Tag Archives: competition

Short-term thinking about intellectual capital weakens the U.S.’ ability to compete

A well-known economist and entrepreneur, whose work has been cited more than 120,000 times as tracked by Google Scholar, says that businesses and managers who fail to properly acknowledge the contribution of intellectual capital, including IP rights like patents and trade secrets, are dangerously short-sighted. 

David Teece, Director of the Tusher Center for the Management of Intellectual Capital, at UC Berkeley’s Haas School of Business, says “We are at a critical junction in the evolution of our society and the economy. If we continue to protect and reward just the production of tangible goods (objects), while short-changing intangibles (ideas, inventions, creative-works, know-how, relationships, etc.), we will be out of step with technological progress and the march of civilization.

“Economies will eventually stutter if the creation of intangibles is compromised through poorly designed and weakly enforced intellectual property rules.”

Brief and Keynote

These remarks were part of a brief he wrote for the Tusher Center, which can be found here. He delivered more detailed remarks as the keynote at the first IP Awareness Summit in Chicago in November. The title of his talk was “IP Rights Erosion: A Growing Threat to U.S. Economic Leadership.” For the complete Intangible Investor column, “Short-changing intangibles – is risky business,” in the January IAM magazine, out this week, go here.

Dr. Teece believes that improving awareness of and attitudes towards intangible assets ought be part of industrial and innovation policy debates. “Nations that rely on creativity,” he says, “must be vigilante in maintaining systems that permit innovation, authorship and creativity to thrive.”

For the outline of Dr. Teece’s talk, go “IP Rights Erosion: A Growing Threat to U.S. Economic Leadership.”

Image source: berkeley.edu; understandingip.org

 

Patent Reform in the Senate

Bill Language “Little Improved”

Patent reform is back in the news and those who are watching developments say there have been few. The bill now before the U.S. Senate is still riddled with problems and, if passed, they say will weaken capital investment, innovation and U.S. competiveness.

Former Apple, National Semi and Medtronic chief IP counsel, and former USPTO examiner, Irv Rappaport weighs in on the latest developments.  

Dear Colleagues, 

Patent Reform for the Gang of 15 (and the rest of America’s companies be damned) has reared its ugly head again yesterday, March 4, 2010.  It is more important than ever that you let your Congressman and Senators know your views on this “Patent Deform” legislation as I like to refer to it.

Attached [below linked] are several items discussing the “improved” language being worked in the Senate. Below also is a highlighted summary of the major “improvements,” as they are being called.  As you can see, not much has changed other than some minor wording.  None of this deals with the problem that if passed, the USPTO will bury patents because they will be more overwhelmed with work than ever with the post-grant opposition proceedings. The ever-present apportionment of damages favorite issue of the patent infringement community persists.

Best regards,

Irv
Irving S. Rappaport, Esq., CLP

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