The process of inventing or discovering the innovative and rather unique product and the focus on launching it in the future can guarantee the success of a company or a person within the market. Nevertheless, there are a lot of associated challenges. Thus, the unique idea or design can be stolen or copied. Moreover, the inventor or creator does not receive the recognition and benefits, if the product and idea are not protected with references to the intellectual properties laws. Intellectual property is one of the most controversial legal and ethical fields of management. It is the dynamic and developing area of the modern law which covers all the creations of the human mind. From this point, intellectual property can be defined as the specific concept which is used to speak about inventions, literary pieces, artistic and music works, designs, photographs, slogans, names, and symbols. The above-mentioned pieces and objects are Continue reading
International Business Management
Case Study: Chrysler’s Merger With Fiat
Among the most attention-grabbing dramas to come out of the Great Recession was the marriage of Fiat and Chrysler. Financed and brokered by the United States government in an unmatched market intervention, the amalgamation brought two outstanding companies together whose histories were strangely similar but whose prospects had recently diverged. Chrysler is an American symbol one of Detroit has framed titanic three in the auto industry. Chrysler is a company with a turbulent history having experienced several cycles of booms and busts. The company fell on hard times and needed a government bailout in the year 1979. Chrysler managed to pay up the government loan and continued to be successful in the auto industry for a better part of the years. This improvement in its activities was under the leadership of the legendary Lee Lacocca. In the mid 1990s, Chrysler was a strong and growing company, and this aspect led it Continue reading
Grounds for Refusal of Trademark Registration
A trademark, is a unique symbol or sign that can be used by a person or an organization to uniquely identify its services and products. Trademarks should be unique and should not replicate any other existing trademark. A registered trademark is that trademark which has been registered with the appropriate trademark office in a particular jurisdiction. It is not a legal obligation for a trademark to be registered. Some of the trademarks are not registered with the appropriate legal office. Registering a trademark has some advantages. They include a notification to the general public about the right of ownership of the trademark, exclusive rights to the use of the mark and a legal conjecture of ownership nationally. Various countries and states have different legal frameworks and guidelines that determine to what extent a trademark is considered legally owned. Trademark infringement is considered a serious crime in most jurisdictions and the Continue reading
Software Patent – Intellectual Property Rights in Software
A software patent is one of the intellectual property rights giving a company or individual owners the privileges of preventing others from using, making, or selling patented inventions without approval. For an innovation to be considered patentable, it must meet some criteria. There must be an industrial or commercial way of using it, meaning its software should be used with a machine to ensure it is not merely an abstract idea. The invention should be new, unique, and not obvious to any person with average industry skills. However, patentability has led to the public uproar with some experts arguing that software patent is a deterrent to innovation and should be scrapped altogether. The clear line between software and machine, ordinary idea, and patent troll are controversial among other issues. The main concern is how can computer software be patented to prevent other people or firms from using similar programs and Continue reading
Difference between Trademark and Trade Secret?
A trademark is one of the most valuable components of a company’s functioning, which can provide it with a significant competitive advantage. Trademarks are a method of protecting symbols that are proprietary to a company. Hence, it consists in confidential information that describes the processes or things that characterize the organization. It can be a phrase, a slogan, a symbol, or a mixture of these aspects. To qualify for a trademark, the information must correspond to specific points. It must have commercial value for the company, must be known to a limited number of people, and fall under such documents as consent to conceal data for the persons by whom it is used. The 3M logo is an example of a trade mark. The red or black combination, the font, the fact the curves of the “3” lay tangent to the “M” are is something that is universally recognized by a Continue reading
Multinational Corporations and Home Country Relations
Public attitudes toward Multinational Corporations (MNCs) are biased by a nation’s position as a home or host country. Historically, home countries have perceived MNC activities as desirable extensions of their domestic business systems. Conversely host countries have viewed MNCs as agents of foreign influenced and exploitation. This historic dichotomy is now shot through with conflicting perceptions of the MNCs. Different segments of society, such as labor, investors, consumers, traders, and farmers, see their interests affected in different ways. As a result, a multi-sided controversy about the societal merits and demerits of MNCs has grown in both host and home countries. The most aggressive challenge to the traditionally supportive home country policies towards MNCs has come from organized labor. Labor Conflict Multi-nationalization has created for management new mobility and flexibility that have greatly enhanced its bargaining power vis-Ã -vis labor. Since the sourcing base of the multinational firm knows no national boundaries Continue reading