Best Practices in Innovation Management

Innovation has become a primary driving force in industry worldwide. Companies have been racing to develop their IP portfolios by scrambling to gather the most extensive patent coverage they can afford. New companies need to make their mark early, or they risk getting left behind; whereas, established companies need to maintain and build upon their current IP portfolios if they want to remain competitive. This is reflected in the overwhelming increase in the number of patents granted in the U.S. patent office.

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