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ARTICLE · 18 DECEMBER 2011

IP: the ultimate sustainability tool

Intellectual property can protect sources of competitive advantage and turn them into sustainable competitive advantage.

New ZealandIntellectual Property

In my experience of introducing sustainability principles into our firm, people often focus on the environmental aspects of sustainability and forget two critical pillars: maintaining sustainable profits and positively impacting people - including staff and the wider community.

If your business can't sustain its profits long term it will ultimately fail, having a negative effect on your community and removing any opportunity to impact positively on staff and the environment.

Intellectual property1 can protect various sources of competitive advantage. Used properly, it can turn competitive advantage into sustainable competitive advantage and will help maintain long term profitability.

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