Helping Clients Launch an Effective Technology Management Program

December 7, 2015

5273From the very time they are launched, companies need to engage in a careful and deliberate process of developing, implementing and continuously improving policies and practices with respect to development, acquisition and protection of the technology and other intellectual property rights that are necessary for pursuit and achievement of their strategic goals and objectives.  In general, technology management concerns itself with the creation or acquisition of technology, particularly the process of transforming basic knowledge, or science, into products that have practical and commercial utility in the marketplace or in internal business activities.  Technology management also includes the steps that need to be taken to protect the technology of the firm, including the development and maintenance of an intellectual property rights portfolio, and the formulation and implementation of strategies for commercial exploitation of the company’s technological assets.

Gutterman WLEC bannerThis month’s update of Business Transactions Solution on Westlaw Next brings the addition of a new chapter on “Technology Management” (§§ 206:1 et seq.) that discusses the policies and practices that should be implemented by companies with respect to development, acquisition and protection of the technology and other intellectual property rights that are necessary for pursuit and achievement of their strategic goals and objectives.  Among the topics covered in the chapter are definitions of technology and technology management; assigning management responsibilities for technology activities; methods for acquisition of new technologies, including internal development and outsourcing; strategies for exploitation of technology rights; methods for protecting the advantages of technologies; knowledge management; the strategic aspects of technology management; technology forecasting; and technology scanning, evaluation and selection. The chapter includes executive summaries for clients regarding intellectual property rights and intellectual property audits, a management guide on technology management, a slide deck presentation on technology management to be used for law firm training purposes, and several guides relating to various aspects of technology management from the Business Counselor’s Mini-MBA Program.

If you would like to learn more about the materials described above and gather some other tips on help your clients with technology management, please participate in the next program from the Business Counselor Institute on “Helping Clients Launch an Effective Technology Management Program”.  It will be presented on Tuesday, December 8th at Noon Central Time and you can register at this link: https://westlegaledcenter.com/program_guide/course_detail.jsf?videoCourseId=100097846

Titles by Alan Gutterman