Finding Gaps: Identifying areas where additional patents

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Could strengthen your position or where there is a lack of innovation. Strategic Alignment: Ensuring that the portfolio is aligned with the company's strategic direction and technology focus. By mapping patents, organizations can streamline their portfolios, focusing on assets that provide a competitive advantage and getting rid of those that do not.

.3. Strategic Abandonment: When to Lose Assets to Save Costs Strategic abandonment involves the deliberate disposal of intellectual property assets that no longer contribute to the organization's objectives. Consider africa whatsapp number
abandonment when: High maintenance costs: The cost of maintaining the asset outweighs the potential benefits. Lack of Market Demand: The technology or product is no longer in demand or has been replaced by better alternatives.




Legal Challenges: The asset is involved in costly or uncertain legal disputes. Resource Allocation: Resources tied to the maintenance of the asset could be better utilized elsewhere. Strategic divestiture allows organizations to focus on high-value assets, reduce costs, and align the portfolio with current business priorities.