How The US Patent System Crushes Innovation
Forbes Magazine recently interviewed Michael Meurer and James Besson, authors of Patent Failure: How Judges, Bureaucrats and Lawyers Put Innovators at Risk, a massive study on the costs and benefits of holding patents. Their chilling conclusion:
Sphere: Related ContentMeurer and Bessen concluded that in every industry, except pharmaceuticals and biotech, publicly traded companies spend more money litigating to protect existing patents and paying fees to the U.S. Patent and Trademark Office than they earn from the same patents. (Bessen and Meurer evaluated patents issued by all publicly traded companies between 1984 and 1999.)
Three Amazing Reports On The State Of Innovation - Part II
Table of contents for State of Innovation
- Three Amazing Reports On The State Of Innovation - Part I
- Three Amazing Reports On The State Of Innovation - Part II
In our first installment, the Boston Consultancy Group identified innovation trends via a survey of over 2400 senior level executives. In this installment, Booz-Allen-Hamilton studies the world’s largest R&D investors to determine what innovation strategies succeed.
Sphere: Related ContentThree Amazing Reports On The State Of Innovation - Part I
Table of contents for State of Innovation
- Three Amazing Reports On The State Of Innovation - Part I
- Three Amazing Reports On The State Of Innovation - Part II
In December, three international consultants published the results of their research on the current state of innovation. This four-part series will cover each in turn, then I’ll add a conclusion that ties them together. First on the block - Innovation 2007 from the Boston Consultancy Group.
Sphere: Related ContentHas Solar Energy Finally Turned The Corner?
The key to making a disruptive solar energy product is to overcome the high cost of the initial installation. Popular Science has awarded its Innovation of the Year award to a company who may well do that starting next year - Nanosolar. Let’s see if they can truly be disruptive.
Sphere: Related ContentUnder Armour: Branding Juggernaut Pushes Customer Experience
Over the past few years Under Armour has built an amazingly successful brand via their awesome sports-based ad campaigns. Now they’re moving into a new business area - retailing. And in doing so they are trying to master yet another form of innovation: customer experience.
Buffalo Wild Wings - Another Example of Innovation Effectiveness
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There is a Buffalo Wild Wings about 15 miles down the Interstate from me now. It opened about two months ago, in a rather large mall. There is also a well-established restaurant 3 miles from my house that specializes in wings. It has a more locally appealing flavor variety, the wings taste better, and they’ve been doing extremely well for years. So naturally, people all over town are flocking to…
…Buffalo Wild Wings, even though it’s out of the way and has lower quality food. Why? How is BWW kicking ass?
Sphere: Related ContentThe Secret To Innovation Effectiveness Is…
Buried in this Fast Company article on design wunderkind Fuseproject is this intensely interesting factoid:
Get Your First Electric Car From…Sam’s Club???
Who is the first to the American mass market with an electric car? Would you believe…Sam’s Club?
Sphere: Related ContentWhither Thou Goest, id Software?
Halo 3 is out, and Half-Life 2: Episode 2 is just around the corner. So now seems a fitting time to post on the company that created the business model for the modern action computer game - id Software.
Are You Tired Of Producing Ineffective Results?
Are you frustrated that your attempts at innovation don’t make a difference?
Do you apply creativity in areas that don’t yield results?
Then apply it in one of the areas that makes the most difference - your business model.
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