Unit of competency details

BSBIPR501 - Manage intellectual property to protect and grow business (Release 1)

Summary

Releases:
ReleaseStatusRelease date
1 1 (this release)Current 25/Mar/2015

Usage recommendation:
Current
Mapping:
MappingNotesDate
Supersedes and is equivalent to BSBIPR501A - Manage intellectual property to protect and grow businessUpdated to meet Standards for Training Packages Minor edits to clarify the intent of Performance Criteria 24/Mar/2015


Training packages that include this unit

Qualifications that include this unit

CodeTitleSort Table listing Qualifications that include this unit by the Title columnRelease
CUA60715 - Advanced Diploma of Visual ArtsAdvanced Diploma of Visual Arts 
CUA60515 - Advanced Diploma of Music IndustryAdvanced Diploma of Music Industry 
CUA60315 - Advanced Diploma of Graphic DesignAdvanced Diploma of Graphic Design 
CUA60213 - Advanced Diploma of Live Production and Management ServicesAdvanced Diploma of Live Production and Management Services 2-3 
CUA51215 - Diploma of CeramicsDiploma of Ceramics 
CUA51115 - Diploma of Visual ArtsDiploma of Visual Arts 
CUA50615 - Diploma of Aboriginal and Torres Strait Islander Visual Arts Industry WorkDiploma of Aboriginal and Torres Strait Islander Visual Arts Industry Work 
CUA50513 - Diploma of Live Production DesignDiploma of Live Production Design 2-3 
CUA50415 - Diploma of Live Production and Technical ServicesDiploma of Live Production and Technical Services 1-2 
BSB52415 - Diploma of Marketing and CommunicationDiploma of Marketing and Communication 
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Classifications

SchemeCodeClassification value
ASCED Module/Unit of Competency Field of Education Identifier 080315 Project Management  

Classification history

SchemeCodeClassification valueStart dateEnd date
ASCED Module/Unit of Competency Field of Education Identifier 080315 Project Management  30/Jul/2015 
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Unit Of competency

Modification History

Release 

Comments 

Release 1

This version first released with BSB Business Services Training Package Version 1.0.

Application

This unit describes the performance outcomes, skills and knowledge required to protect, secure and effectively use intangible assets of value to an organisation. It focuses on establishing and maintaining systems to protect and exploit an organisation’s intellectual property to ensure business growth.

It applies to managers or coordinators who take an active role in recognising, securing and commercialising intangible assets which contribute to the organisation’s profitability, productivity, product or service delivery and market leadership. These managers and coordinators may work in a range of industry or other contexts and may have responsibility for managing people, systems or processes.

No licensing, legislative or certification requirements apply to this unit at the time of publication.

Unit Sector

Regulation, Licensing and Risk – Intellectual Property

Elements and Performance Criteria

ELEMENT 

PERFORMANCE CRITERIA 

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1 Identify the organisation’s intellectual property assets and rights

1.1 Identify the intangible assets residing within the organisation and how they can be protected

1.2 Identify the sections of the organisation in which intellectual property is created, procured or transferred and for which management is required

1.3 Research intellectual property rights appropriate to the organisation according to legislative requirements

1.4 Identify and access sources of information and advice for protection of the organisation’s intellectual property

1.5 Conduct a cost-benefit analysis of protecting intellectual property and determine risks

1.6 Identify and use appropriate intellectual property professionals to initiate processes to protect intellectual property, according to the type of intellectual property protection required

2 Create a strategy to manage the organisation’s intellectual property

2.1 Review or create an organisational strategy and review or develop policies and procedures for protection, management and use of intellectual property as part of the organisation’s business strategy

2.2 Plan and implement an intellectual property audit and establish or review the value and use of the organisation’s intangible assets inventory

2.3 Plan and make recommendations for implementation of a strategy for business growth through use of organisation’s intellectual property

2.4 Plan and implement strategies to ensure employees, partners and contractors protect the organisation’s and others’ intangible assets

2.5 Establish or review procedures to securely record and store documentation related to the organisation’s intangible assets

3 Monitor and maintain organisational strategies for the protection and use of intellectual property

3.1 Regularly monitor and review strategies, policies and procedures for the identification, protection and use of intellectual property to ensure they are working effectively and make changes if required

3.2 Manage the identification of potential infringement of organisation’s intellectual property rights and ensure appropriate action is taken

3.3 Promote a culture of compliance and respect for the intellectual property rights other organisations and individuals

4 Manage the commercialisation of the organisation’s intellectual property to ensure business growth

4.1 Research the role intellectual property will play in the strategic plans of the organisation

4.2 Contribute to the implementation of the commercialisation of the organisation’s intellectual property

4.3 Manage the review of the activities of existing or potential competitors and assess their impact on the organisation’s intangible assets

4.4 Access and effectively use others’ intellectual property within legal guidelines for business advantage

Foundation Skills

This section describes language, literacy, numeracy and employment skills incorporated in the performance criteria that are required for competent performance.

