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Patent Management and Valuation - The Strategic and Geographical Dimension (Hardcover)
Loot Price: R4,741
Discovery Miles 47 410
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Patent Management and Valuation - The Strategic and Geographical Dimension (Hardcover)
Series: Routledge Studies in Technology, Work and Organizations
Expected to ship within 12 - 17 working days
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Research on patent valuation has become increasingly important in
academic and policy circles in the last few decades. In part, this
is the outcome of the wide consensus that innovation is a crucial
ingredient for growth at various levels. On the other hand, there
has also been an overcoming of growth models unilaterally focused
on technological-oriented approaches. This book presents novel and
original research on patent value determinants, which are intrinsic
or extrinsic to the innovator's business model. Grid Thoma has
undertaken a long study on the strategic factors affecting patent
valuation, bringing extensive quantitative evidences across various
geographical and institutional contexts. Beforehand, the valuation
of the patent real options is appraised when the innovator can
postpone the additional investment required for the patent's
successful exploitation. Then, he analyses what other complemental
IP strategies are combined with patenting that in turn directly
affect the value of patents. Moreover, the book scrutinizes the
so-called 'strategic patenting' hypothesis according to which
innovators obtain patents for other reasons beyond gaining IP
protection. A second order of strategic factors affecting the value
of patents resides at the outset of the invention process. These
are constituted by knowledge spillovers, which are typically
mediated by the local geographical context where the invention
process takes place. The analysis shows that the contribution of
knowledge spillovers from business and nonbusiness organizations to
the value of the patented R&D constitutes a relevant aspect for
an innovator's decision making. This thoughtful, cutting-edge
research book is vital reading for researchers, academics, and
policy decision makers in the area of in market valuation,
management of technology, innovation management, and economic
geography.
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