Dr. Kasznik different IP strategies and that IP strategy can
determine a product’s success, market share, and profitability. Her slide states that case studies
demonstrate that a failure to address IP issues can result in a loss of market
share, margin erosion, and reduced market competitiveness. One case study I
found quite interesting and surprising regards parc. Parc is a Xerox company
that is known for using the GUI, or graphical user interface first, however
they did not patent it. They used it in 1979 and the Xerox management did not
believe it would be valuable at that time in the small PC market. This resulted
in a potential loss of royalty revenues from Mac and Windows sales that
estimated around half a billion dollars. From this incident we learn that
although something might seem useless or obsolete at the time could become
powerful or very useful in the future. Dr. Kasznik reminds us that failure to
patent results of innovative research can lead to large financial and strategic
losses.
I felt that this was useful because many aspiring Berkeley
students have probably contemplated participating in a start-up, but many of
them do not know that IP strategy could help keep them afloat.
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