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?

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

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

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

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

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

What is the primary purpose of the IPM Audit model?

<p>All of the above (D)</p> Signup and view all the answers

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

<p>Securing funding for IP protection and commercialization (B)</p> Signup and view all the answers

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

<p>5 stages and 15 major processes (D)</p> Signup and view all the answers

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

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

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

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

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

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

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