Abstract
While traditional Discount IP Management focuses on the economic management of a large number of patents, novel Lean IP Management focuses on a handful of valuable ones. Discount IP Management primarily faces the question of how a high number of patents can be handled cost-effectively. Here, it is important to determine how a large patent portfolio can be obtained at a low cost, with a reduction in patent quality taken into account. Lean IP Management is concerned solely with valuable high-quality patents with the potential for economic benefit. Both, the advantages and disadvantages of these opposing concepts are compared by considering psychological and economic aspects in order to find out which of the concepts is the concept of choice for the success of an enterprise.
Highlights
While traditional Discount IP Management focuses on the economic management of a large number of patents, novel Lean IP Management focuses on a handful of valuable ones
It is important to determine how a large patent portfolio can be obtained at a low cost, with a reduction in patent quality taken into account
While Discount IP Management focuses on the economic management of a large number of patents, the novel approach of Lean IP Management concentrates on a handful of valuable ones [1]
Summary
While Discount IP Management focuses on the economic management of a large number of patents, the novel approach of Lean IP Management concentrates on a handful of valuable ones [1]. Application of Discount IP Management allows a high number of patents to be handled cost-effectively. It is important how a large patent portfolio can be obtained at a low cost, with a reduction in patent quality taken into account. New Lean IP Management considers only valuable high-quality patents with the potential for economic benefit. Lean IPM focuses solely on the economic benefit and positive-asset creation for an enterprise. According to the Lean IPM doctrine, useless patents are eliminated and creating new useless patents is avoided. Saving costs for patents while raising patent quality always goes hand in hand with economic benefit for an enterprise
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