Strategies for managing intellectual property value: A systematic review

Growing trends in the development and application of intellectual property (IP) witnessed in recent years suggest an expanding role of technology and innovation in global economies and daily life. Such trends account for increasing research interest in strategies for the management of IP and potential opportunities for broadening the scope of IP value. This study reviews 168 journal articles on IP value, identifying main research concepts and strategies for managing IP value. Using insights from the review, the study provides a multi-level framework describing the dominant logic and key factors for managing IP value. The framework proposes a network-dominant logic for collaboration, which collects and generates collective IP value, and a risk-dominant logic for management, which evaluates and mitigates possible IP value loss. The study also contains recommendations on some potential future research directions for studying IP value.