation-asset.com/blog) - [About Us](https://www.innovation-asset.com/about) - [Contact Us](https://www.innovation-asset.com/contact) # Innovation Asset Blog ## [How to Use IP Management Software for an IP Audit](https://www.innovation-asset.com/blog/how-to-use-ip-management-software-for-an-ip-audit) by [Peter Ackerman](https://www.innovation-asset.com/blog/author/peter-ackerman) [![](https://www.innovation-asset.com/hubfs/blog_images/intellectual-property-audit.jpg)](https://www.innovation-asset.com/blog/how-to-use-ip-management-software-for-an-ip-audit) Performing an internal intellectual property (IP) audit is vital for businesses hoping to maintain visibility into the revenue and expense attributed to their IP portfolio. According to the World Intellectual Property Organization (WIPO), [formal IP audits should be conducted](http://www.wipo.int/export/sites/www/sme/en/documents/pdf/ip_panorama_10_learning_points.pdf) both during pivotal events for the organization, such as a merger, and in response to internal changes in strategy, personnel, etc. However, it is a good idea to perform regular reporting and “informal” audits to ensure production and innovation efforts are measuring up to the organization’s overall strategy, too. Regardless of the type of IP audit, there are a few important characteristics to analyze that act as indicators of success for IP Management. ![Peter Ackerman](https://www.innovation-asset.com/hubfs/blog_images/Peter%5B5926%5D.jpeg) ### [Peter Ackerman](https://www.innovation-asset.com/blog/author/peter-ackerman) Founder & CEO, Innovation Asset Group, Inc. [September 22, 2016](https://www.innovation-asset.com/blog/how-to-use-ip-management-software-for-an-ip-audit) ## [What Happens to IP When Companies Divest?](https://www.innovation-asset.com/blog/what-happens-to-ip-when-companies-divest) by [Peter Ackerman](https://www.innovation-asset.com/blog/author/peter-ackerman) [![](https://www.innovation-asset.com/hubfs/IP_Divestment_image-1.png)](https://www.innovation-asset.com/blog/what-happens-to-ip-when-companies-divest) Sometimes circumstances outside of our control lead to business closure, the unwinding of strategic partnerships, sudden cost reductions, or all of the above. In the various situations where a company is facing divestment, it tends to be expedient to “throw the babies out with the bathwater” with little regard for the intellectual property. This is a potentially massive error. Aside from possibly losing out on more value, overlooking IP in a divestment situation can lead to myriad forms of litigation - from shareholders, licensees and licensors, vendors and suppliers, and the very business organizations or partnerships you’re shedding. It’s safe to say that intellectual property management plays as significant a part at IP termination as during IP inception, growth and maturity. Consider the following in order to mitigate some of these concerns. ![Peter Ackerman](https://www.innovation-asset.com/hubfs/blog_images/Peter%5B5926%5D.jpeg) ### [Peter Ackerman](https://www.innovation-asset.com/blog/author/peter-ackerman) Founder & CEO, Innovation Asset Group, Inc. [September 15, 2016](https://www.innovation-asset.com/blog/what-happens-to-ip-when-companies-divest) ## [Improving Reporting Throughout the IP Management Process](https://www.innovation-asset.com/blog/improving-reporting-throughout-the-ip-management-process) by [Peter Ackerman](https://www.innovation-asset.com/blog/author/peter-ackerman) [![](https://www.innovation-asset.com/hubfs/blog_images/GettyImages-519939579.jpg)](https://www.innovation-asset.com/blog/improving-reporting-throughout-the-ip-management-process) As with any facet of business — administration, sales, product development — data analysis and reporting is going to be key to the intellectual property management process. Depending on your process, your intellectual property can go through several stages of development, deployment, and maintenance. Considering the sheer volume of that undertaking, it’s no wonder that some organizations lose track of their IP’s life stage. Are you one of them? ![Peter Ackerman](https://www.innovation-asset.com/hubfs/blog_images/Peter%5B5926%5D.jpeg) ### [Peter Ackerman](https://www.innovation-asset.com/blog/author/peter-ackerman) Founder & CEO, Innovation Asset Group, Inc. [August 25, 2016](https://www.innovation-asset.com/blog/improving-reporting-throughout-the-ip-management-process) ## [How to Tell if You Should License Intellectual Property](https://www.innovation-asset.com/blog/how-to-tell-if-you-should-license-intellectual-property) by [Peter Ackerman](https://www.innovation-asset.com/blog/author/peter-ackerman) [![](https://www.innovation-asset.com/hubfs/blog_images/IP-licensing.jpg)](https://www.innovation-asset.com/blog/how-to-tell-if-you-should-license-intellectual-property) Licensing intellectual property assets can be a powerful opportunity for both