Skill 

Performance 

Criteria 

Description 

Reading

1.1-1.5, 2.1-2.5, 3.1-3.2, 4.1, 4.3, 4.4

  • Identifies and analyses complex texts to determine legislative, regulatory and business requirements
  • Reviews, evaluates, interprets and applies content from a range of sources to aid in managing intellectual property

Writing

1.1-1.5, 2.1-2.5, 3.1-3.2, 4.1, 4.3

  • Records and summarises information in accordance with organisational or regulatory requirements
  • Composes and edits texts, selecting appropriate vocabulary, structure and format for audience and purpose
  • Prepares correspondence and documentation according to organisational formats and protocols

Oral Communication

1.4, 1.6

  • Explains issues and requirements clearly and obtains information from others by listening and questioning

Numeracy

1.5, 2.2

  • Analyses numerical information to measure costs versus benefits
  • Estimates, calculates and records value of assets

Navigate the world of work

1.3, 2.1, 2.4, 2.5, 3.1, 4.1, 4.4

  • Modifies or develops strategies, policies and procedures to comply with legislative requirements and organisation goals
  • Understands and applies knowledge of legislative and regulatory requirements in the conduct of own work

Interact with others

1.4, 1.6, 3.3, 4.2, 4.3

  • Selects and uses appropriate communication practices and conventions for the purpose and audience
  • Collaborates with others to achieve joint outcomes

Get the work done

1.1-1.5, 2.1-2.5, 3.1, 3.2, 4.1-4.4

  • Takes responsibility for planning, organising, implementing and reviewing systems and processes that could have legal implications
  • Systematically gathers and analyses relevant information and evaluates options to make decisions about intellectual property compliance issues
  • Uses a range of digital technologies to access, analyse, organise, present and share information

Unit Mapping Information

Code and title  

current version 

Code and title 

previous version 

Comments 

Equivalence status 

BSBIPR501 Manage intellectual property to protect and grow business

BSBIPR501A Manage intellectual property to protect and grow business

Updated to meet Standards for Training Packages

Minor edits to clarify the intent of Performance Criteria

Equivalent unit

Links

Companion Volume implementation guides are found in VETNet - https://vetnet.education.gov.au/Pages/TrainingDocs.aspx?q=11ef6853-ceed-4ba7-9d87-4da407e23c10

 

Assessment requirements

Modification History

Release 

Comments 

Release 1

This version first released with BSB Business Services Training Package Version 1.0.

Performance Evidence

Evidence of the ability to:

  • identify and analyse information and advice from a range of sources to determine
  • legislation, regulations and organisational policies and procedures relevant to intellectual property (IP)
  • organisation’s assets, their value and where they are created or procured
  • IP from other people or organisations that is used by the business
  • organisation’s IP rights and options for protection
  • costs, benefits and risks of protecting IP
  • potential for business growth through organisation’s IP
  • review or develop organisational strategy, policies and procedures for protection, management and use of IP including
  • recordkeeping
  • ensuring employees, partners and contractors protect IP
  • identifying and responding to infringements
  • promoting a culture of compliance and respect for the intellectual property rights
  • review and evaluate strategies, policies and procedures for IP and make adjustments and improvements as appropriate
  • manage and contribute to the development and implementation of commercialisation of organisation’s IP.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

Knowledge Evidence

To complete the unit requirements safely and effectively, the individual must:

  • describe types of intellectual property as they relate to the organisation
  • explain processes for identifying and valuing the organisation’s IP
  • give examples of options for commercialisation of IP
  • outline typical barriers to implementing policy and procedures to manage IP and possible strategies to address them
  • identify relevant legislation and regulations relating to the organisation’s intellectual property rights and responsibilities
  • outline internal and external sources of information and advice relevant to intellectual property.

Assessment Conditions

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the regulation, licensing and risk – intellectual property field of work and include access to:

  • relevant legislation, standards and codes
  • workplace documentation and resources
  • case studies and, where possible, real situations
  • interaction with others.

Assessors must satisfy NVR/AQTF assessor requirements.

Links

Companion Volume implementation guides are found in VETNet - https://vetnet.education.gov.au/Pages/TrainingDocs.aspx?q=11ef6853-ceed-4ba7-9d87-4da407e23c10

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