Persistent Budget Pressures Demand Smarter Strategic Approaches to Patent Portfolio Development and Management
Successful companies need a fresh approach to patent management. IP leaders must obtain and manage robust patent portfolios both effectively and cost-efficiently. In this white paper, we outline our vision for a smarter future for global patent portfolio management. We discuss a patent landscape that includes the following:
Using narrowly tailored approaches to cost savings
Aligning business goals with filing strategies using data-based objective analysis
Transforming patent departments into profit centers
Managing patent budgets using business goals and cost-forecasting
Companies face challenging decisions in the near-term future. Those that fail to adapt to the new norm will miss opportunities for innovation and will struggle to compete.