Intellectual Property and Corporate Strategy

IP Risk and IP Risk Management

Description

IP risk is a fact of life - but it can be managed or avoided. In this course we join expert in the field, Donal O’Connell, who guides us through typical IP risks, the management process, solutions for mitigating risk, the idea of an IP risk register, risk visualizations and the psychology of IP risk management.

Duration
This unit has 0 Minutes of videos.

Unit Progress

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Modules
  1. What are typical IP related risks?
  2. What should an IP risk management process look like?
  3. What solutions are there to mitigate IP risk?
  4. What is an IP risk register?
  5. How can IP risks be visualized?
  6. The psychology of IP risk management
  7. Quiz

Modules


Module 1

What are typical IP related risks?

Duration: 0 Minutes

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In this introductory module, Donal explores what we mean by risk in the world of intellectual property and the principal sources where this risk can come from. Then, we take a deep dive into four specific IP related risks, including those associated with patents, trade secrets, ‘soft IP’ and open source software.

Additional Resources
IP as an asset: Valuation of Trade Secrets
Open Source Software: A Primer on Open Source Software for Business People and Lawyers from the WIPO
Module 1 - Transcript
Module 2

What should an IP risk management process look like?

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In this module, we join Donal for a discussion on the IP risk management process. IP risk management is a practice that deals with processes, methods, and tools for managing IP risks in a project, business unit or organization. Donal will explain how to identify, assess and prioritize IP related risks - and we’ll find out more on a coordinated and cost-effective application of resources to reduce or eliminate either the probability or the impact of these IP related risks to the organization.

Additional Resources
IP Asset Development and Management: A Key Strategy for Economic Growth
Module 2 - Transcript
Module 3

What solutions are there to mitigate IP risk?

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Completed

Any company faces a variety of IP related risks, some foreseen others unforeseen. The process of IP risk management is not only restricted to controlling the IP related threats or reducing their negative effects. It is a much deeper concept that also involves IP risk avoiding as well as IP risk taking. In this module, Donal gives pragmatic advice on the themes of risk avoidance, risk reduction, risk transfer, risk sharing and risk acceptance.

Additional Resources
A guide to IP insurance from the UK Intellectual Property Office
Module 3 - Transcript
Module 4

What is an IP risk register?

Duration: 0 Minutes

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A risk register is essential to the successful management of risk. As risks are identified they should be logged onto the risk register as well as the actions to first analyse and then respond to the risk. In this module, Donal takes us through the key elements for setting up and maintaining this register.

Additional Resources
Overview of an Intellectual Property Risk Register
Module 4 - Transcript
Module 5

How can IP risks be visualized?

Duration: 0 Minutes

Completed

Without IP risk visualisation, IP risk registers will more often than not fail to accomplish the objectives of IP risk management and support better decision making. In this module, we investigate the concept of an IP risk heat map and how it can be used for effective IP management.

Additional Resources
Using patent landscapes to assess different types of risk
Module 5 - Transcript
Module 6

The psychology of IP risk management

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Completed

There are a variety of psychological factors which influence how people react to risks. Research conducted on this topic has helped to understand people’s risk perceptions and crucially how this relates to matters involving intellectual property. Donal O'Connell explores how different companies react in various scenarios and assesses the best approaches to, and methodologies for, dealing with risk.

Additional Resources
Full article: The psychology of IP risk management
Module 6 - Transcript
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