Why patents are not always the best way forward

Very interesting piece on the BBC Business website about patents (discussed on page 319 in our book).  In many industry sectors, R&D investment is significant (e.g. pharmaceuticals) and the normal way to get a return on this is to protect any new products or technologies with a patent.  However, in some areas companies have deliberately chosen not to do this, but share their development with others.  This has usually been done in order to grow overall market demand, but also for ethical reasons (such as Volvo’s decision not to patent their car seat belt design).  The article discusses this in more depth and identifies that Tesla may be about to open up its electric car technology to other manufacturers.

This entry was posted in Chap 12 New products and services, Sector: Manufacturing and tagged , . Bookmark the permalink.

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