The purpose of the paper is to provide a taxonomy of values created by corporate patents.
Abstract
Purpose
The purpose of the paper is to provide a taxonomy of values created by corporate patents.
Design/methodology/approach
Following an extensive literature review, value created by corporate patents is analysed according to four categories: embedded in individuals; embedded in systems and structures; market; and non‐market. This paper demonstrates that the value created by a company can reside in any of these four dimensions.
Findings
One of the main findings is that value created by corporate patents can be both market and non‐market and can be embedded both in individuals and in systems and structures. Organisations can apply this framework to assess their needs and abilities with regard to value creation from patents.
Research limitations/implications
This research sets the background for an empirical study which can be conducted to confirm the theory.
Practical implications
The paper is a useful resource for patent managers and policy‐makers, as it provides them with a tool to analyse value embedded in patents and guidelines how to develop this value further.
Originality/value
The analysis presented here differs from the traditional evaluation of patents through patent statistics and it offers a theoretical framework which can be used by companies for the analysis of their patent portfolio. This paper provides insight into the possibilities and problems that underpin value creation from patents and shows what type of value can be created and how this value can be extracted.
Details
Keywords
Ludmila Striukova and Thierry Rayna
The purpose of this paper is to provide a better understanding of what Open Innovation means within university context. Focus is also put on the role universities believe they…
Abstract
Purpose
The purpose of this paper is to provide a better understanding of what Open Innovation means within university context. Focus is also put on the role universities believe they should play in Open Innovation, as well as the changes that might have arisen as a consequence of universities’ greater awareness of this concept.
Design/methodology/approach
The research methodology used is an exploratory study based on in-depth semi-structured interviews of Pro-Vice-Chancellors (or equivalent level) of a variety of British universities. The study was designed around five main research themes: discourse, change, strategy, management, Open Innovation success.
Findings
In addition to the traditional teaching, research and knowledge transfer roles of university, this study has uncovered a new role of universities: trusted intermediary (or “Open Innovation Hub”). Another key finding of this study is that it highlights the diversity that prevails in the UK with regard to Open Innovation.
Research limitations/implications
The number of the interviews conducted for this study is probably not large enough to allow a solid generalisation. Data saturation, however, was achieved in this study. The insight provided by this study is particularly significant as interviewees were amongst the highest-ranking executives in their respective universities. Hence the views reported in this study are what “drives” Open Innovation policies in the universities that participated in this study.
Practical implications
This new role of a trusted intermediary played by universities is very likely to change the existing Open Innovation landscape and re-shape policies.
Social implications
The changing role of universities within Open Innovation context may potentially change the respective role of other stakeholders in the Open Innovation ecosystem.
Originality/value
This is the first study aimed at investigating how British universities understand Open Innovation and what opportunities and challenges they associate with this process.