Elements and Performance Criteria
- Identify the organisation's intellectual property assets and rights
- Identify the intangible assets residing within the organisation and how they can be protected
- Identify the sections of the organisation in which intellectual property is created, procured or transferred and for which management is required
- Research intellectual property rights appropriate to the organisation according to legislative requirements
- Identify and access sources of information and advice for protection of the organisation's intellectual property
- Conduct a cost-benefit analysis of protecting intellectual property and determine risks
- Identify and use appropriate intellectual property professionals to initiate processes to protect intellectual property, according to the type of intellectual property protection required
- Create a strategy to manage the organisation's intellectual property
- Review or create an organisational strategy, and review or develop policies and procedures for protection, management and use of intellectual property as part of the organisation's business strategy
- Plan and implement an intellectual property audit and establish or review the value and use of the organisation's intangible assets inventory
- Plan and make recommendations for implementation of a strategy for business growth through use of organisation's intellectual property
- Plan and implement strategies to ensure employees, partners and contractors protect the organisation's and others' intangible assets
- Establish or review procedures to securely record and store documentation related to the organisation's intangible assets
- Monitor and maintain organisational strategies for the protection and use of intellectual property
- Monitor and review strategies, policies and procedures for the identification, protection and use of intellectual property regularly to ensure they are working effectively, and make changes if required
- Manage the identification of potential infringement of organisation's intellectual property rights, and ensure appropriate action is taken
- Promote a culture of compliance and respect for other organisations' and individuals' intellectual property rights
- Manage the commercialisation of the organisation's intellectual property to ensure business growth
- Research the role intellectual property will play in the strategic plans of the organisation
- Contribute to the implementation of the commercialisation of the organisation's intellectual property
- Manage the review of the activities of existing or potential competitors and assess their impact on the organisation's intangible assets
- Access and effectively use others' intellectual property within legal guidelines for business advantage