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Companies with Trade Secret Losses Intensify Corporate Trade Secret & Proprietary Information Management Practices
Friday, January 10, 2014
According to ipPerformance Group Corporate Trade Secret & Proprietary Information Management Report
ipPerformance Group, a leader in best practices benchmarking corporate intellectual property law and management operations announces the release of its Corporate Trade Secret & Proprietary Information Management report. The findings indicate that companies are expanding their trade secret practices to reduce theft and misappropriation incidences.
With growing concern regarding espionage and trade secret theft, companies are evaluating their trade secret programs and improving training programs at an increasing rate. More companies are aggressively training and formalizing policies. says Robert Williamson, president at ipPerformance Group.
Among the findings that emerged from this research are the following:
- Overall, 90% of companies indicated that they have a function responsible trade secret management. Yet, only 48% of companies stated that they have formal processes in place for the identification and classification of trade secrets.
- 77% of companies indicated that they have corporate training that discusses trade secret and proprietary information protection practices.
- Compared to companies that did not experience misappropriation losses, twice as many companies that had a loss have formal processes in place for the identification and classification of trade secrets.
The topics that we investigated include: 1) Types of Proprietary Information Identified and Managed, 2) Functions Responsible for Managing Trade Secret, 3) Classifying and Auditing, 4) Identification and Classification Processes, 5) Training, 6) Misappropriation & Loss Incidents, 7) Cybercrime & APT (advanced persistent threats), 8) Executive Support, 9) Employee Communication, 10) Software Tools, and 11) Trade Secret Management & Tracking
33 companies representing a variety of industries participated in this comprehensive study, including Freescale Semiconductor, Owens Corning, NOVA Chemicals, Clorox, Dow Corning, Oclaro, Praxair, Celanese, Swagelok, IBM Corp., Sun Chemical Corp. and Sasol.
A full report of the survey findings is available at ipPerformance Groups website.
Other intellectual property asset management research topics include intellectual property management strategy and performance metrics, litigation and enforcement, trade secret management, intellectual property asset management software, training and education, open innovation, open source governance, patent search and analytics, intellectual property department operations, trademark strategies and practices, and licensing management.
About ipPerformance Group
ipPerformance Group, Inc. (www.ipperform.com ) is the world leader in providing fact-driven intellectual property (IP) advisory services and IP best practices research. Drawing on the knowledge of over 450 intellectual property management benchmarks of the Global 2000 companies, we help corporations measurably enhance business value, manage risk and solve complex yet common intellectual property business problems that drive performance in an IPdriven world. Our strategy services experts help clients assess their intellectual property management process, performance and personnel against peers and best practices to effectuate a strategically business aligned program. Our technology solutions services experts help clients effectively adopt and integrate proven management and analysis software into their organization to enhance productivity and decision-making.
ipPerformance Research conducts extensive benchmarks focused on intellectual property operations best practices. This research has enabled corporate leaders throughout the world to measure performance and identify improvement opportunities.
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