A Note on the Value of Patents as Indicators of Innovation: Implications for Management Research

Gittelman, Michelle
August 2008
Academy of Management Perspectives;Aug2008, Vol. 22 Issue 3, p21
Academic Journal
The article discusses the use of patents as a means of measuring technological innovation. Aspects of patent data which can be mined for information, such as citations, are described. The process of patent creation, which involves specialized professional services such as prior art searches, is described. It is noted that most patents are of relatively little value. Highly lucrative patents, most often pharmaceutical, represent the exception rather than the rule. Patent renewals are another variable which can be studied in order to better understand the evolution of interactions between technology and society.


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