...Intellectual Property Rights and Economic growth “Imagination is more important than knowledge” – Albert Einstein Albert Einstein’s preference of imagination over knowledge speaks well to the potential capabilities of enterprises and businesses. If a creative idea is discovered, it can be transformed into innovative products. Innovation is instrumental among other things in creating new jobs, providing higher incomes, offering investment opportunities and curing disease. “There is wide agreement that innovation and entrepreneurial activity are the engines of long-run economic growth” (Hill 63). Intellectual property rights have become a significant factor in both creating and using ideas that are translated into knowledge and inventions to promote innovation and economic growth. Through this paper I will discuss the importance of protecting intellectual property and its impact on economic development. What is intellectual property and IPR’s? “Intellectual property refers to property that is the product of intellectual activity” (Hill 54). It might be a poem that you write, a computer software, a mother’s invention of saline Boogie Wipes for babies or a formula for a new drug. Creators can be given the right to prevent others from using their inventions, designs or other creations and to use the right to negotiate payment in return for others to use them. These are “Intellectual property rights”. They allow the creator or owner of a patent, trademark, or copyright...
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... 8. Teleworking 5.12 PART B: REPUTATION MANAGEMENT OF ORGANISATION 9. Introduction 5.13 10. Understanding the basics of reputation management 5.13 11. Reputation management in a crisis 5.15 11-1 Example 5.1: The Brent Spar crisis – Underestimating shareholder expectations PART C: PROTECTING INTELLECTUAL PROPERTY OF ORGANISATION 12. Introduction 5.17 13. What is intellectual property? 5.18 14. Importance of intellectual property 5.18 14-1 Example 5.2: Brand value v. net tangible assets 14-2 Brand values compared to tangible assets 15. Intellectual property rights 5.19 15. Types of intellectual property 5.20 15-1 Trademark 15-2 Patent 15-3 Utility model 15-4 Industrial design 15-5 Geographical indications of source & appellations of origin 15-6 Undisclosed information and trade secrets 15-7 Copyright 15-8 Related rights 15-9 Other rights – Topographies and plant breeder rights 16. Balanced IP protection 5.24 16-1 Case study 5.1: Government support of research for the public good 17. Abuse of intellectual property 5.26 17-1 Example 5.6: Piracy in the music industry 17-2 New methods for protecting intellectual property 18. Enforcing...
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...Intellectual Property Theft in the Automotive Industry Scope, Trends, and Mitigating Strategies Table of Contents Introduction………………………………………………………………………………..3 Scope of Intellectual Property Theft………………………………………………………3 Intellectual Property Theft and China……………………………………………………..4 Intellectual Property Theft in the Automotive Industry…………………………………...5 The Subtle Pick-Off……………………………………………………………….5 Piracy and China’s Global Emergence…………..………………………………………..6 Consequences of IP Theft…………………………………………………………………7 Mitigating Strategies………………………………………………………………………7 The Autoweb Intellectual Property Exchange…………………………………………….8 Fusion-DX………………………...………………………………………………9 GlobalSource………………………………………………………………….…..9 Data Integration Services……………………………………………………….…9 GlobalSource...………………………………………………………………….…9 Integrated Translations…………………………………………………………….9 Autoweb Company Overview……………………………………………………10 Bibliography………………………………………………………..……………………11 www.autoweb.net 2 Introduction I ntellectual Property protection in the manufactured goods sector is not a new idea. Laws prohibiting manufactured goods counterfeiting and piracy activities existed as far back as the Middle Ages when bakers, artisans, and craftsmen used distinctive marks to distinguish their products and work from would-be counterfeiters. The general problems associated with modern day counterfeiting and intellectual property piracy have long been recognized, yet today’s high-tech economy has magnified the problem of...
