This image from Innovationedge is used in our book, Conquering Innovation Fatigue, to describe the relationship that needs to exist between intellectual assets and the marketing plan to complete the circuit that connects the power of the market to inventors. Leave out either a sound IA strategy (holistic or 360 IA™) or the marketing plan, and you’ve short-circuited your chances for success. Ideally, your intellectual assets are in synch with your marketing plan, meaning they reinforce the marketing story and tell a marketable story of their own, in harmony with the marketing plan. The strengths you sell to the market had better be reflected in some way in the intellectual assets (think more broadly than patents alone, of course). This will be part of our conversation tonight on Brian Fried’s hit radio show, GotInvention radio at GotInvention.com, broadcast at 7 pm Central Time.
Be sure to tune in next week on March 25 to hear Cheryl Perkins, CEO of Innovationedge, share more about what it takes to achieve innovation success.