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Developing Your Own IP System: IPM Audit Model

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Developing Your Own IP System: IPM Audit Model

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Questions and Answers

How many major processes are there in the IP management system?

15 (correct)
130
11
32

What was the main criteria used to select the organizations for studying the IP management system?

Both a and b (correct)
They should be from the Electrical Engineering sector
They should have a good IP portfolio
They should be top IP filing organizations or Thomson innovation award winners

Which of the following is NOT one of the 11 initial codes identified for the IP management processes?

IP Security system
IP Idea generation (correct)
IP Maintenance
IP Policy & Contracts

What was the purpose of converting the 32 IPM related processes into 11 codes?

To reduce the total number of processes from 130+ to a manageable number (D) Signup and view all the answers

Which of the following statements about the development of the IP management model is NOT true?

The model was developed without any input from industry experts (A) Signup and view all the answers

What is the significance of the 'IP inventory' code in the IP management system?

It is used to maintain a record of the organization's IP assets (B) Signup and view all the answers

What is the primary purpose of the IPM Audit model?

All of the above (D) Signup and view all the answers

Which of the following is NOT one of the major challenges addressed by the IPM Audit model?

Securing funding for IP protection and commercialization (B) Signup and view all the answers

What is the total number of stages and major processes in the IPM Audit model?

5 stages and 15 major processes (D) Signup and view all the answers

Which of the following statements is NOT true about the IPM Audit model?

It is applicable only to academic and research institutions (D) Signup and view all the answers

Which of the following questions is NOT addressed by the IPM Audit model, according to the text?

How can organizations secure funding for IP protection and commercialization? (D) Signup and view all the answers

Which of the following statements is true about the IPM Audit model?

It can be applied effortlessly to establish an IP system if one is not present (A) Signup and view all the answers