Relation of intellectual property management to firm performance in the textile and garment industry in Vietnam
Main Article Content
Abstract
In this knowledge-based era, intellectual property management (IPM) plays an important role in companies’ strategic decision-making process and contributes to firm performance. Textile and garment is one of the most crucial industries in Vietnam’s economy. Firms in this industry are, however, trapped in the lowest part of the U-shape international value chain, which creates small added value. One of the reasons for this stagnancy is the low capability of IPM. How does intellectual property management affect firm performance in Vietnam’s textile and garment industry? To address this question, we study three Vietnamese companies in the industry. We used the AIDA behavioural maturity model adopted from Kjaer (2009) to analyze the position of intellectual property management in those companies. We then provided some directions for Vietnam’s companies in the textile and garment industry.
Article Details
Keywords
Intellectual Property Management, firm performance, textile and garment industry, Vietnam
References
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41. Reitzig, M. (2004). Strategic Management of Intellectual Property. MIT Sloan Management Review, 45 (3), 35-40.
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43. Santos, J., & Brito, L. (2012). Toward a Subjective Measurement Model for Firm Performance. BAR, 9 (Special), 95-117.
44. Selvam, M., Gayathri, J., Vasanth, V., Lingaraja, K., & Marxiaoli, S. (2016). Determinant of Firm performance: A subjective model. International Journal of Social Science Studies, 4 (7), 90-100.
45. Snow, C., & Hrebiniak, L. (1980). Strategy, distinctive competence, and organizational performance. Administrative Science Quarterly, 25 (2), 317-336.
46. Spruson, D., & Ferguson, N. (2007). Intellectual property management: a practical guide for electrical and electronics related industries. Australian Government Initiative .
47. Sukarmijan, S., & Sapong, O. (2014). The importance of intellectual property for SME: Challenges and moving forward. International Agribusiness Marketing Conference 2013, pp. 74-81.
48. Tangen, S. (2005). Demystifying productivity and performance. International Journal of Productivity and Performance Management, 54 (1), 34-46.
49. Venkatraman, N., & Ramanujam, V. (1986). Measurement of business performance in strategy research: A comparison of approaches. Academy of Management Review, 11, 801-8014.
50. Waggoner, D. (1999). The forces that shape organizational performance measurement systems. An interdisciplinary review. Int. J. Production Economics, 60-61, 53-60.
51. Wajsman, N., Kazimierczak, M., & Burgos, C. (2015, June). Intellectual property rights and firm performance in Europe: an economic analysis. Firm-Level Analysis Report .
52. WIPO 896. IP Asset Development and Management: A Key Strategy for Economic GrowthPublishing. IP asset management series. (896).
53. WIPO Magazine. (2005). A stitch in time: Smart use of Intellectual Property by Textile companies. (974).
54. WIPO Magazine. (2005, July-August). Intellectual Property, Innovation and New Product Development.
2. Bainbridge, D., & Howell, C. (2014). Intellectual Property Asset Management - How to identify, protect, manage and exploit intellectual property within the business environment. NewYork: Routledge.
3. Bloomberg - FPTS. (2018). Textile and apparel industry report 2017.
4. Bollen, L., Vergauwen, P., & Schnieders, S. (2005). Linking intellectual capital and intellectual property to company performance. Management Decision, 43, 11611185.
5. Bontis, N. (1998). Intellectual capital: an exploratory study that develops measures and models. Management Decision, 36 (2), 63-76.
6. Brant, J., & Lohse, S. (2013). Enhancing intellectual property management and appropriation by innovative SMEs. ICC innovation and intellectual property series.
7. Cela, M., & Cela, L. (2013). Intellectual Property Management and Strategy in Business. Mediterranean Journal of Social Sciences MCSER Publishing, 4, 445450.
8. Chen, C., Chen, Y., & Hsu, P. (2016). Be Nice to Your Innovators: Employee Treatment and Corporate Innovation Performance. Journal of Corporate Finance, 39, 78-98.
