Question

Critique the market entry strategy of a particular company in a particular country. Research the latest issues regarding trademarks, patents, and copyrights. What about companies attempting to patent business plans? Life forms?

Please answer the whole question and cite a resource. Thanks!

Answer 1

A patent is something like an insurance policy against theft. One does not absolutely need it, for perhaps nothing will be stolen, but if one does need it and has not got it, then the experience is usually a painful one.

If the probability is great that something may be stolen from us, then it is best to insure oneself against the risk of loss. A good artist will therefore be well advised to insure his paintings against theft, for he has invested time, labor and hence money in producing a work that, after all, he wishes to sell.

To do so the artist must first make his work known, thereby risking that someone will fake it or copy his style. This means that it is not the paintings themselves (i.e., the artist's tangible assets) but the creative work the artist has put into them that will be stolen. Theft of this kind is worse than that of a tangible asset, because the theft of an idea that can be reduced to practice becomes common knowledge to which all can help themselves.