(The following throwback article appeared in Research Management, precursor to our award-winning journal Research-Technology Management, in November 1969. It was an address delivered by Mr. Wilson at the dedication of the Oxford Center for Management Studies at Oxford University, on April 30, 1969.) Continue reading
By RTM guest editors Irene J. Petrick, Thierry Rayna, and Ludmila Striukova
The pursuit of intellectual property (IP) that can be protected through patents, copyrights, and trademarks has traditionally formed the cornerstone of many companies’ strategies. The general rule of thumb is that IP, when it is well managed, yields sustainable competitive advantage. Recently, however, patent trolls—companies or individuals that buy up patents in bulk—have used as a weapon the very IP that was supposed to protect companies’ core inventions and provide competitive advantage. Wielding their IP ownership, these trolls have blocked its application in new innovations.