What Patent Strategies Can Be used to Improve Competitiveness within the Business?


The concept of patents can be traced back on the 14th century but it has consistently evolved over time. The thought of patents was introduced to encourage innovators by awarding exclusive rights the actual years improvements in technology made by these guys. In essence, a patent is really can you patent an idea a set of exclusive rights granted with country in exchange for a public disclosure of their invention. The rights granted to a patentee, in most countries, include, the right to exclude others from making, using, selling, importing, offering for sale or distributing the patented invention without permission of the patentee. This set of exclusive rights is granted for modest period of time, and in most cases the right is limited to 20 years.

The exclusive rights granted to a patentee have business impact, some of which are listed below:

A patentee gets the liberty to enjoy monopoly the particular patented invention for 20 years

A patentee can monetize his patented invention by selling or licensing out his rights, in addition to other methods for monetizing

Engineers and scientists can access a good pool of patent information and improvise on existing technology

Competitors will have patent your idea to create non-infringing products and processes

The business impact of patents could be used develop the competitiveness of an online business. A wholesome, systematic and customized approach towards patents is called for to use the power of patents to positively impact your provider.

4 fold approach for enhancing competitiveness

Build a patent fortress

Proactively safeguard your business interests

Respect others intellectual property

Intelligent means to product and process development

Build a patent fortress

One for this approaches for improving competitiveness of a service is by having product differentiators. Product differentiators are resulted by developing products are generally technologically superior, has newer/better features or addresses specific needs buyers. Sometimes, there may possibly be any changes which is designed to the product, however, companies might differentiate themselves from competition by products at reduced values. This might be possible by making changes to your processes used in producing the product. Such modifications meant to the products/processes might be patent important. Hence, when a company feels they will have made some modification that end up being patent worthy, it is important to contemplate the idea of having such improvements how do I get a patent protected by a patent.