licensees and licensors to maximize their portfolios. For organizations with mature and [dynamic intellectual property portfolios](https://www.innovation-asset.com/blog/6-tips-to-build-manage-a-dynamic-intellectual-property-portfolio), becoming a licensor creates additional revenue streams. For growing organizations, licensing intellectual property from others allows fast product launch. ![Peter Ackerman](https://www.innovation-asset.com/hubfs/blog_images/Peter%5B5926%5D.jpeg) ### [Peter Ackerman](https://www.innovation-asset.com/blog/author/peter-ackerman) Founder & CEO, Innovation Asset Group, Inc. [August 18, 2016](https://www.innovation-asset.com/blog/how-to-tell-if-you-should-license-intellectual-property) ## [Leveraging Intellectual Property at Each Stage in Your Company's Life](https://www.innovation-asset.com/blog/leveraging-intellectual-property-at-each-stage-in-your-companys-life) by [Peter Ackerman](https://www.innovation-asset.com/blog/author/peter-ackerman) [![](https://www.innovation-asset.com/hubfs/GettyImages-524541481.jpg)](https://www.innovation-asset.com/blog/leveraging-intellectual-property-at-each-stage-in-your-companys-life) From startup to maturity, intellectual property can be a valuable asset to leverage at any stage in your company’s life. Leveraging intellectual property assets successfully can help your organization build and sustain effective product strategies over the long-term. This article will look at the ways your organization can leverage intellectual property at each stage of its journey: ![Peter Ackerman](https://www.innovation-asset.com/hubfs/blog_images/Peter%5B5926%5D.jpeg) ### [Peter Ackerman](https://www.innovation-asset.com/blog/author/peter-ackerman) Founder & CEO, Innovation Asset Group, Inc. [July 28, 2016](https://www.innovation-asset.com/blog/leveraging-intellectual-property-at-each-stage-in-your-companys-life) ## [Intellectual Property Metrics You Should Be Tracking](https://www.innovation-asset.com/blog/intellectual-property-metrics-you-should-be-tracking) by [Peter Ackerman](https://www.innovation-asset.com/blog/author/peter-ackerman) [![](https://www.innovation-asset.com/hubfs/metrics.png)](https://www.innovation-asset.com/blog/intellectual-property-metrics-you-should-be-tracking) Effective intellectual property management hinges on the ability to collect, analyze, and use data to make informed decisions. We’ve already discussed how [data is the key to successful intellectual property management](https://www.innovation-asset.com/blog/why-data-is-the-key-to-successful-intellectual-property-management); in this article we’ll outline which metrics your organization should be tracking throughout the intellectual property process. ![Peter Ackerman](https://www.innovation-asset.com/hubfs/blog_images/Peter%5B5926%5D.jpeg) ### [Peter Ackerman](https://www.innovation-asset.com/blog/author/peter-ackerman) Founder & CEO, Innovation Asset Group, Inc. [July 14, 2016](https://www.innovation-asset.com/blog/intellectual-property-metrics-you-should-be-tracking) ## [6 Consequences of Mismanaging Intellectual Property](https://www.innovation-asset.com/blog/6-consequences-of-mismanaging-intellectual-property) by [Peter Ackerman](https://www.innovation-asset.com/blog/author/peter-ackerman) [![](https://www.innovation-asset.com/hubfs/flowchart-blog.png)](https://www.innovation-asset.com/blog/6-consequences-of-mismanaging-intellectual-property) An organization’s intellectual property portfolio is an important asset that can be used strategically to drive value through revenue generating and cost saving opportunities. Conversely, when intellectual property is not managed effectively, those opportunities are lost and resources are wasted. This post will cover five key consequences of mismanaging intellectual property and how to avoid them. ![Peter Ackerman](https://www.innovation-asset.com/hubfs/blog_images/Peter%5B5926%5D.jpeg) ### [Peter Ackerman](https://www.innovation-asset.com/blog/author/peter-ackerman) Founder & CEO, Innovation Asset Group, Inc. [July 07, 2016](https://www.innovation-asset.com/blog/6-consequences-of-mismanaging-intellectual-property) ## [Why Data is the Key to Successful Intellectual Property Management](https://www.innovation-asset.com/blog/why-data-is-the-key-to-successful-intellectual-property-management) by [Peter Ackerman](https://www.innovation-asset.com/blog/author/peter-ackerman) [![](https://www.innovation-asset.com/hubfs/intellectual-property-data.jpg)](https://www.innovation-asset.com/blog/why-data-is-the-key-to-successful-intellectual-property-management) Data is the key to making powerful decisions for any business. Intellectual property (IP) management solutions can provide your team with the data they need to manage IP assets successfully from ideation to commercialization. Here’s how data intersects with intellectual property management to drive success: ![Peter