Exploiting Intellectual Property to Promote Innovation and Create Value

There are two traditional views of the role of intellectual property (IP) within the field of innovation management: in innovation management research, as an indicator or proxy for innovation inputs or outputs, e.g. patents or licensing income; or in innovation management practice, as a means of protecting knowledge. Exploiting Intellectual Property to Promote Innovation and Create Value argues that whilst both of these perspectives are useful, neither capture the full potential contribution of intellectual property in innovation management research and practice.The management of IP has become a central challenge in current strategies of Open Innovation and Business Model Innovation, but there is relatively little empirical work available. Theoretical arguments and empirical research suggest that from both an innovation policy and management perspective, the challenge is to use IP to encourage risk-taking and innovation, and that a broader repertoire of strategies is necessary to create and capture the economic and social benefits of innovation. This book identifies how intellectual property can be harnessed to create and capture value through exploiting new opportunities for innovation. It is organized around three related themes: public policies for IP; firm strategies for IP; and creating value from IP, and offers insights from the latest research on IP strategies and practices to create and capture the economic and social benefits of innovation.

Joe Tidd, BSc MBA (Imperial) MSc DPhil (Sussex), is a physicist with subsequent degrees in technology policy and business administration. He is Professor of technology and innovation management at SPRU, and visiting Professor at University College London, and previously at Cass Business School, Copenhagen Business School, and Rotterdam School of Management. Dr Tidd was previously Deputy Director of SPRU, and Head of the Innovation Group and Director of the Executive MBA Programme at Imperial College.

He has worked as policy adviser to the CBI (Confederation of British Industry), presented expert evidence to three Select Committee Enquiries held by the House of Commons and House of Lords, and was the only academic member of the UK Government Innovation Review. He is a founding partner of Management Masters LLP.

He was a researcher for the five-year International Motor Vehicle Program of the Massachusetts Institute of Technology (MIT), which identified lean production, and has worked on technology and innovation management projects for consultants Arthur D Little, CAP Gemini and McKinsey, and numerous technology-based firms, including American Express Technology, Applied Materials, ASML, BOC Edwards, BT, Marconi, National Power, NKT, Nortel Networks and Petrobras, and international agencies such as UNESCO in Africa.

He is the winner of the Price Waterhouse Urwick Medal for contribution to management teaching and research, and the Epton Prize from the R&D Society.

He has written eight books and more than sixty papers on the management of technology and innovation, including Managing Innovation (sixth edition, 2017, with John Bessant), has more than 14,000 research citations (Google Scholar), hosts a popular YouTube channel, and the Innovation Portal in excess of a million page visits (Google Analytics). He is part of the Intrapreneurship Hub, a collaborative venture between Sussex, Bocconi and Renmin business schools. He is Managing Editor of the International Journal of Innovation Management (IJIM) , which is the official journal of International Society of Professional Innovation Management (ISPIM), and Managing Editor of the research series on Technology Management for Imperial College Press.