Unit of competency Outline

Date retreived
23/07/2026 12:23 AM AWST

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Manage intellectual property to protect and grow business

Manage intellectual property to protect and grow business

Unit of competency
National Code
BSBIPR501
State Code
AUI50
TGA Status
Replaced
DTWD Status
Transition (Replaced)
Current Release Number
1.00
Current Release Date
25/03/2015
View on TGA
State Implementation and Classification
Approved Date
15/09/2015
Field of Education
080315 - Project Management
Original Release Date
15/09/2015
Nominal Hours
50
Description
This unit describes the performance outcomes, skills and knowledge required to protect, secure and effectively use intangible assets of value to an organisation. It focuses on establishing and maintaining systems to protect and exploit an organisation’s intellectual property to ensure business growth.It applies to managers or coordinators who take an active role in recognising, securing and commercialising intangible assets which contribute to the organisation’s profitability, productivity, product or service delivery and market leadership. These managers and coordinators may work in a range of industry or other contexts and may have responsibility for managing people, systems or processes.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1 Identify the organisation’s intellectual property assets and rights
  • 1.1 Identify the intangible assets residing within the organisation and how they can be protected
  • 1.2 Identify the sections of the organisation in which intellectual property is created, procured or transferred and for which management is required
  • 1.3 Research intellectual property rights appropriate to the organisation according to legislative requirements
  • 1.4 Identify and access sources of information and advice for protection of the organisation’s intellectual property
  • 1.5 Conduct a cost-benefit analysis of protecting intellectual property and determine risks
  • 1.6 Identify and use appropriate intellectual property professionals to initiate processes to protect intellectual property, according to the type of intellectual property protection required
2 Create a strategy to manage the organisation’s intellectual property
  • 2.1 Review or create an organisational strategy and review or develop policies and procedures for protection, management and use of intellectual property as part of the organisation’s business strategy
  • 2.2 Plan and implement an intellectual property audit and establish or review the value and use of the organisation’s intangible assets inventory
  • 2.3 Plan and make recommendations for implementation of a strategy for business growth through use of organisation’s intellectual property
  • 2.4 Plan and implement strategies to ensure employees, partners and contractors protect the organisation’s and others’ intangible assets
  • 2.5 Establish or review procedures to securely record and store documentation related to the organisation’s intangible assets
3 Monitor and maintain organisational strategies for the protection and use of intellectual property
  • 3.1 Regularly monitor and review strategies, policies and procedures for the identification, protection and use of intellectual property to ensure they are working effectively and make changes if required
  • 3.2 Manage the identification of potential infringement of organisation’s intellectual property rights and ensure appropriate action is taken
  • 3.3 Promote a culture of compliance and respect for the intellectual property rights other organisations and individuals
4 Manage the commercialisation of the organisation’s intellectual property to ensure business growth
  • 4.1 Research the role intellectual property will play in the strategic plans of the organisation
  • 4.2 Contribute to the implementation of the commercialisation of the organisation’s intellectual property
  • 4.3 Manage the review of the activities of existing or potential competitors and assess their impact on the organisation’s intangible assets
  • 4.4 Access and effectively use others’ intellectual property within legal guidelines for business advantage
No information
No information
Replaces
State Code National Code Title Type
D2786 BSBIPR501A Manage intellectual property to protect and grow business Unit of competency
Replaced By
State Code National Code Title Type
OCE80 BSBESB406 Establish operational strategies and procedures for new business ventures Unit of competency