Intellectual property management as part of the knowledge economy

Abstract

By the end of the 20th century, economy had been developing as a classic one. As we entered the new century and the ever changing economic environment, traditional economy is no more actual. Time has come for the so-called knowledge economy which focuses almost exclusively on intangible assets. Among these, are of most value intellectual property items. Factors such as land, machines, buildings and other tangible assets are not so important anymore. Intangible assets based on knowledge, experience, creativity, innovations, technological advancement are on the forefront of economic progress and are defined as intellectual property. As such, the ownership and effective management and protection of intellectual property is vital to all companies and their success.

Keywords

• intellectual property
• intellectual property management
• knowledge economy
• importance of intellectual property
• effective management of intellectual property