What do leaders need to know about intellectual property strategy?

1 – intellectual property can be used as a strategic asset – hopefully this is now pretty universally understood;

2 – if you’re not thinking about IP strategically, you will at the very least pay a large opportunity cost, and at worst, sink the company;

3 – using IP strategically is so much more than managing the organisation’s own IP ‘strategically’ (whatever that means).

What would you add?