IP Strategies International
Kevin P.
Ashby, B.Sc.(Chem.Eng.), LL.B.
September 2004
CLIENT
CIRCULAR #3: Recognizing an IP Strategy
Forrest Gump
is portrayed as having inspired a number of modern catchphrases. “Inventions happen” wasn’t one of them.
Yet, many
inventions do happen. Call
it serendipity. But most are testimony
to 99% perspiration and only 1% inspiration:
An inventor faced with a technical problem determinedly sets about
solving it. Organisations adopt
strategies to produce patents that are planned.
Having a well
thought-out intellectual property (IP) strategy can help reduce your sweat
percentage and save you money by avoiding irrelevant patenting.
Business is
rich with military imagery and terminology.
As a strategist, you play the general.
You apply your strategy to bring a required result - to win the sales
“war” - by setting achievable goals and
making specific plans to achieve them.
You reach them by implementing the plans – i.e. fighting the battles.
For example,
let us say you are in the male cosmetics business and market research concludes
that males pay more attention to the appearance of their cars than to
themselves. You devise a marketing
campaign that focuses on the face as an extension of the car, e.g. “What’s the
good of having a great looking car if you can’t match it with your face?” You instruct your R&D to look into the
technical feasibility of including certain active ingredients known in car wax
in a new line of male cosmetics and to find new ones that can be used in both,
while you research a branding strategy that will evoke sport scar associations
in the mind of the consumer male.
To support
your investment in the R&D, you apply a patent strategy of patenting links
between the identified ingredients and the facial appearance benefits they
produce, so as to cordon off the area to competitors. The strategy will not be apparent
immediately to outsiders, as it takes 18 months for new patent applications to
be published. Once the pattern of
patenting car wax ingredients for male cosmetics is evident, it will often be
too late for competitors to disrupt it. A strategic position is secured.
Next
week: Savings from strategies.
PO Box 320
Kalamunda WA 6926 Australia
Mob: 0439 099 309 Tel:
+61 8 9293 0236 Fax: +61 8 9293 0276
ashby@ipstratint.com; www.ipstratint.com