asked 17.9k views
1 vote
What is the problem with companies pursuing patents specifically to hinder, or prevent, competition?

asked
User Shadoath
by
8.0k points

2 Answers

3 votes

Answer: According to the article, when companies earn patents specifically to prevent competition, it hinders the innovation of products that might actually be better. For instance, Bruce Nolop describes how his company had to pay more attention to the "minefield of existing patents than on the expected value that we could bring to customers." Rosabeth Moss Kanter suggests a "use it or lose it" solution to this problem. She thinks that a company that patents an item would be forced to use the patented idea or product or risk losing the patent. This idea would encourage more competition and prevent patent abuse.

Explanation: edmentum sample answer

answered
User Giogre
by
8.3k points
4 votes

Answer:According to the article, when companies earn patents specifically to prevent competition, it hinders the innovation of products that might actually be better. For instance, Bruce Nolop describes how his company had to pay more attention to the "minefield of existing patents than on the expected value that we could bring to customers." Rosabeth Moss Kanter suggests a "use it or lose it" solution to this problem. She thinks that a company that patents an item would be forced to use the patented idea or product or risk losing the patent. This idea would encourage more competition and prevent patent abuse.

Step-by-step explanation:

answered
User StephenCollins
by
9.1k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.