Measuring Strategic Technological Strength :Patent Portfolio Model
The research is supported by the Knowledge Innovation Program of the Chinese Academy of Sciences, the project “Study on the Multi-relationship Fusion Method of Technology Innovation Path Recognition” (No. 18BTQ067) supported by National Social Science Fund of China and “Study on the Recognition Method of Innovative Evolving Trajectory based on Topic Correlation Analysis of Science and Technology” (No. 71704170) supported by National Natural Science Foundation of China. The time of Tugrul Daim in this article is partially funded by the Basic Research Program of the National Research University Higher School of Economics (HSE) and by the Russian Academic Excellence Project ‘5-100’.
Technological Forecasting and Social Change
As technological innovation plays an important role in today's knowledge economy, the most important output of technology development is intellectual property, which is highly valued for generating a monopoly position in providing payoffs to innovation. In this context, this paper considers Intellectual Property Management (IPM) efficiency based on the Patent Portfolio Model (PPM) to help organizations identify, enhance, and evaluate their technological strength. The Patent Portfolio Model (PPM) is built to assess the advantages and disadvantages of an organization, to identify the opportunities of development potentials and optimal distribution, to support the decision-making for optimizing resource allocation, and to develop a layout for the technical field. The case study of the Research Institute of China shows that this method is feasible and fulfills the needs of different institutions to provide suggestions for R&D technology management. The main finding of the paper is that PPM is an effective tool to be used in strategic planning because it identifies the technology advantages to define offensive and defensive strategies against competitors. The use of IPM and PPM helps decision-makers to visualize and simplify complex decision-making problems.
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Li, S., Zhang, X., Xu, H., Fang, S., Garces, E., & Daim, T. (2020). Measuring strategic technological strength: Patent Portfolio Model. Technological Forecasting and Social Change, 157, 120119.