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.
Journal of Intellectual Capital – Emerald Publishing
Published: Apr 18, 2008
Keywords: Intellectual property; Innovation; Assets management; Japan