The Methodologies for Assessing Patent Value: A Systematic Literature Review

Abstract

Patents play a strategic role in many business fields, with most involving sales, licensing decisions, or internal management. These decisions have become increasingly strategic as these intangible assets are now recognized as crucial for company performance and value operating in an increasingly globalized and competitive market. Patent management can benefit from insights gained through patent evaluation. This study examines the evolution of managerial literature on patent value and reviews the most important methodologies applicable to patent evaluation, developed through a comprehensive literature review on the subject. The focus is specifically on frameworks applicable at the corporate level, especially in companies without dedicated Intellectual Property (IP) departments and where Research and Development (R&D) assets are not managed strategically. An original systematization of current methodologies is provided, along with managerial implications and suggestions for future research directions