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...Automotive Memorandum To: Management From: Learning Team A Date: 3/13/2011 Re: Automotive Tangible and Intellectual Property Issues I. Relevant Tangible and Intellectual Property Issues in the Automotive Industry Relevant Tangible property issues in the automotive industry are vehicle systems design, manufacturing techniques, features, and parts. Ford is currently being sued by Paice LLC for the use of a hyper drive system that is being used in a number of Fords hybrid vehicles. Paice believes that they own the patient on the drive system (Slind-Flor, 2010). Relevant intellectual property issues in the automotive industry are trademarks, service marks, copyrights, patents, concept drawings and trade secrets. For example, the name and logo Ford uses is intellectual property of Ford Motor Company. Trademarks can be registered in 10-year terms. The trademark can be renewed unlimited times in 10 year intervals (Cheeseman, 2010, p. 120). II. Legal Issues Facing the Company From Tangible and Intellectual Property Issues Legal issues facing the automotive industry concerning tangible and intellectual property include analyzing and prosecuting patents, protecting confidential information by creating and executing non-disclosure agreements as well as the ability to create identification and protection of products through intellectual property (Foley Lander Attorney at Law, p 2, n.a.). A company must be able to...
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...Intellectual Property and Copyright Infringement Laws Kaplan University November 7, 2014 Numerous organizations utilize cost management (CM) strategies in various ways. For instance, CM strategies are utilized when planning to implement new tasks, as a business model and to perform daily business transactions. During the planning stage, the costs are applied to the task and management must approve the costs before completing the tasks. Once all the costs are calculated, recorded and management approves the process; they continuously observe the project and the cost to ensure the strategy is in accordance with the CM strategy. On the other hand, once the task is completed to fulfill the business goals, the cost that were predicted are evaluated against the actual costs. The CM strategies will help keep the company’s budget under control to increase profitability at the same time. It is also imperative that organizations use a cost management strategy that will fit with the business requirements and processes before deciding to implement new projects. Organizations implement cost management strategies by creatively thinking of methods that will help the company maintain a competitive advantage and to meet consumer demand. Unfortunately, some cost management strategies may cause implications to arise when an organization increase production investments or violate several ethical laws. Some implications that may arise involve an increase in supply costs, the organization...
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...‘Knowledge economy’, is an economy that creates, manages and uses knowledge for growth. Intellectual property embraces the results of human creative endeavors including literary and artistic works, performances of performing artists, sound recordings, broadcasts, inventions, industrial designs, trademarks and service marks, protection against unfair competition, undisclosed information, geographical indications, layout designs of integrated circuits and new varieties of plants. The law of intellectual property recognizes and protects, among other things, the rights of the creators encouraging them to further their creative efforts and facilitating the dissemination and application of the results of creative efforts for the benefit of both creators and society as a whole. The areas such as promotion of national creativity, protection and management of the results of creativity, facilitation of transfer and management of technology, attraction of investment, enhancement of R&D activities, development of human resources and stimulation of entrepreneurship are some of the essential components of an environment conducive to a knowledge economy. Intellectual property which concerns creation, management and protection of knowledge can greatly contribute to developing and maintaining such an environment.The economic dynamism of intellectual property is multi-faceted. A few of them may be briefly highlighted as follows. Incentive for inventiveness It is the human experience...
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...report intellectual capital Summary In today’s knowledge economy, intellectual capital has been playing an increasingly significant role in creating corporate sustainable competitive advantages and becomes instrumental in determining the enterprise value. Though measuring the value of intellectual capital is difficult, with the emerging of intellectual capital valuation models, a number of leading companies have decided to make additional intellectual capital disclosure. This paper discusses and illustrates the intellectual capital statement. How to effectively measure and disclose intellectual capital in external financial reporting and how the accounting rules for reporting intangibles limit the recognition of intellectual capital and will also be discussed. The final part is proposed approaches to intellectual capital reporting. Introduction Our world is in the rise of new economy, principally driven by the information and knowledge. Today, a number of companies and organizations rely heavily on the knowledge and skills of their stuff and the network of the customer. As these intangible assets became increasingly critical, the limitations on financial statements in explaining a company’s value stress the fact that the source of economic value is no longer the production of material goods but the creation of intellectual capital. Background Definition Stewart first defined intellectual capital as intellectual material-knowledge, information, intellectual property, experience-that...
