Forensic and Litigation Consulting
August 23, 2008
Economic rewards will flow to those organizations with strong intellectual property potential—but only if they manage their IP well through a disciplined process of creating and acquiring, managing and protecting, and effectively extracting value from their intellectual assets.
While successful management of an organization’s intellectual property is critically important to its success, it is a process inherently difficult to do well. FTI Consulting has created and shaped its multi-faceted global intellectual property practice with the express purpose of helping organizations deal with the inherent and emerging complexities of successful intellectual property management.
THE GROWING IMPORTANCE OF SUCCESSFUL INTELLECTUAL PROPERTY MANAGEMENT
We are surrounded by proof that intellectual property is critically important to most businesses. For instance, according to a Federal Reserve Board study, United States businesses today invest as much in intellectual property and other intangible assets, about $1 trillion, as they do in equipment, factories and other physical investments. Consider also that 70-80% of market capitalization of the S&P 500 is made up of intangible assets and that intellectual capital is paramount to companies in emerging markets worldwide. These considerations, compounded with the growing number of intellectual property infringement awards and settlements in excess of $500 million, the $200 billion dollars flowing to companies annually in the form of licensing revenues, and the estimated trillions of dollars in value of unexploited patented technology, leave little doubt regarding the ever growing importance of a successful intellectual property management program.