Does Your Organization Have an Intellectual Property Vision?

Surviving in this competitive business world is not a cakewalk. It takes a prophetic whose thought method and efforts can take a small theory to boundless success.

Faster is not quicker. If everyone is offering the distributions at the same rate and it simply is not straightforward. If all the other proposals available on the internet offer the same straightforwardness and If the groups are working to polish techniques that are in harmony with the vision but don’t get the company a superiority in the market it will always lack behind– as challengers are providing a similar experience – all the work is of no use.

Consequently, taking your business into the future be contingent on the vision/thought and how your strategy & portray it for your corporation. This foresight is what distinguishes the organization from its rivals. A strong vision benefits in forming a persuasive business, a parallel thought is obligatory for its IP too.

The IP vision

Every Intellectual property idea is designed to complement the business vision of a company by protecting its new or ongoing projects in the market. Corresponding business vision, IP imagination also holds colossal value and should be allied with the same. It should be pooled in the organization to make every person feel more absorbed and rapt in their efforts to achieve what is anticipated.

Most companies keep aside a large budget to protect their intellectual properties. But if the type of prognostication is not in line with the corporate vision, the resultant IP is of no use.

Having a great vision is not enough without counting on the importance of intellectual property vision. Without proper IP, a business can face difficulties in translating its business vision. On such a notion, the ideology of IP canvas has transpired which accelerates building and sanitizing the IP vision for an organization.

What is an IP Canvas?

The IP canvas comprises a thought-provoking method to maneuver and structure the central conception for a company’s IP. Its framework focuses on the strategic, financial, and operational parts of the company from the IP front.

Whilst using IP canvas, a tendency would surface out which will be a contribution to inventing the IP strategy of the company. These 4 pointers are the key to that ideology –

  1. Where are you today?
  2. Where do you aim to reach?
  3. Where are you going?
  4. How will you get there?

IP Canvas is depicted to be multipurpose, dynamic, and most decisively viable. The engagement behind it is to plan the strategy for instantaneous implementation.

Intellectual property canvas is carefully designed keeping in mind the goal of highlighting the transparent vision for the short-term and long-term goals of a business. Every future strategy is planned and executed to enhance the business vision.

Top five benefits of the IP Canvas

The biggest problem that peoples run into while building a strategy is having too many ideas. IP canvas helps in providing a definite structure, declutter ideas, and bringing them in an implementable format.

Additionally, IP Canvas  can also be of service in the following five roles:

  1. A Concave Mirror: Being an integral part of a company’s business strategy and growth plan, IP strategy requires utmost focus. It directly has an impact on the company’s brand. The IP Canvas operates like a concave mirror and facilitates an organization emphasis on getting a better brand value and stand in the market.
  2. An Idea Generation Machine: Researchers and employees of an organization may have many crucial ideas in their heads. It is essential to bring those ideas to table effectively. But how?  IP Canvas helps solving this issue by acting as an idea generation machine. Not only this, but the IP canvas also directs such ideas towards the implementation path.
  3. A Planner: IP Canvas helps to check the IP requirements of an organization and the process to meet them. This is a clear window that highlights the company’s IP assets current status and helps in noting the next plan of action.
  4. A Catalyst: Every step taken with the clarity of objective pushes the company multi-fold as compared to a disoriented effort. IP canvas works as a catalyst that accelerates growth by aligning the mind-set of different teams with the final goals of the company by channelizing different thought processes in a single direction.
  5. An Early Warning and Control System (AWACS):  John Dewey once said – “A problem well put is half solved”. On that same note, IP canvas acts as an AWACS for any business or organization. It helps estimate and tackles the problems that hinder the success of the IP department.

Not every organization needs an IP Canvas. You can figure out if you need an IP canvas by asking yourself the answers to the following questions.

  1. What is the strength and value of your organization’s IP?
  2. Are your human resources aligned with your company’s IP strategy and overall vision?
  3. What motivational trigger you can use for aligning your human resources with your company’s IP strategy and its overall vision?
  4. How are you utilizing your IP assets?
  5. What IP strategies are you using to enhance the brand value of your organization?
  6. Which are the next areas where you will use IP to enhance your brand value? 
  7. What business goal will you be achieving using your IP in the next: Quarter, 1 year, 5 years? 
  8. How you will be going about these goals?
  9. How many of the above-mentioned strategies you are employing at present?
  10. What modifications/additions in your available resources require implementing your IP vision?
  11. What obstacles could come along while achieving the set targets?
  12. Do you have a strategy in place to surmount these obstacles? If yes, what are they?
  13. What is your immediate plan of action?

If you were you able to answer these questions, you are all set! If not, you might start looking for an IP Canvas to align your IP strategy with your business strategy. To make things easier for you, we have designed and helped companies in getting what is best for their growth and protection. In this situation, the individual or organization has already utilized or is currently using the patented design, technology, or product, infringing on the patent. The owner has the option of filing a lawsuit against the infringer or reaching an agreement with the infringer to license his patent. Hence, to ease this job Patentkart provides easiness to the inventors. In the patent filing, there are main aspects to scrutinize. 

Conclusion 

The patent agents of Patentkart.com provide A to Z facilities from the patent landscape. Patent search, as well as they, do prior art search alongside patent writer, they also file the patent application. The company has the world in a class patent practitioner who helps in the patent drawing, patent analytics, patent drafting, and prosecution of patents in the court of law. Many Fortune companies take the help of Patentkart in aligning their business and IP strategies to stay at the top of their business. Let’s discuss how we can team up to beat your competitors.  

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