Intellectual Property Strategy at North Technology Group-Sailing Downwind Case Solution And Analysis, HBR Case Study Solution & Analysis of Harvard Case Studies

Intellectual Property Strategy at North Technology Group-Sailing Downwind Case Solution

Buying and Selling

Patents and copyrights both have their own set of benefits in addition to their own set of drawbacks. Some people have likened the process of obtaining a copyright license to entering a real gold mine, while others have compared the process of obtaining a patent to participating in a battle. Continued participation in this conversation is unlikely to yield any useful outcomes, in my opinion. This is more of an opinion than anything else, if they want to be technical about it. It is possible to spend money to acquire patents and copyrights, but doing so requires having sufficient financial means. On top of that, they will be responsible for other costs such as taxes, interest, and fees. Patents and copyrights each come with their own set of advantages and disadvantages. When weighed against the many benefits, the costs are inconsequential. However, it is important to spend a significant amount of money on acquiring patents and copyrights. The price of conducting research and writing the patent or copyright, the cost of writing the description and drawing the illustration, the price of prosecuting the action, the price of reviewing the patent, the price of calling witnesses or experts, and the price of any damages that may be awarded are all included in this price. The invention that is being protected may have a significant impact on both the advantages and disadvantages that are associated with copyrights and patents(Risch, 2019).

Overall Basis

Before trying to analyse the costs and benefits of any of these legal measures, it is necessary to do a thorough examination of patents and copyrights. The choice to submit an application for a patent or copyright is a smart one if the possible advantages of doing so outweigh the expenses involved with doing so, but both of these things are inescapable in any given circumstance. This course of action should not be pursued since the ratio of benefits to costs does not justify doing so. In order to decide whether or not to carry out the activity, it may be helpful to first do an analysis of the costs and advantages associated with doing so. One method for determining the whole advantages and expenses of copyrights and patents is to do away with the existing restrictions that are placed on the many forms of intellectual property rights. Though there is no other choice, it would make sense to continue to enforce the law that restricts these rights even if doing so would be detrimental to the economy as a whole if this were the only alternative. This criterion is ignored only in very unusual circumstances, such as when a piece of work that is fifty years old is discovered and it is determined that it does not infringe on the intellectual property of another person.

Potential Benefits

It is possible to take into account the benefits and drawbacks associated with patents and copyrights, particularly in light of the opportunities that they may provide. Some people believe that it would be irresponsible to limit the dissemination of potentially ground-breaking research or discoveries that might alter people’s lives. There are some people who are of the opinion that the countless benefits that we now enjoy make it appropriate to pay for the research that led to these discoveries; yet, there are others who are not of this opinion. But there are many who disagree with it. On the other hand, there are a great number of people who believe that the advantages of producing original ideas significantly exceed the costs that are connected with preserving them via patents or copyrights. To restate this idea, it’s possible that the potential benefits will much surpass the expenditures, even while the costs of creating new technologies are quite substantial. Both the positive and negative aspects of copyrights and patents may be analyzed from a variety of perspectives and via a variety of research approaches. The monetary, social, and operational expenditures are grouped together under a single heading. When determining the monetary worth of an idea or work, it is necessary to take into consideration the costs that are connected with acquiring intellectual property rights. Two examples of how these expenses may materializeinclude spending in research and development to develop the concept and acquiring licenses and royalties from other parties. These are just two instances among many. When we speak of the social costs or the utilitarian costs, we are referring to the reverberating consequences that this phenomenon has on each and every member of society. Expenditures made by consumers and workers, damage done to third parties, and the objectives of society are all relevant factors.

It is difficult to estimate the influence that a patent or copyright will have on prospective markets, products, or services due to the fact that it is impossible to predict what the future contains. When one is aware of both the benefits and the drawbacks of investing in patents and copyrights, they are in a better position to decide for themselves whether or not this is a smart financial choice. Regardless of the specifics of the situation, companies need to have a comprehensive awareness of the threats and possibilities that are posed by copyrights and patents. People will be better equipped to protect and maintain their natural resources now that they have access to this fresh knowledge.

Recommendations

Because North Sail is under pressure from its competitors to adhere to certain practices in order to maintain its leadership position in the industry, we were particularly concerned about the lack of intellectual property (such as copyrights and patents) in this instance. Specifically, we viewed this as a potential risk to North Sail’s ability to protect its position as the market leader. As a consequence of this, I propose that the company register its products for patents and copyrights in order to prevent competitors from creating and marketing items that are functionally comparable to their own. With this money, the company will be able to maintain its lucrative operations and keep up with the competition in its industry........................

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Intellectual Property Strategy at North Technology Group-Sailing Downwind Harvard Case Solution & Analysis