There Are Two Primary Rules of Thumb for Deciding If

question 43

Multiple Choice

There are two primary rules of thumb for deciding if intellectual property protection should be pursued for a particular intellectual asset. First, a firm should determine if the intellectual property in question is directly related to its competitive advantage. Second, a firm should determine if its intellectual property:

• A) is less than 20 years old
• B) could be licensed to another company
• C) has value in the marketplace
• D) is something that was developed "in-house"
• E) rightfully belongs to the firm or the employees who developed it

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Definitions:

Cross-functional

Involves collaboration among team members with different expertise and from various departments within an organization to achieve common goals.

Virtual Teams

Groups of people who work together across time, physical space, and organizational boundaries via electronic communication technologies.

Uniqueness Advantage

A competitive advantage that a company or entity possesses due to its unique characteristics, making it stand out in the market.

Organizational Boundaries

The defined edges that distinguish the scope, responsibilities, and operations of an organization from its environment.