OPTIMIZED MANAGEMENT OF INTELLECTUAL CAPITAL
Field of the Disclosure:
The present disclosure relates to optimized management of intellectual capital and more specifically, but not limited to optimized management of intellectual capital of a business organization such a service provider.
Background:
Conventionally, a business organization encourages its members to submit their ideas manually through suggestion boxes, emails or otherwise. Such collection of ideas is adhoc, which results in great losses in revenues and improvements in the organization as ideas with great potential are not implemented. Such conventional systems fall short of providing a cohesive system for reviewing and implementing an innovation submitted by a user.
Any organization should be able to efficiently capture and manage its intellectual capital i.e. the collective knowledge of members of the organization. This shall enable conversion of the intellectual capital into effective assets, gain competitive advantage and value creation for the organization.
Summary:
Embodiments of the present disclosure relate to optimized management of intellectual capital in a business organization such as a service provider. An embodiment of the present disclosure relates to a system for optimized management of intellectual capital comprising knowledge management unit configured to receive and manage intellectual capital from a user, assessment unit coupled to the knowledge management unit configured to classify and evaluate received intellectual capital as per classification and evaluation parameters, initiation unit coupled to the assessment unit configured to initiate a project as per the evaluation of the intellectual capital and allocate resources for the initiated project and a database communicatively coupled to the knowledge management unit, assessment unit and allocation

unit configured to store the classification parameters, evaluation parameters, the intellectual capital and its updates.
According to another embodiment of the present disclosure, the system may further comprise a generation unit coupled to the database configured to generate reports on the received intellectual capital and outcomes of the initiated project . The generation unit may be additionally configured to track status of received intellectual capital for a user.
According to an embodiment of the present disclosure, the intellectual capital may be such as innovation in business establishment, innovation in technical development and innovation in process improvement. The classification parameter may accordingly be such as transformation asset, establishment asset and research asset. The evaluation parameters according to another embodiment may be such as technical feasibility, marketing feasibility and resource capability of the intellectual capital received.
An embodiment of the present disclosure relates to a method for optimized management of intellectual capital comprising receiving and managing intellectual capital from a user, classifying and evaluating received intellectual capital as per classification and evaluation parameters, initiating a project as per evaluation of the intellectual capital, allocating resources for the initiated project and storing classification parameters, evaluation parameters, the intellectual capital and its updates.
According to an embodiment, the method may further comprise generating reports on the received intellectual capital and outcomes of the initiated project and tracking status of received intellectual capital for a user. According to another embodiment of the present disclosure storing classification parameters, evaluation parameters, the intellectual capital and updates comprises storing in a database.

Brief Description of Drawings
The detailed description is described with reference to the accompanying figures. In the figures, the left-most digit(s) of a reference number identifies the figure in which the reference number first appears. The same numbers are used throughout the drawings to reference like features and components.
Figure 1 illustrates a block diagram representation of a system for optimized
management of intellectual capital according to an embodiment of the present disclosure.
Figure 2 illustrates a flow diagram representation of a method for optimized
management of intellectual capital according to an embodiment of the present disclosure.
Figure 3 illustrates a diagrammatic representation of a method for optimized
management of intellectual capital according to an example of an embodiment of the present disclosure.
Detailed Description
The following discussion provides a brief, general description of a suitable computing environment in which various embodiments of the present disclosure can be implemented. The aspects and embodiments are described in the general context of computer executable mechanisms such as routines executed by a general purpose computer e.g. a server or personal computer. The embodiments described herein can be practiced with other system configurations, including Internet appliances, hand held devices, multi-processor systems, microprocessor based or programmable consumer electronics, network PCs, mini computers, mainframe computers and the like. The embodiments can be embodied in a special purpose computer or data processor that is specifically programmed configured or constructed to perform one or more of the computer executable mechanisms explained in detail below.

Exemplary embodiments now will be described with reference to the accompanying drawings. The disclosure may, however, be embodied in many different forms and should not be construed as limited to the embodiments set forth herein; rather, these embodiments are provided so that this disclosure will be thorough and complete, and will fully convey its scope to those skilled in the art. The terminology used in the detailed description of the particular exemplary embodiments illustrated in the accompanying drawings is not intended to be limiting.
Figure 1 illustrates a block diagram representation of a system for optimized management of intellectual capital according to an embodiment of the present disclosure. The system comprises a knowledge management unit 101, an assessment unit 102 coupled to the knowledge management unit 101 and an initiation unit 103 coupled to the assessment unit 102. A database 104 is operatively coupled to the knowledge management unit 101, assessment unit 102 and the initiation unit 103. According to an embodiment of the disclosure, the system may additionally comprise a trend generator 105 coupled to the database 104.
The knowledge management unit 101 is configured to receive and manage intellectual from a user. The assessment unit 102 coupled to the knowledge management unit 101 is configured to classify and evaluate received intellectual capital as per classification and evaluation parameters. The knowledge management unit 101 is configured to update and forward the received intellectual capital to the database 104 for storage.
According to an embodiment of the present disclosure, the intellectual capital received from a user may be such as ideas to bring about innovation in business establishment, innovation in technical development and innovation in process improvement. The intellectual capital may be further classified by the assessment unit using classification parameters such as whether the innovation translates into a transformation asset, establishment asset and/or research asset. The innovation received from the user is then evaluated by the assessment unit 102 using the

