Intellectual Property, Innovation And New Product Development

Topics:
Product Development and Design
Tags:
Business Operations,
Innovation,
Intellectual Property,
Leadership,
Management,
New Product Development,
Research & Development,
World Intellectual Property Organization
Source:
World Intellectual Property Organization

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Overview: Technological innovation is one of the principal determinants of business success. Enterprises stand to reap greater benefits from innovation if they consider the full range of Intellectual Property (IP) issues in new product development. Effective use of the tools of the IP system reduces risk and facilitates the process of taking innovative technology to the market place, while at the same time enhancing the competitiveness of technology-based enterprises. In order to explain the role of the tools of the IP system, this paper explores technological innovation as an interactive process made up of a number of distinct stages, beginning with the formulation of a novel idea/ concept, followed by Research and Development (R&D), ending in the launch of a new or improved product in the marketplace.

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Format: PDF | Size: 192KB | Date: Jul 2005 | Pages: 5

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