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...2.1. Analytical KM Strategy 5 2.2. Asset Management KM Strategy 6 2.3. Innovation KM Strategy 6 III. IKM Activities 7 3.1. Data warehousing and mining 7 3.2. Customer Relationship Management 8 3.3. Intellectual Property 10 3.4. Knowledge Repositories 11 3.5. Community of Practice 13 3.6. Research and Development 15 IV. IKM Elements 17 V. Conclusion 19 List of References 21 Executive Summary For most contemporary enterprise, it is becoming increasingly more significant to manage knowledge, since most executives often declare that their most valuable asset is the knowledge held by their employees. Typically, almost half of all workers were making or helping to make things forty years ago while today the proportion is down to 20%, which means labor-intensive has given way to knowledge-based organizations. (Drucker, 1994; Bart, 2000) In other words, the knowledge management is unprecedentedly important in today’s society. With the clear business objective on the innovation of pharmaceutical products and diagnostics services, Roche has a strong need for a deliberate and systematic approach to reuse and innovation on the base of existing information and knowledge. Considering the current situation of Roche, three KM strategies would be chosen to sustain the concrete activities to facilitate transference and application of knowledge among employees. They are Analytical KM strategy, Asset Management KM strategy and Innovation KM strategy. Given...
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...Digital Rights Management (DRM) are techniques used to control the use of intellectual property in digital formats controlling unauthorized redistribution and restricting the ways consumers can copy content that they have purchased. 2 These controls started with copy preventative measures on software that was sold in diskette form. 1 Over the years DRM has improved to cover intellectual property such as movies, music and books. DRM is important to intellectual property owners. Without these improvements owners were reluctant about moving forward with sharing these items digitally. There is some controversy involved in the use of DRM as the techniques restrict some legitimate uses. DRMs that are now being utilized may restrict the ereader you use to read a book, prevent you from copying a DVD or Blue-Ray to your portable device or dictate which applications are available for your specific smart phone. 3 Corporations claim that these DRMs not only protect their intellectual property but also protect the consumer from viruses, malware and adware. Many consumers feel that these restrictions should not be in place, or should be less restrictive so that consumers can have some freedom over their personal use once they have paid a fair market price for digital property. Intellectual property needs to be protected. Owners are rightfully concerned about unlawful copying and distribution, without compensation, of their works. As techniques and technologies improve and increase to...
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...limited to plastic bottles and containers, fans, medical stents and fans. With the corporate headquarters located in San Jose, CA, the company has several production facilities in Georgia, Michigan, and also a joint partnership within China. Today, we will present to the Officers and Directors of Riordan a Comprehensive Corporate Compliance plan to help assist Riordan continual mission and growth to which will be determined on how well the company can handle and manage compliance issues. We will cover how to manage the legal liability of officers and directors of the company, how to properly address situations when the law is violated, enterprise liability, protecting the company’s real and intellectual property, governance, and international laws that the company must follow. Management Responsibilities and Guidelines Riordan very own Employee Handbook states the internal environment at Riordan as branded by the highest ethical standards, integrity and customer trust, all which helps establish goals that support Riordan’s corporate mission. The Employee Handbook provides the four main goals for the company: Company growth through Research and Development as an Industry Leader, Sustaining Customer Relations, Internal Employee Satisfaction and...
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...1 DeVry University 06/22/2014 1 2 Strategy The purpose of this section is to describe what should be the strategy of technologically driven company. Here we have taken Intel as technologically driven company. This section determines how a technology strategy will help the Intel Company to reach at success. Technology Driven Strategy: A technology driven strategy starts by expressing the capabilities required achieving the business strategy, and after that the technology required to enable those capabilities. Thorough knowledge of the operating models, business architecture, capabilities, and processes are actionable inputs for one smart business technology management team. Three critical elements are incorporated by a true business-driven technology strategy: an Enterprise Technology Strategy, an Enterprise Business Strategy, and a Technology Function Strategy. Technology-driven companies normally achieve directly below concept which be able to evolve automation of designs products. These companies approach are decided through respective design unit, frequently produce brand by exhaustively investigating a retail also completely accepting a current retail necessities. Automation compelled strategy contain numerous benefit. They allows the business into quickly bring brand into retail as well as accordingly infrastructures brands architectures opinions about business proficiency (Evens, P. & Wurster, T. 1997). 2 3 Summary of Intel's Technology Strategy: The...
