Title :
iSOPs and Emerging Markets
Author :
Mukundan, Rangaswamy ; Lokesh, V. ; Ravindra Kumar, M.K.
Author_Institution :
Midas Commun. Technol. Pvt. Ltd., Chennai
Abstract :
Organizations face the task of fitting the jig saw of market leadership, technical resources and innovation. Current compensation methodologies followed are primarily cost centric and are not focused on creation of "thinkers" required for an innovative organization. This paper identifies intellectual stock options, iSOPs that are a percentage of the total IPRs held by an organization provided to a knowledge worker who is part of the organization as the best fit methodology which engages the organizational jig saw. With the continuous quest for the growth, iSOPs facilitates in integration of the multi faceted, talented pool of people that a start-up venture has at the launch and makes sure that it continues to have during its growth phase. Irrespective of the size of the organization - i.e. start-up or established, iSOP uplifts the dynamic innovation by creating an outlet for the innovation levels of the knowledge workers (for a start-up) and for quicker identification of disruptive technology (established players), which can be converted into success on all fronts
Keywords :
industrial property; innovation management; knowledge management; organisational aspects; stock markets; best fit methodology; iSOP; innovative organization; intellectual property rights; intellectual stock option; knowledge management; market leadership; Business; Communications technology; Consumer electronics; Contracts; Costs; Finance; Knowledge management; Layout; Surges; Technological innovation;
Conference_Titel :
Management of Innovation and Technology, 2006 IEEE International Conference on
Conference_Location :
Singapore, China
Print_ISBN :
1-4244-0147-X
Electronic_ISBN :
1-4244-0148-8
DOI :
10.1109/ICMIT.2006.262183