Tuesday, July 23, 2019
Social Enterprise and Future Essay Example | Topics and Well Written Essays - 2000 words - 1
Social Enterprise and Future - Essay Example The success of a business idea is the ability to own it through the patent. The patenting of business ideas ensures that the idea is by the organization, and any of its use will lead to monetary value. The major challenge with patents is the process involved in obtaining the patents. The patents are to be used to protect intellectual property such as software. Changes in design and technology must be evaluated on the basis of success that they can bring to the society while the originators must be able to obtain a reward from the advancement. The commercialization process involves several steps that must be addressed in order to achieve success. These steps include; invention disclosure and assessment disclosure. Upon receiving the invention, the review offers insight on whether the protection of intellectual property is necessary. The major challenge has been the rights of the initiators who may be employees of the company.In order to succeed, the company must have a reward system t hat recognizes the role of the employees in innovation. It is vital for the employees to own the innovation which will, in turn, encourage creativity within the organization. Individuals should be allowed to apply for patents for their innovations because they own it and it should not be taken away from them. However, the current situation does not encourage individuals to apply for intellectual property ownership leading to the development of several issues including fear and loss of wealth generation opportunities.