9. Chesbrough, H. (2006). Open Business Models: How to thrive in the new innovation landscape. Harvard Business School Press .
10. Combs, J., Crook, T., & Shook, C. (2005). The dimension of organizational performance and its implications for strategic management research. Research Methodology in Strategy and Management, 2, 259-286.
11. Connolly, T., Deutsch, S, S., & Conlon, E. (1980). Organizational Effectiveness: A Multiple-Constituency Approach, The Academy of Management Review. 5, 211217.
12. Delen, D., Kuzey, C., & Uyar, A. (2013). Measuring firm performance using financial ratios: A decision tree approach. 40, 3970-3983.
13. Demirbag, M., Tatoglu, E., Tekinkus, M., & Zaim, S. (2006). An analysis of the relationship between TQM implementation and organizational performance: evidence from Turkish SMEs. Journal of Manufacturing Technology Management, 17, 829-847.
14. Dickson, K., & Coles, A. (1998). Design protection and copyright issues for small textile firms. Design studies, 19, 203-215.
15. Fisher, W., & Oberholzer-Gee, F. (2013). Strategic Management of Intellectual Property: An Integrated Approach. California Management review, 55 (4), 157183.
16. Frieseke, S., Jamali, N., Bader, M., & Ziegler, N. (2009). SME-IP 3rd Report: Case Studies on SMEs and Intellectual Property in Switzerland. Swiss Federal Institute of Intellectual Property (6).
17. Frumkin, S., Bradley, S., & Weiss, M. (2012). Practical aspects of innovation in the textile industry. Woodhead Publishing Limited, 22-33.
18. Garate, G., & Momaya, K. (2018). Intellectual property management system: Develop and self-assess using IPM model. World Patent Information, 52, 29-41.
19. Gibb, Y., & Blili, S. (2012). Small Business and Intellectual Asset Governance: An Integrated Analytical Framework. GSTF Journal on Business Review (GBR), 2 (2), 252-259.
20. Goldrian, H. (1993). The management and exploitation of intellectual property rights by small and medium sized industries. Lecture to WIPO ACADEMY .
21. Grindley, P., & Teece, D. (1997). Managing intellectual capital: Licensing and Cross-licensing in Semiconductors and Electronics. California Management Review, 39 (2), 8-41.
22. Harrison, S., & Sullivan, P. (2011). Edison in the Boardroom Revisited: How Leading Companies Realize Value from Their Intellectual Property. John Wiley & Sons.
23. Harter, J., Schmidt, F., & Hayes, T. (2002). Business-Unit-Level Relationship Between Employee Satisfaction, Employee Engagement, and Business Outcomes: A Meta-Analysis. Journal of Applied Psychology, 87 (2), 268-279.
24. Hitt, M. (1988). The Measuring of Organizational Effectiveness: Multiple Domains and Constituencies. Management International Review, 28 (2), 28-40.
25. House, W., & Benefield, M. (1995). The impact of sales and income growth on profitability and market value measures in actual and simulated industries. Developments In Business Simulation & Experiential Exercises, 22, 56-62.
26. IP4GROWTH. (2013). Enhancing Intellectual Property Capacities for Agricultural Development. FED/2013/320-273. Burkina Faso, Senegal, Spain, United Kingdom (UK).
27. Jain, K., & Sharma, V. (2006). Intellectual property Managament System: An organizational perspective. Journal of Intellectual property rights, 11, 330-333.
28. Jokela, T. (2006). A survey of usability capability maturity models: implications for practice and research. Behaviour & Information Technology, 25 (3), 263-282.
29. Kamiyama, S., Sheehan, J., & Martinez, C. (2006). Valuation and exploitation of intellectual property. STI Working Paper, 5.
30. Kapopoulos, P., & Lazaretou, S. (2006). Corporate ownership structure and firm performance: Evidence from Greek firms. Bank of Greece .
