Study 1. Explain what happened to the Gore-Tex brand after the patent expired. What activity can firms use to try to maintain any advantage developed during the patent protection phase? According to quizlaw.com when a patent expires the technology the inventor no longer has the exclusive rights to his or her invention opening it up to everyone. At this point other companies can offer comparative products at reduced prices. I think that Gore-Tex was smart to take advantage of their own patent
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happen. Yes‚ AirTex needed some new controls when Frank and Ted took over. There were a few problems before the takeover took place which makes it evident that new controls should have been implemented. Firstly‚ there was lack of direction because the president of the company was not very regular in showing his presence. He left the firm to an untrained and unskilled accountant. Secondly‚ there was a problem in centralization of resources. Thirdly‚ there was a lack in action control. The managers didn’t
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Questions 1. Explain what happened to the Gore-Tex brand after the patent expired. What activity can firms use to try to maintain any advantage developed during the patent protection phase? -When the patent to a company expires‚ the company would no longer hold the exclusivity of the item’s format. The creators of it gives up the right to ownership of it and other companies are allow to replicate and compete with them on the same product lines. Firms can stay ahead of the game by trying to
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Communication Problems of Overseas Japanese Corporations Introduction My six years of work experience in China allowed me to observe the Japanese culture objectively. I noticed that one common problem causes many business failures‚ namely‚ our communication style; it is proving to be an obstacle in the way of Japanese globalization. Reality of Japanese Traditional Companies English is indeed used as a communication language all over the world‚ but I suspect that the Japanese might not
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Dr. Harold Wolf of Medical Research Corporation (MRC) discovered a unique electronic stimulator that is said to have the capability of reducing the pain from arthritis. Even though the Federal Drug Administration (FDA) still has to approve the device‚ and the testing is in the early stages‚ the interest generated is powerful. Dr. Wolf has received three offers from interested parties and needs to decide which offer would make the most business sense. Offer One includes additional monetary incentives
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Tex-Mex cuisine started hundreds of years ago. It started when the Spanish and Mexican recipes were combined with the American Recipes(American/United States). Tex-Mex is a Mexican and Texan Cuisine combine‚ obviously you one can tell by the name. Geographically they are located right next to each other. Mexico is on the southern border of Texas. Texas being one of the largest of the states in the United States. Texas Cuisine is considered one of the only native cuisines in the United States. The
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Introduction Nokia Phones originated from a small town in Southwestern‚Finland and began from a small paper mill on the banks of the Nokianvirta river‚set up by Fredrik Idestam in 1865.It was 1968 that the Nokia Corporation started in the Mobile Nokia Phone business after spending more than a century operating five different business field as stated in the time line below (Barr G‚ 2009) : Paper Mill‚ 1865 Finnish Rubber‚ 1898 Cable Electronics Forestry Power Generation 1912-1967 By year
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apan-based electronics and communications company‚ Sony Corporation‚ was subjected to a spate of restructuring exercises since 1994 to improve the financial performance and competitiveness of the company. With the initial efforts to restructure the company not yielding results‚ Sony went in for a revamp of the top management in 2000. The efforts by the top management in organizational restructuring failed to put Sony back on the growth track. At this juncture‚ in 2005‚ Howard Stringer became
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MULTINATIONAL CORPORATIONS’ ACTIVITY IN RUSSIA: PROBLEMS AND PROSPECTS Aliyev E. V.‚ 3rd year‚ Institute of Economics‚ Management and Environmental Studies‚ Siberian Federal University Supervisor- Berezova K. G. One of the most actual tendencies associated with globalization is a growing influence of multinational corporations (MNCs) on local economical environments. During recent decades‚ Russia turned from an isolated economic unit to a host country for foreign capital flows. Multinational
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Reaction Essay: The Corporation The documentary The Corporation‚ directed by Jennifer Abbott and Mark Achbar and produced in 2004‚ although bias‚ opens many doors for discussion in regard to capitalism and the role of corporations in our lives. I found the documentary to be presented professionally‚ and filled with legitimate facts more so than extreme opinion. The documentary truly outlines the "all-pervasive" role the corporation has taken as the "world’s dominant institution". The film opens
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