505: How Do You Keep the IP within the Business? - Ask Denis

Published: Sept. 22, 2023, 8 a.m.

What happens when key personnel leave? How can leaders ensure their people are heard, valued, and part of the team? What processes and systems need to be in place to ensure that intellectual property is not lost? 

We explore these questions and more on this episode of Ask Denis. We discuss the importance of having standard operating procedures (SOPs) and processes in place to document information, store it in a repository, and retain IP even when people leave. We also look at ways to brainstorm and create processes for any type of organization \u2013 from large corporations to small businesses. 


Tune in for an invaluable discussion on how to keep intellectual property within a business!


In this episode:


  • Discover how you can keep IP (Intellectual Property) in your business
  • Explore different methods for documenting systems and processes
  • The reason why investing in people is essential for your team and business


Main takeaways:


  • As a leader, ensure you are conducting one-on-one sessions with individuals to understand their current states and positions and subsequently assign them tasks, initiatives, and projects that will challenge and encourage their growth
  • Managing people is essential, but processes and systems are also important
  • Anyone successful in life and business has standard operating procedures (SOPs) in place
  • Documenting processes and systems is vital to retaining IP within the business
  • Ensure you care for your team members by regularly meeting with them, fostering their involvement and collaboration, and encouraging them to share their knowledge with others



Quotes:


\u201cMake sure you're not being caught out by people leaving your organization with the IP of your business.\u201d - Denis Gianoutsos


\u201cOrganizations and leaders that are great are the ones that actually have in place standard operating procedures (SOPs)\u201d - Denis Gianoutsos



Connect with Denis: 


Email: denis@leadingchangepartners.com

Website: http://www.leadingchangepartners.com/

Leadership Is Changing Facebook Group: https://www.facebook.com/groups/LeadershipIsChanging/

Leadership is Changing LinkedIn Page: https://www.linkedin.com/company/leadership-is-changing-podcast/