All of the following illustrate potential shortcomings of using patents to promote innovation, except: Select the correct answer below: Patents may sometimes cover too much or be granted too easily. In fast-moving, high-technology industries, patents may be irrelevant by the time they're approved due to changing technology. Not every new idea can be protected with a patent or a copyright. Patents don't allow for the inventor to earn a good return on an invention.

All of the following illustrate potential shortcomings of using patents to promote innovation, except: Select the correct answer below: Patents may sometimes cover too much or be granted too easily. In fast-moving, high-technology industries, patents may be irrelevant by the time they're approved due to changing technology. Not every new idea can be protected with a patent or a copyright. Patents don't allow for the inventor to earn a good return on an invention.

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Similar questions

Imagine running a large city travel business. Despite many commercial customers, growth has stagnated. You think technology can help you. Does your company have a strength, weakness, vulnerability, opportunity, and threat?
Choose three major inventions that have led to successful products. Who were the inventors? How did they invent the technology? Why do you believe they were the first to invent this technology?
Describe a historical situation where a failure to assess and correctly interpret the external environment resulted in a business' failure. What elements of the external environment were missed? How might the company have corrected this oversight? Cite any sources used to support your answer.
Critical Thinking Patent trolling is the practice of ac- quiring patents with the sole purpose of making mon- ey off of them either by suing those who infringe on the patent or by licensing the patent. What do you think of the practice of patent trolling? What effect does patent trolling have on product innovation?
The most common form of innovation is incremental; however, some innovations are more disruptive and turn the industry upside-down. True or False?
What are some dangers of mixing commercial interests with scientific research? How can we minimize those dangers?
You have been asked to teach the employees of a small start-up business how new ideas may be converted into viable business opportunities. In this activity, you will conduct your own preliminary research into ways in which new business ideas can be turned into opportunities. The differences between business ideas and opportunities; The characteristics of a viable business opportunity; Ways in which business ideas can be turned into viable business opportunities
Larger or established businesses tend to leave gaps in the market for numerous reasons. Once these gaps (however small) are left open, it makes it very easy for smaller ventures to spot the opportunity and make the most of it. Spinelli and Adams (2016) state that a good opportunity may sometimes not look too attractive at first but has the potential to blossom into one that is bigger than the venture itself, even after the venture has grown to a substantial size.In light of the abstract discuss and explain those gaps that business tend to leave in the marketplace, provide the possible reasons for these businesses to leave the gaps.
Learning the fundamentals of computing is a prerequisite for working with any kind of technology. Not only computers, but all technological mediums fall under this category. Can businesses, universities, and the public as a whole benefit more than they lose by embracing cutting-edge innovation?
Learning the fundamentals of computing is a prerequisite for working with any kind of technology. Not only computers, but all technological mediums fall under this category.Can businesses, universities, and the public as a whole benefit more than they lose by embracing cutting-edge innovation?
Give an overview of the consumer electronics industry. Then, identify and characterize the major players that may be a threat to profits in each of Porter's Five Forces for your selected industry. finally, apply Porter's Five Forces to consumer electronics, and identify and characterize potential players that may form a value net. Consumer Electronics - apply Porter's Five Forces to consumer electronics, and identify and characterize potential players that may form a Value Net.
Changes in the technological environment have created amazing opportunities for new business models while at the same time threatening traditional ones. For example, Airbnb has shaken up the hospitality industry by allowing people to rent out spare rooms or their entire homes to strangers. The Uber and Lyft ridesharing businesses allow consumers to find a ride from people looking to earn extra money with their vehicles. And with Uber you don’t have to worry about having enough cash or giving your credit card to the driver—payments and tips are all done through the Uber app. Traditional hotel and cab companies are crying foul, claiming that these businesses are not playing by the same regulatory rules to which they are subject. Others are concerned about safety amid reports of riders allegedly being attacked, kidnappings, and driver accidents, questioning the thoof background checks of the 160,000-plus Uber drivers around the world. Some countries, states, and cities in the United…