Ackerman](https://www.innovation-asset.com/hubfs/blog_images/Peter%5B5926%5D.jpeg) ### [Peter Ackerman](https://www.innovation-asset.com/blog/author/peter-ackerman) Founder & CEO, Innovation Asset Group, Inc. [June 23, 2016](https://www.innovation-asset.com/blog/why-data-is-the-key-to-successful-intellectual-property-management) ## [Building and Sustaining Brand Image with Intellectual Property](https://www.innovation-asset.com/blog/building-and-sustaining-brand-image-with-intellectual-property) by [Brendan Playford](https://www.innovation-asset.com/blog/author/brendan-playford) [![](https://www.innovation-asset.com/hubfs/building-brand-with-IP.jpg)](https://www.innovation-asset.com/blog/building-and-sustaining-brand-image-with-intellectual-property) Your organization’s brand is a valuable, strategic asset which defines the identity of your company and its offerings. Brand image serves as a guideline for how your customers and prospects will view and interact with your organization. While many organizations understand the importance of brand image, not all understand how to build and sustain it by smartly using intellectual property assets. Here are some of the ways to use intellectual property assets to build brand image and benefits the organization: ![Brendan Playford](https://www.innovation-asset.com/hubfs/brendan-playford.jpg) ### [Brendan Playford](https://www.innovation-asset.com/blog/author/brendan-playford) [June 16, 2016](https://www.innovation-asset.com/blog/building-and-sustaining-brand-image-with-intellectual-property) ## [4 Ways an IP Management Solution Gives Your Organization More Control](https://www.innovation-asset.com/blog/4-ways-an-intellectual-property-management-solution-gives-your-organization-more-control) by [Brendan Playford](https://www.innovation-asset.com/blog/author/brendan-playford) [![](https://www.innovation-asset.com/hubfs/how-an-ip-management-solution-provides-control.jpg)](https://www.innovation-asset.com/blog/4-ways-an-intellectual-property-management-solution-gives-your-organization-more-control) An intellectual property management solution can provide your organization with many benefits, one of the strongest of these benefits is *control*. An IP management tool gives your organization powerful visibility into the performance of intellectual property assets and the operations surrounding them. With this insight, your organization is empowered with a higher degree of control strategically and operationally. Here are four areas your organization will have more control over after implementing IP management software. ![Brendan Playford](https://www.innovation-asset.com/hubfs/brendan-playford.jpg) ### [Brendan Playford](https://www.innovation-asset.com/blog/author/brendan-playford) [June 02, 2016](https://www.innovation-asset.com/blog/4-ways-an-intellectual-property-management-solution-gives-your-organization-more-control) [← Previous](https://www.innovation-asset.com/blog/topic/intellectual-property-management/page/1) [All posts](https://www.innovation-asset.com/blog/all) [Next →](https://www.innovation-asset.com/blog/topic/intellectual-property-management/page/3) ### Subscribe to Email Updates ### Introducing Decipher® ### Categories - [Intellectual Property Management (459)](https://www.innovation-asset.com/blog/topic/intellectual-property-management) - [Commercialization and Licensing (210)](https://www.innovation-asset.com/blog/topic/commercialization-and-licensing) - [Invention Disclosure (201)](https://www.innovation-asset.com/blog/topic/invention-disclosure) - [Innovation Strategy (20)](https://www.innovation-asset.com/blog/topic/innovation-strategy) - [Ideas for Good (6)](https://www.innovation-asset.com/blog/topic/ideas-for-good) - [Innovation Team (3)](https://www.innovation-asset.com/blog/topic/innovation-team) ### News Archives - [January 2013 (26)](https://www.innovation-asset.com/blog/archive/2013/01) - [September 2012 (25)](https://www.innovation-asset.com/blog/archive/2012/09) - [October 2012 (22)](https://www.innovation-asset.com/blog/archive/2012/10) - [November 2012 (22)](https://www.innovation-asset.com/blog/archive/2012/11) - [November 2010 (21)](https://www.innovation-asset.com/blog/archive/2010/11) - [February 2011 (21)](https://www.innovation-asset.com/blog/archive/2011/02) - [July 2012 (21)](https://www.innovation-asset.com/blog/archive/2012/07) - [December 2012 (21)](https://www.innovation-asset.com/blog/archive/2012/12) - [January 2012 (20)](https://www.innovation-asset.com/blog/archive/2012/01) - [March 2012 (20)](https://www.innovation-asset.com/blog/archive/2012/03) ##### Portland, Oregon USA ##### © Innovation Asset Group, Inc. ##### [Privacy Policy](https://www.innovation-asset.com/privacy-policy/) | [Terms & Conditions](https://www.innovation-asset.com/terms-and-conditions/) | [Contact Us](https://www.innovation-asset.com/contact/) - - ![](https://www.conversionruler.com/bin/tracker.php?siteid=7009&nojs=1)