evaluation parameters such as technical feasibility of the innovation received, marketing feasibility and the resource capability.
According to an example of the embodiment, the intellectual capital received from the user is classified into a transformation asset such as whether the innovation is a product, solution accelerator, framework, which is going to help the business organization to transform its output completely. Such an innovation may be classified as a transformation asset if it helps a unit of the business organization to transform the business completely. According to another example of the embodiment, the intellectual capital received from the user may be classified into an establishment asset if the innovation bridges the gap in the business organization to get established in the market where peers/ competitors are previously established. According to another example of the embodiment, the intellectual capital received from the user may be classified into a research asset if the innovation offers a solution in an upcoming technology or the innovation needs to be tried out as a prototype/proof of concept to take a decision. Such a decision may be arrived at through focused research. According to an example, an innovation received from the user may be classified as a transformation, research as well as establishment asset together.
After classification, the assessment unit 102 also evaluates the intellectual capital received based on several evaluation parameters such as the technical feasibility, marketing feasibility and resource capability. The technical feasibility of the intellectual capital received may be evaluated on basis of whether it is technically feasible for the business organization to implement the same and whether there is enough engineering capability in the organization to take the innovation ahead. It evaluates if there are updates or replacements required to the current platforms used in the organization. The market feasibility of the received intellectual capital may be determined by considering the revenue that is to be invested in the innovation and the return that it shall ensure. It shall be evaluated on the market potential/size that it offers. The resource capability of the innovation may be determined by considering the resources required for implementation of the innovation. It shall evaluate whether people with

the required skill set are present in the business organization and whether the revenue is presently available for the implementation.
The assessment unit 102 upon classification and evaluation of the innovation received from the user is configured to update and forward the classified and evaluated innovation i.e. the intellectual capital to the database 104 for storage.
The initiation unit 103 coupled to the assessment unit 102 is configured to initiate a project as per the evaluation of the intellectual capital and allocate resources for the initiated project. The project may be initiated after intervention of the unit in the business organization specific to the domain of the innovation suggested by the user. The unit may comprise technical experts, finance manager, marketing and sales personnel and the head of the unit who is empowered to take decision. The unit decides whether the project is approved, rejected or put on hold.
The unit may also take into consideration other factors such as portfolio mix (small, medium and high), strategy and term of returns. The unit then allocates resources such as financial and human resource to the project, once initiated. The human resource allocation may include details of people who shall take responsibility for project execution and business realization of the innovation. Further, if the approved innovation -does not align itself with a particular unit of the organization, it may be aligned with another unit of the organization to follow the similar process of assessment, evaluation and initiation. The allocation of the resources by the initiation unit 103 and the updates are forwarded to the database 104 for storage. The initiation unit 103 may be additionally configured to ensure quality compliance of the project/product development life cycle according to the approved innovation.
According to another embodiment of the present disclosure, an innovation which is rejected by the initiation unit 103 is re evaluated periodically to check the applicability of the innovation at that time. Additionally, the initiation unit 103 may be configured to assign SLA numbers for each received innovation. The unit, which has to take a decision regarding the innovations received, receives periodic reminders in accordance with the SLA numbers allotted.

According to an embodiment of the present disclosure, the assessment unit 102 is further configured to assess the project initiated based on the approved innovation during its course of implementation. The assessment unit 102 may be configured to assess the project at three levels of project assessment, program assessment and goals/portfolio assessment.
According to an example of the embodiment, the project assessment is performed periodically and may focus on the schedule/efforts deviation, technical challenges faced and the developmental constraints.
According to the example, the program assessment is performed periodically and may focus on business perspectives such as investment, revenue and reevaluation of the initiated project for market changes. The program assessment may be performed by a unit of the organization comprising technical and middle management team along with sales/marketing and finance groups. Based on the program assessment, decisions regarding continuing/calling off/ retiring is taken by the unit.
According to the example, the goals/portfolio assessment is based on the performance of the goals of the initiated project with respect to the organization goals and plan vs. actual. Apart from this, portfolio reviews are focused to check the mix of the initiatives. This ensures short, medium and long term business revenues of assets.
According to an embodiment, the trend generator 105 coupled to the database 104 assesses the information and updates stored in the database 104 to generate reports on trends of the intellectual capital forwarded by a user. The report may comprehensively provide a trend on the technology in which the intellectual capital is submitted and the areas of business organization in respect of which the intellectual capital is submitted. The trend generator 105 may be configured to provide the status of received intellectual capital to a user on request thereby making it easier to track the status of submitted innovation. Additionally, the trend

