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Patent management strategies: A review

Author

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  • Grzegorczyk Tomasz

    (Department of International Management, Poznań University of Economics and Business, Poznań, Poland)

  • Głowiński Robert

    (Rotho AG, Wurenlingen, Switzerland)

Abstract

Aim/purpose – Intellectual property right management plays an increasingly important role in firms’ business strategies. While empirical findings prove that strategic intellectual property management is positively correlated with multiple dimensions of firm performance, those competences are still rare. The research on the strategies of patent management is dispersed. Therefore, the aim of this paper is to present an analysis of the main patent strategies. Design/methodology/approach – The method used in this paper is a narrative literature review in the area of strategic technology management. Findings – This analysis of the most advisable patent strategies may allow its users to identify the best strategy in the given circumstances. The main patent strategies are: offensive, defensive and leveraging strategy. Research implications/limitations – This analysis may be of importance not only for researchers dealing with technology and intellectual property management but also for firms willing to efficiently capture the value of their patent rights. A limitation of this literature review is the relatively small number of empirical studies in this area of strategic management. Originality/value/contribution – This paper fills the research gap of the strategic choices left to managers in high-tech firms. The originality and value of this paper stem from the comprehensive analysis of patent strategies. Each of the presented strategies has their pros and cons in a given situation, illustrated by the presented cases. The choice between them should be made taking into account the enumerated factors.

Suggested Citation

  • Grzegorczyk Tomasz & Głowiński Robert, 2020. "Patent management strategies: A review," Journal of Economics and Management, Sciendo, vol. 40(2), pages 36-51, June.
    • Handle: RePEc:vrs:jecman:v:40:y:2020:i:2:p:36-51:n:4
    DOI: 10.22367/jem.2020.40.02
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    References listed on IDEAS

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    1. Blind, Knut & Mangelsdorf, Axel, 2016. "Motives to standardize: Empirical evidence from Germany," Technovation, Elsevier, vol. 48, pages 13-24.
    2. Maresch, Daniela & Fink, Matthias & Harms, Rainer, 2016. "When patents matter: The impact of competition and patent age on the performance contribution of intellectual property rights protection," Technovation, Elsevier, vol. 57, pages 14-20.
    3. Maria Isabella Leone & Keld Laursen, 2011. "Patent Exploitation Strategies and Value Creation," Chapters, in: Federico Munari & Raffaele Oriani (ed.), The Economic Valuation of Patents, chapter 4, Edward Elgar Publishing.
    4. Delerue, Hélène, 2018. "Shadow of joint patents: Intellectual property rights sharing by SMEs in contractual R&D alliances," Journal of Business Research, Elsevier, vol. 87(C), pages 12-23.
    5. David J. Teece & Gary Pisano & Amy Shuen, 1997. "Dynamic capabilities and strategic management," Strategic Management Journal, Wiley Blackwell, vol. 18(7), pages 509-533, August.
    6. Blind, Knut & Edler, Jakob & Frietsch, Rainer & Schmoch, Ulrich, 2006. "Motives to patent: Empirical evidence from Germany," Research Policy, Elsevier, vol. 35(5), pages 655-672, June.
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    Citations

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    Cited by:

    1. Rutkowski Ireneusz P., 2022. "How to Measure the Success or Failure Rate of a New Product Strategy in Competitive Markets," Marketing of Scientific and Research Organizations, Sciendo, vol. 45(3), pages 27-44, October.
    2. Jun Hong Park & Hyunseog Chung & Ki Hong Kim & Jin Ju Kim & Chulung Lee, 2021. "The Impact of Technological Capability on Financial Performance in the Semiconductor Industry," Sustainability, MDPI, vol. 13(2), pages 1-20, January.
    3. Tomomi Kito & Nagi Moriya & Junichi Yamanoi, 2020. "Inter-organisational patent opposition network: How companies form adversarial relationships," Papers 2009.04113, arXiv.org.
    4. Tomomi Kito & Nagi Moriya & Junichi Yamanoi, 2021. "Inter-organisational patent opposition network: how companies form adversarial relationships," The Japanese Economic Review, Springer, vol. 72(1), pages 145-166, January.

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    More about this item

    Keywords

    patent management; intellectual property; strategy; technology management; knowledge management;
    All these keywords.

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • L24 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Contracting Out; Joint Ventures

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