- Subject index
Intellectual Property (IP) is one of the most vital assets for any business organization. It is a domain not restricted to lawyers alone; it is a crucial area of concern for business organizations, managers, and corporate leaders. Intellectual Property and Business demonstrates how companies can deploy their IP not just as legal instruments but also as dominant and powerful financial assets, and as useful arsenal that can boost their business.
The book aims to provide a basic understanding of various forms of IP that business organizations need to protect, and to analyze and understand IP management and strategy through case studies. It highlights these aspects of IP management through the lens of both a lawyer and a business manager.
Chapter 6: Intellectual Property Risk Management
Intellectual Property Risk Management
To identify and then manage threats that could severely impact or bring down the organization is known as Risk Management.
An organization should never be in an illusion that it is shielded from any risk. The concept of managing risk has been in practice for quite some time. An organization commercializing its IP has to see whether its IP is well protected from any risk.
The management of risk emphasizes on placing priorities on the objectives, projects, and actions in a ...