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...limited to plastic bottles and containers, fans, medical stents and fans. With the corporate headquarters located in San Jose, CA, the company has several production facilities in Georgia, Michigan, and also a joint partnership within China. Today, we will present to the Officers and Directors of Riordan a Comprehensive Corporate Compliance plan to help assist Riordan continual mission and growth to which will be determined on how well the company can handle and manage compliance issues. We will cover how to manage the legal liability of officers and directors of the company, how to properly address situations when the law is violated, enterprise liability, protecting the company’s real and intellectual property, governance, and international laws that the company must follow. Management Responsibilities and Guidelines Riordan very own Employee Handbook states the internal environment at Riordan as branded by the highest ethical standards, integrity and customer trust, all which helps establish goals that support Riordan’s corporate mission. The Employee Handbook provides the four main goals for the company: Company growth through Research and Development as an Industry Leader, Sustaining Customer Relations, Internal Employee Satisfaction and...
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...Intellectual Property Rights 2014 1.Intellectual property rights: US set to punish India The Indian embassy in Washington DC too scheduled a briefing by its economic and commerce wings soon after the expected US action. TNN | Feb 10, 2014, 10.28PM IST WASHINGTON: It's not looking good between New Delhi and Washington. Tensions over the Khobragade episode are yet to fully dissipate, but the two sides are locking horns again over intellectual property rights. The Obama administration is scheduled to announce unspecified ''trade enforcement action'' against India on Monday evening (Tuesday am IST) Washington time. United States trade representative (USTR) Michael Froman and general counsel Timothy Reif will hold a news conference to announce action related to India, the USTR said earlier in the day in a head's up to journalists. The Indian embassy in Washington DC too scheduled a briefing by its economic and commerce wings soon after the expected US action. All this comes ahead of a re-scheduled visit to New Delhi of US energy secretary Ernesto Munoz, which was postponed from January because of the Khobragade row. 2.Hurdles in business growth forcing entrepreneurs to mass exodus Krithika Krishnamurthy, ET Bureau Mar 28, 2014, 04.30AM IST * (Starting up in India is easy…) Within the next six months, Bangalorebased technology entrepreneur Jay Krishnan will be heading east in search of a better place to locate his fast-growing business...
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...Legal and Ethical Considerations in Marketing, Product Safety, and Intellectual Property Name: Hanadi Rabadi Course: LEG 500 Professor: Gus Weekley Date: 09/01/2014 Legal and Ethical Considerations in Marketing, Product Safety, and Intellectual Propertyt Inreduction Ethical dilemma may be defined as a situation where one has to make a decision but the decision to be made has some impact on either of the choices taken. In different organizations, there are times where a manager may be faced by ethical dilemmas that he or she is supposed to look into. The process may be difficult since the manager has to deal with such situations without discriminating on any individual. Any activity that relate to business management in relation to the society, consumers, and the business itself should consider all ethical issues relating to the environment. It is important for business owners to alight ethical issues to their business plans. Ethical issues may relate to advertising and marketing, regulation of product safety, and intellectual property. Marketing and advertising, relating to any industry in the market, may have different forms of ethical issues. For example, advertising may be unethical when the content in the advertisement has unethical issues such as the use of harsh language or pictures that may not be pleasant to all age groups (Ashcroft, 2007). It is important for advertising agencies to consider all ethical factors while posting any advertisement to the public...
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...The Washington Declaration on Intellectual Property and the Public Interest The Global Congress on Intellectual Property and the Public Interest, August 25-27, 2011, convened over 180 experts from 32 countries and six continents to help re-articulate the public interest dimension in intellectual property law and policy. This document records the conclusions from the Congress and is now open for endorsements and comments at http://infojustice.org/washington-declaration Preamble Time is of the essence. The last 25 years have seen an unprecedented expansion of the concentrated legal authority exercised by intellectual property rights holders. This expansion has been driven by governments in the developed world and by international organizations that have adopted the maximization of intellectual property control as a fundamental policy tenet. Increasingly, this vision has been exported to the rest of the world. Over the same period, broad coalitions of civil society groups and developing country governments have emerged to promote more balanced approaches to intellectual property protection. These coalitions have supported new initiatives to promote innovation and creativity, taking advantage of the opportunities offered by new technologies. So far, however, neither the substantial risks of intellectual property maximalism, nor the benefits of more open approaches, are adequately understood by most policy makers or citizens. This must change if the notion of a public interest...
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