Deciphering Patent Value for Benchmarking Purposes Insights from a Case Study on the Development of Additive Manufacturing in the Aerospace Industry Master’s thesis in Management and Economics of Innovation
Typ
Examensarbete för masterexamen
Master's Thesis
Master's Thesis
Program
Management and economics of innovation (MPMEI), MSc
Publicerad
2024
Författare
Vala, Diogo Carvalhal
Wasenius, Nicklas
Modellbyggare
Tidskriftstitel
ISSN
Volymtitel
Utgivare
Sammanfattning
Patent benchmarking is a valuable practice as companies can thereby gain understanding
about their relative positioning within their industry. With the emergence of software for
calculating patent scores, companies can now perform this benchmarking against competitors
more easily. A lack of transparency in these scoring models however poses the question of
what kind of patent value the models actually reflect and how the scoring ties to the overall
patenting strategy. Furthermore, there is no one standard method for patent valuation, which
further decreases the understanding for patent valuation as a practice. Understanding how to
interpret potential value drivers for benchmarking is therefore crucial, yet it has been devoted
little focus in the literature on patent valuation for benchmarking purposes.
This thesis proposes a transparent framework for patent valuation for benchmarking purposes.
The framework aligns the overarching goals of the patenting strategy with the benchmarking
process, capturing the value drivers relevant to the specific context from a firm, technology and
industry perspective. The methods leading up to the framework are a literature review of the
empirical and theoretical arguments for different valuation metrics, a case study to understand
the specific valuation context and a patent search for gathering the necessary patent data.
The study concludes that patent valuation for strategic purposes is highly contextual. Finding a
balance between comprehensive and manageable valuation processes is essential. Although
the contextualization can be time-consuming, it enhances transparency and fosters important
discussions about what constitutes the value of patenting
Beskrivning
Ämne/nyckelord
Patent valuation , Patent benchmarking , Patent portfolio benchmarking , Patent portfolio management