Is Intellectual Property Beneficial to Knowledge Management? Literature Review on Organizational Knowledge Protection

Since the technological process is shorter, organizations consider intellectual property rights (IPR) protection of knowledge is unnecessary. Prior studies have paid concentration to protect technological entrepreneurship and physical assets rather than intangible assets like knowledge. This paper seeks to analyze the function of IPR with knowledge management (KM) as an aid to protect knowledge. It also designs the formal and informal intellectual property (IP) act in organizational knowledge protection. Former research primarily concerned on formal IPR but the value of informal IP protection is also defended. The methodology adopted was literature research and provided some particular comprehensive suggestions. There is a provided conceptual framework that represents the true scenario of research. Thus, it assists organizations in highlighting the situation in which informal IP is possibly more beneficial. The informal IP is easy, simple to manage, and cost-effective to use, which is an important aspect of the everyday activities of an organization.