Intellectual assets based management for innovation

Abstract

Purpose The purpose of this paper is to make clear why innovation matters now, how intellectual asset based management is related to it, how innovation and excellent management contribute to the world economy and what is necessary from now on, taking Japanese experiences into account. Design/methodology/approach This paper summarizes the current status on innovation and intellectual asset based management, analyzes the expected function of them, and extracts implications from it. Findings This paper finds that intellectual asset based management has a close logical relation with innovation, and could be a solution for challenges caused by globalization. Practical implications International cooperation on promoting innovation through intellectual asset based management could save the world economy. Originality/value This paper illustrates the implications of increasing interests in intellectual assets from various points of view, especially in relation to innovation.

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