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Elements and Performance Criteria

1. Identify the organisation’s intellectual property assets and rights
   • Identify the intangible assets residing within the organisation and how they can be protected
   • Identify the sections of the organisation in which intellectual property is created, procured or transferred and for which management is required
   • Research intellectual property rights appropriate to the organisation according to legislative requirements
   • Identify and access sources of information and advice for protection of the organisation’s intellectual property
   • Conduct a cost-benefit analysis of protecting intellectual property and determine risks
   • Identify and use appropriate intellectual property professionals to initiate processes to protect intellectual property, according to the type of intellectual property protection required
2. Create a strategy to manage the organisation’s intellectual property
   • Review or create an organisational strategy and review or develop policies and procedures for protection, management and use of intellectual property as part of the organisation’s business strategy
   • Plan and implement an intellectual property audit and establish or review the value and use of the organisation’s intangible assets inventory
   • Plan and make recommendations for implementation of a strategy for business growth through use of organisation’s intellectual property
   • Plan and implement strategies to ensure employees, partners and contractors protect the organisation’s and others’ intangible assets
   • Establish or review procedures to securely record and store documentation related to the organisation’s intangible assets
3. Monitor and maintain organisational strategies for the protection and use of intellectual property
   • Regularly monitor and review strategies, policies and procedures for the identification, protection and use of intellectual property to ensure they are working effectively and make changes if required
   • Manage the identification of potential infringement of organisation’s intellectual property rights and ensure appropriate action is taken
   • Promote a culture of compliance and respect for the intellectual property rights other organisations and individuals
4. Manage the commercialisation of the organisation’s intellectual property to ensure business growth
   • Research the role intellectual property will play in the strategic plans of the organisation
   • Contribute to the implementation of the commercialisation of the organisation’s intellectual property
   • Manage the review of the activities of existing or potential competitors and assess their impact on the organisation’s intangible assets
   • Access and effectively use others’ intellectual property within legal guidelines for business advantage
5. Identify the organisation’s intellectual property assets and rights
   • Identify the intangible assets residing within the organisation and how they can be protected
   • Identify the sections of the organisation in which intellectual property is created, procured or transferred and for which management is required
   • Research intellectual property rights appropriate to the organisation according to legislative requirements
   • Identify and access sources of information and advice for protection of the organisation’s intellectual property
   • Conduct a cost-benefit analysis of protecting intellectual property and determine risks
   • Identify and use appropriate intellectual property professionals to initiate processes to protect intellectual property, according to the type of intellectual property protection required
6. Create a strategy to manage the organisation’s intellectual property
   • Review or create an organisational strategy and review or develop policies and procedures for protection, management and use of intellectual property as part of the organisation’s business strategy
   • Plan and implement an intellectual property audit and establish or review the value and use of the organisation’s intangible assets inventory
   • Plan and make recommendations for implementation of a strategy for business growth through use of organisation’s intellectual property
   • Plan and implement strategies to ensure employees, partners and contractors protect the organisation’s and others’ intangible assets
   • Establish or review procedures to securely record and store documentation related to the organisation’s intangible assets
7. Manage the commercialisation of the organisation’s intellectual property to ensure business growth
   • Research the role intellectual property will play in the strategic plans of the organisation
   • Contribute to the implementation of the commercialisation of the organisation’s intellectual property
   • Manage the review of the activities of existing or potential competitors and assess their impact on the organisation’s intangible assets
   • Access and effectively use others’ intellectual property within legal guidelines for business advantage