By Christian Grube
Patent rights count number one of the most vital assets in glossy economies and will be a massive driving force of a firm’s functionality. The effective administration of those key assets, despite the fact that, calls for knowing their inherent worth power. The complicated nature of patent rights often demanding situations conventional methods to worth.
Christian Grube analyses the worth capability of patent safeguard of knowledge-based aggressive benefits. He extends current examine at the knowledge-based view of the company and studies methods and strategies to worth nationwide and overseas patent rights. the writer enhances his theoretical examine via empirical analyses at the worth of licensing agreements and at the adequacy of bibliographic patent facts for patent valuation. His findings express that complicated licensing contracts characterize a ecocnomic technique to make the most the price of patented innovations and that bibliographic patent facts can help the valuation of complicated patent portfolios.
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Additional info for Measuring the Immeasurable: Valuing Patent Protection of Knowledge-Based Competitive Advantages
Example text
In contrast to the transaction cost theory (Coase, 1937; Williamson, 1985) and the resulting contractual approach of the firm (Cheung, 1983), the knowledge-based view of the firm does not rely on the assumption of opportunistic behavior as the driving force for the creation of firms (Nickerson and Zenger, 2004, 617). , 2002, 64) justifies its existence by underlining the efficiency advantages of this organizational form in creating, transferring, applying, and protecting knowledge assets. , 2002, 64).
With regard to the general economic transformation process, we can interpret knowledge either as an input factor or as an output of corporate processes; thus, as a corporate asset (Itami and Roehl, 1987; Barney, 1991; Quinn, 1992; Teece, 1998) that exists at a specific point in time – or, applying a more dynamic view – as a facilitator in the production process emphasizing the supportive role of knowledge and its potential to increase efficiency in the process of combining different inputs (Penrose, 1959; Arrow and Hahn, 1971; Spender, 1996).
Many attempts have been made to overcame this split, including those of philosophers such as Husserl, Heidegger, Sartre, Merleau-Ponty, Wittgenstein, James and Dewey (Nonaka and Takeuchi, 1995, 25). In contrast to this, Asian philosophers, such as Nishida Kitaro, do not distinguish between body and mind; they argue that both body and mind are places for knowledge (McCarthy, 2001, 166). John Locke: The need for experiments In contrast to Descartes, Locke (1632–1704) emphasizes the importance of experiments to gain scientific knowledge.