generator 105 may be configured to provide alerts to the initiative manager regarding status of the initiated project periodically. The status may include details such as reviews conducted, effective usage of organizational project management tools, marketing collateral prepared and uploaded, business case revision required, if the implementation plan of the initiated project changes.
According to another embodiment of the present disclosure, the system further comprises an Intellectual Property (IP) evaluation unit coupled to the knowledge management unit 101. The IP evaluation unit is configured to evaluate the intellectual capital received and identify if the same is valid to be protected as IP of the business organization. The intellectual capital received may be protected as a patent, a trademark, a copyright and/or design depending on the evaluation. The IP evaluation unit may be additionally configured to perform prior art searches and analyze the intellectual capital received against relevant prior art in order to take a decision regarding IP protection.
Embodiments of the method of optimized management of intellectual capital according to the present disclosure are described in Figures 2 and 3. The methods are illustrated as a collection of blocks in a logical flow graph, which represents a sequence of operations that can be implemented in hardware, software, or a combination thereof. The order in which the process is described is not intended to be construed as a limitation, and any number of the described blocks can be combined in any order to implement the process, or an alternate process.
Figure 2 illustrates a method of optimized management of intellectual capital according to an embodiment of the present disclosure. The method comprises receiving and managing intellectual capital from a user 201, classifying and evaluating received intellectual capital as per classification and evaluation parameters 202, initiating a project as per evaluation of the intellectual 203 and allocating resources for the initiated project as per evaluation of the intellectual capital 204. The method also comprises storing classification parameters, evaluation parameters, the intellectual capital and its updates 205 as per the course of initation and implementation followed.

According to an embodiment of the present disclosure, the method further comprises generating reports on the received intellectual capital and outcomes of the initiated project and tracking status of received intellectual capital for a user. The intellectual capital may be similar to as described in embodiments of Figure 1 such as innovation in business establishment, innovation in technical development and innovation in process improvement.
The classification parameters may be similar to the embodiments of figure 1 such as transformation asset, establishment asset and research asset. The evaluation parameters may be such as technical feasibility, marketing feasibility and resource capability.
Figure 3 illustrates an example of the method of optimized management of intellectual capital according to an embodiment of the present disclosure. The method comprises idea submission
301 by any member of the business organization. The idea is then validated/assessed at Gate 1
302 wherein the assessment is performed with respect to parameters such as duplicate idea, infringement by the idea, business alignment of the idea. If the idea is validated the decision on tracks of the idea is taken 303, else the idea is rejected and referred back 304.
According to the example, the decision on the tracks 303 is taken based on parameters such as deep capability, visible revenue streams, address specific business problem, detailed market and competitor analysis and existing service business offering. If the decision is validated on all parameters 305 then the idea is forwarded to the IP (Intellectual Property) program 306. However, the decision is not sure for one or more parameters 307, then the idea is forwarded to research program of the organization 308. Based on the evaluation during the research program, pointed research 309 is carried out, which shall work to strengthen weak parameters of the idea 310, which upon strengthening is forwarded to the IP program 306. Additionally, rejected ideas 304 may be reviewed periodically 315 and recommended for Gate2 303. Further, if the decision is not sure specifically for parameter "existing service business offering" as per the example of the embodiment, then the organization works on enhancing the capability of the organization 313 to handle such an idea.

