Modern trends for the strategic use of intellectual property rights: dynamic IP portfolio management, open innovation and collaborative organizations

Intellectual property (IP) management (Aghion and Tirole, 1994; Bader, 2007; Tanaka, 2013) is the process whereby products are created that incorporate new inventions and integrate IP into both the company’s business model (Magretta, 2002) and its corporate strategy (Al-Aali and Teece, 2013). By managing these IP rights and exploiting them economically, new forms of access to knowledge are created, based on collaboration among companies (Yang, 2012). The protection of IP is based, therefore, on various management practices, including access to innovation outside the company.