TY - JOUR T1 - A Citation-Based Patent Evaluation Framework to Reveal Hidden Value and Enable Strategic Business Decisions JF - Technology Innovation Management Review Y1 - 2014 A1 - Derek Smith KW - citation-based patent evaluation KW - intellectual property KW - literature review KW - patent KW - patent citations KW - patent evaluation KW - patent value KW - prior art citation AB - Patent evaluation methodologies enable firms to make informed strategic business decisions by associating and revealing hidden information surrounding a patent. However, the value of a patent depends on a firm's capabilities and strategic direction; therefore, a patent evaluation requires the information to be properly related and aligned with a particular business consideration. This article reviews the literature on citation-based patent evaluation methodologies and develops a framework to help managers and entrepreneurs identify strategic groups of business considerations. The framework shows how categories of information can be interrelated to different strategic groups of business considerations, thereby providing a competitive advantage to the evaluating firm. The article includes recommendations for managers and entrepreneurs to help them make citation-based patent evaluation an ongoing business practice to enable strategic decision making. PB - Talent First Network CY - Ottawa VL - 4 UR - http://timreview.ca/article/799 IS - 6 U1 - Carleton University Derek Smith is the founder and principal of Magneto Innovention Management, an intellectual property consulting firm that assists entrepreneurs and small businesses with difficult intellectual property issues. He is a registered patent agent in both Canada and the United States, and he has over 20 years of experience working as an intellectual property management consultant and patent agent for IBM Canada, Bell Canada, and Husky Injection Molding Systems where he was Director of Global Intellectual Property. Prior to entering the field of intellectual property, he was an advisory engineer at IBM Canada where he was involved in a variety of leading-edge software development projects. Derek holds an MASc degree in Technology Innovation Management from Carleton University in Ottawa, Canada , for which he was awarded a Senate Medal for Outstanding Academic Achievement. Derek also holds a BEng degree in Systems and Computer Engineering, also from Carleton University. ER -