Why Thai SMEs do not register for IPRS?: A cost-benefit comparison and public policies.

Abstract

Intellectual property (IP) refers to an intellectual creation of human beings which are manifested in any form or manner. Intellectual property right is the rights to reap economic benefits from inventions, technologies,products and services constructed based on a producer’s intellect and ability. Nevertheless, the Thai business sector, especially small and medium enterprises (SMEs) usually lack the understanding of how intellectual property constitutes competitive advantage. It has been found that SMEs are threatened to lose their stand in the international trade platform. As witnessed, a large number of Thai SMEs do not apply for intellectual property protection. In order to clarify why the Thai SME do not register intellectual property, our analysis is categorized by cost and benefit. Based on the findings, policy recommendation proposed here will touch upon strategic management of intellectual property, how to drive performance at a policy level, and the role of other agencies relevant to SME intellectual property.