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

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 – 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 businessExplore different methods for documenting systems and processesThe reason why investing in people is essential for your team and businessMain 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 growthManaging people is essential, but processes and systems are also importantAnyone successful in life and business has standard operating procedures (SOPs) in placeDocumenting processes and systems is vital to retaining IP within the businessEnsure you care for your team members by regularly meeting with them, fostering their involvement and collaboration, and encouraging them to share their knowledge with othersQuotes:“Make sure you're not being caught out by people leaving your organization with the IP of your business.” - Denis Gianoutsos“Organizations and leaders that are great are the ones that actually have in place standard operating procedures (SOPs)” - Denis GianoutsosConnect with Denis: Email: denis@leadingchangepartners.comWebsite: 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/