31. Kitching, J., & Blackburn, R. (1998). Intellectual property management in the small and medium enterprise (SME). Journal of Small Business and Enterprise Development, 5 (4), 327-335.
32. Kjaer, K. (2009). Supply and Demand of Intellectual Property Rights Services for Small and Medium-sized Enterprises: A Gap Analysis. The Danish Patent and Trademark Office .
33. Kubis, J. (2011). Intellectual Property Commercialization: Policy option and practical instruments. United Nation publication, 11.II.E.16.
34. Marr, B., & Schiuma, G. (2003). Business Performance Measurement - Past, Present, and Future. Management Decision, 41 (8), 680-687.
35. Miller, C., Washburn, N., & Glick, W. (2013). The Myth of Firm Performance.
Organization Science, 24 (3), 948-964.
36. Moehrle, G., Walter, L., & Wustmans, M. (2017). Designing the 7D patent management maturity model - A capability based approach. World Patent Information 50, 27-33.
37. Neely, A. (2002). Business Performance Measurement: Theory and Practice. Cambridge, UK: Cambridge University Press.
38. Neuhausler, P. (2012). The use of patents and informal appropriation mechanisms— Differences between sectors and among companies. Technovation (32), 681-693.
39. Petit, C. (2011). A new, innovative and marketable IP diagnosis to evaluate, qualify and find insights for the development of SMEs IP practices and use, based on the AIDA approach. World Patent Information, 33, 42-50.
40. Reekum, R., & Kern, S. (2012). The use of patents in Dutch biopharmaceutical SME: a typology for assessing strategic patent management maturity. ), New Technology-based Firms in the New Millennium (Groën A., & Oakey R., van der Sijde P., & Cook G ed.).
41. Reitzig, M. (2004). Strategic Management of Intellectual Property. MIT Sloan Management Review, 45 (3), 35-40.
42. Richard, P., Deviney, T., Yip, G., & Jonhson, G. (2009). Measuring organizational performance: towards methodological best practice. Journal of Management, 5 (3), 718-804.
43. Santos, J., & Brito, L. (2012). Toward a Subjective Measurement Model for Firm Performance. BAR, 9 (Special), 95-117.
44. Selvam, M., Gayathri, J., Vasanth, V., Lingaraja, K., & Marxiaoli, S. (2016). Determinant of Firm performance: A subjective model. International Journal of Social Science Studies, 4 (7), 90-100.
45. Snow, C., & Hrebiniak, L. (1980). Strategy, distinctive competence, and organizational performance. Administrative Science Quarterly, 25 (2), 317-336.
46. Spruson, D., & Ferguson, N. (2007). Intellectual property management: a practical guide for electrical and electronics related industries. Australian Government Initiative .
47. Sukarmijan, S., & Sapong, O. (2014). The importance of intellectual property for SME: Challenges and moving forward. International Agribusiness Marketing Conference 2013, pp. 74-81.
48. Tangen, S. (2005). Demystifying productivity and performance. International Journal of Productivity and Performance Management, 54 (1), 34-46.
49. Venkatraman, N., & Ramanujam, V. (1986). Measurement of business performance in strategy research: A comparison of approaches. Academy of Management Review, 11, 801-8014.
50. Waggoner, D. (1999). The forces that shape organizational performance measurement systems. An interdisciplinary review. Int. J. Production Economics, 60-61, 53-60.
51. Wajsman, N., Kazimierczak, M., & Burgos, C. (2015, June). Intellectual property rights and firm performance in Europe: an economic analysis. Firm-Level Analysis Report .
52. WIPO 896. IP Asset Development and Management: A Key Strategy for Economic GrowthPublishing. IP asset management series. (896).
53. WIPO Magazine. (2005). A stitch in time: Smart use of Intellectual Property by Textile companies. (974).
54. WIPO Magazine. (2005, July-August). Intellectual Property, Innovation and New Product Development.