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Intellectual Property in the Managerial Portfolio by Thomas S. O'Connor

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Chapter 3

Development of Existing Intellectual Property Rights

The Pro-Active Stance

Patents: Ownership Does Not Guarantee Success

The ownership of a patent does not guarantee that the patented invention or discovery will be commercially successful, or even that it will find its way into production. Two most successful American scientists/inventors of the past two centuries approached the issue of using their patents in two entirely different ways. The first, Thomas Alva Edison, approached all of his many projects with the objective of producing a marketable product, in many cases with the intention of bringing that product to market himself. His approach to “advancing the engineering arts” was to start with a broad-scale commercial objective ...

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