Strategic Management
Strategic Management
4th Edition
ISBN: 9781259927621
Author: Frank T. Rothaermel The Nancy and Russell McDonough Chair; Professor of Strategy and Sloan Industry Studies Fellow
Publisher: McGraw-Hill Education
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Chapter 7, Problem 1DQ
Summary Introduction

To describe: The trade-offs when the firm decides to patent the software.

Introduction:

Strategic management refers to formulating and implementing the way to achieve the goals by considering available resource and the internal and external environment. It will be framed by the top management on behalf of an organization.

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Describe the trade-offs when the firm decides to patent the software:

Patents help to slow the imitators and create entry barriers for the firms that enter the same product category. To file a valid patent claim, the proprietary information needs to be fully disclosed. Hence, there would be various tradeoffs in the software process that includes business models and algorithms.

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