Additionally, during strengthening of the weak parameters, a new business service line may be identified 314, which is then evaluated in to order enhance the capability of the organization 313 accordingly.
Rewards and recognitions are essential for motivating employees to participate in innovation drive to increase the intellectual capital of the business organization. Therefore, based on outputs of the system and method as per embodiments of the present disclosure, employees submitting the ideas are rewarded and their inputs are recognized by the organization. An organization may be equipped to create awareness of the optimized management of intellectual capital as per embodiments of the present disclosure by using webinars, local intranet facility and newsletters.
As will be appreciated by one of skill in the art, the present invention may be embodied as a method, system, or computer program product. Accordingly, the present invention may take the form of an entirely hardware embodiment, a software embodiment or an embodiment combining software and hardware aspects all generally referred to herein as a "circuit" or "module." Furthermore, the present invention may take the form of a computer program product on a computer-usable storage medium having computer-usable program code embodied in the medium.
Furthermore, the present invention was described in part above with reference to flowchart illustrations and/or block diagrams of methods, apparatus (systems), and computer program products according to embodiments of the invention.
It will be understood that each block of the flowchart illustrations and/or block diagrams, and combinations of blocks in the flowchart illustrations and/or block diagrams, can be implemented by computer program instructions. These computer program instructions may be provided to a processor of a general purpose computer, special purpose computer, or other programmable data processing apparatus to produce a machine, such that the instructions,

which execute via the processor of the computer or other programmable data processing apparatus, create means for implementing the functions/acts specified in the flowchart and/or block diagram block or blocks.
These computer program instructions may also be stored in a computer- readable memory that can direct a computer or other programmable data processing apparatus to function in a particular manner, such that the instructions stored in the computer-readable memory produce an article of manufacture including instruction means which implement the function/act specified in the flowchart and/or block diagram block or blocks.
The computer program instructions may also be loaded onto a computer or other programmable data processing apparatus like a scanner/check scanner to cause a series of operational steps to be performed on the computer or other programmable apparatus to produce a computer implemented process such that the instructions which execute on the computer or other programmable apparatus provide steps for implementing the functions/acts specified in the flowchart and/or block diagram block or blocks.
The flowchart and schematic diagrams of Figures 1-3 illustrate the architecture, functionality, and operations of some embodiments of methods, systems, and computer program products of optimized management of intellectual capital. In this regard, each block may represent a module, segment, or portion of code, which comprises one or more executable instructions for implementing the specified logical function(s). It should also be noted that in other implementations, the function(s) noted in the blocks may occur out of the order noted in the figures. For example, two blocks shown in succession may, in fact, be executed substantially concurrently or the blocks may sometimes be executed in the reverse order, depending on the functionality involved.
In the drawings and specification, there have been disclosed exemplary embodiments of the invention. Although specific terms are employed, they are used in a generic and descriptive

sense only and not for purposes of limitation, the scope of the invention being defined by the following claims.

We claim: -
1. A system for optimized management of intellectual capital comprising: -
a. knowledge management unit configured to receive and manage intellectual
capital from a user;
b. assessment unit coupled to the knowledge management unit configured to
classify and evaluate received intellectual capital as per classification and
evaluation parameters;
c. initiation unit coupled to the assessment unit configured to initiate a project as
per the evaluation of the intellectual capital and allocate resources for the
initiated project; and
d. a database communicatively coupled to the knowledge management unit,
assessment unit and allocation unit configured to store the classification
parameters, evaluation parameters, the intellectual capital and its updates.
2. A system as claimed in claim 1 further comprising a generation unit coupled to the database configured to generate reports on the received intellectual capital and outcomes of the initiated project.
3. A system as claimed in claim 2 wherein the generation unit is further configured to track status of received intellectual capital for a user.
4. A system as claimed in claim 1 wherein the intellectual capital is such as innovation in business establishment, innovation in technical development and innovation in process improvement.
5. A system as claimed in claim 1 wherein classification parameters are such as transformation asset, establishment asset and research asset.

6. A system as claimed in claim 1 wherein evaluation parameters are such as technical feasibility, marketing feasibility and resource capability of the intellectual capital received.
7. A method for optimized management of intellectual capital comprising: -
a. receiving and managing intellectual capital from a user;
b. classifying and evaluating received intellectual capital as per classification and
evaluation parameters;
c. initiating a project as per evaluation of the intellectual capital;
d. allocating resources for the initiated project; and
e. storing classification parameters, evaluation parameters, the intellectual capital
and its updates.
8. A method as claimed in claim 7 wherein the method further comprises generating reports on the received intellectual capital and outcomes of the initiated project and tracking status of received intellectual capital for a user.
9. A method as claimed in claim 7 wherein the intellectual capital is such as innovation in business establishment, innovation in technical development and innovation in process improvement.
10. A method as claimed in claim 7 wherein classification parameters are such as transformation asset, establishment asset and research asset.
11. A method as claimed in claim 7 wherein evaluation parameters are such as technical feasibility, marketing feasibility and resource capability.

12. A method as claimed in claim 7 wherein parameters, the intellectual capital and its
Dated this 11th day of March 2011

storing classification parameters, evaluation updates comprises storing in a database.
Of Anand And Anand Advocates Agents for the Applicants