From this analysis, various action points come to the fore. Firstly, there is need to research further into the different kinds of IP that are available. This will ascertain what they entail and the legal protections that surround them. There is a need to define the innovative ventures that the business will be involved in. It is crucial to analyze how they fit in with the general business plan. Additionally, there is a need to create a framework for the management of IP within the organization. This framework should define the methods that the business will pursue the creation of IP.