Intellectual Property Basics Attorney in Minneapolis, Minnesota

Value Management Lifecycle

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The three phases of the value management lifecycle are essentially an iterative process of assessment, diagnostics on that assessment, and then action based upon the diagnostics, and then it’s a repeat. Basically you look for each and every activity or asset that you want to work upon. Then you diagnose whether that has a high value, a low value, a moderate value, and has any relationship to a product. Then you drive an action on that, whether it’s to abandon, to cull, to monetize, or to enhance by further action of the patent office.

Minneapolis patent attorney Mark Stignani describes the three different phases of the value management lifecycle.

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