Research on technology selection for enterprises with tools of patent analysis

This paper sets out to explore patent analysis as a tool for the technology selection of enterprises. Technology selection is the first, as well as the most important stage of the process of innovation of enterprises. The process of enterprise technology innovation includes technology selection, research and development, manufacturing and commercialization. For the stage of technology selection as a specific period of enterprise technology innovation needs to implement different analyzing methods with patent data. Within the methods part of this paper, patent analysis for chronological, terrain, trend, hot spots and cold spots are all discussed. Based on the analysis for mechanism of patent formation during the process of enterprise technology innovation, this paper demonstrated our research on the patent analysis outline for the procedure of technology selection of enterprise technology innovation. Technology characteristics of the stage of technology selection are also discussed.