MITIGATING INNOVATION RISKS CONCERNING INTELLECTUAL PROPERTY INSTRUMENTS

Andreea Dumitrescu, Geanina S. Banu and Anca A. Purcărea
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Andreea Dumitrescu: Faculty of Entrepreneurship, Business Engineering and Management, University “Politehnica” of Bucharest, Romania
Geanina S. Banu: Faculty of Entrepreneurship, Business Engineering and Management, University “Politehnica” of Bucharest, Romania
Anca A. Purcărea: Faculty of Entrepreneurship, Business Engineering and management, University “Politehnica” of Bucharest, Romania

SEA - Practical Application of Science, 2014, issue 5, 303-310

Abstract: As protection of innovation is possible using a variety of intellectual property instruments, the current paper aims at emphasizing the vulnerabilities of these instruments in order to facilitate the right choice in terms of protection, exploitation and dissemination of innovation. Based on a review of the intellectual property instruments and their related risk factors, the study identifies and formulates specific proactive strategies which arise from the fact that an instrument alone does not allow for effective protection, exploitation and dissemination and oftentimes the owners of innovation should combine traditional and alternative instruments. Therefore, the results of this analysis represent a helpful tool for managers in the decisional process.

Keywords: Innovation; Risk factors; Intellectual property (search for similar items in EconPapers)
JEL-codes: O34 (search for similar items in EconPapers)
Date: 2014
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