Business leaders, management teams, boards, investors, and employees are obliged to consider; when the phrase ‘they’ve stolen our intellectual property’ is uttered, radars across a business’s value chain will suddenly become more sensitive – less resilient, for good reason.
I am not suggesting that business leaders avoid, dodge, or ‘second guess’ uttering ‘they’ve stolen our intellectual property’. Quite the contrary.
I am encouraging business leaders, et al, to recognize that safeguarding – mitigating risks to proprietarily developed, held, and ‘mission essential’ intangible assets translate to a fiduciary obligation.
Business things intangible recognized – designated as ‘mission essential’ materialize as various forms, contexts, applications of…
- intellectual, structural, and relationship capital, and various ways same converge as ‘operating culture’.
- which a business, brand, product, and/or service is reliant – dependent relative to valuation, attracting investment, and its competitiveness, revenue generation capability, and sustainability,
- vis-à-vis customers, clients, buyers, users, investors, and stakeholders.
I am advising business leaders, et al, to recognize when the phrase ‘they’ve stolen our intellectual property’ is uttered, it will likely influence variations of the following…
- theories will flourish about what, why, who, when, and how it occurred.
- leadership, brands, business operating cultures, and relationships will suddenly be suspect.
- notices may follow that some (manufacturing – distribution relationships may be re-considered or revoked.
- employees may be laid off and the institutional – experiential knowledge and knowhow they hold may begin to seek opportunities elsewhere.
- ‘fingers will-be-pointed’ everywhere, along with arrays of if-only’s, and I told you so’s, being uttered and offered, e.g., suspicions, insinuations, and ‘theories’ for debate and scrutiny via social media.
- leader, product, innovation, and service reputation will suddenly become suspect.
- brand and innovation valuation and investment attractivity will likely decline and/or wholly withdraw due to association.
- strategic business aspirations – plans will suddenly need attention, possibly alteration, and new investment.
- civil action (ala prolonged, costly, and momentum stifling) will be advocated by some, but holds little opportunity for near term outcomes to recoup damages, impairments, or losses, sufficient to return to a-state-of-whole.
More on these, and other important topics – issues @ Business Intangible Asset Blog…
The ‘Business Intangible Asset Blog’ is experientially researched, written, and produced by Michael D. Moberly (since 2006 – over 1000 long form posts) to provide readers (business leaders, management teams, boards, and investors) with reliable perspectives and nuanced insights to distinguish, value, and safeguard particular – business things intangible designated as mission essential.