With this blog post, I looked at the example of my peer, Payal Patel, for the example of how to break down the macroeconomic forces that are currently shaping the patent marketplace. In Efrat's discussion, she effectively broke down the the four forces that contribute to the survival of this marketplace.
Looking closely at how technology is constantly evolving, many external forces affect the patent marketplace; this marketplace has many strengths and weaknesses:
Firstly, there is an extremely active patent transaction market where innovation has been constantly increasing. This is an opportunity due to the fact that people need to file many patents in order to protect their IP. Secondly, globalization has led to increased competition and has thus encouraged innovation. Therfore, global competition is viewed as an opportunity due to the fact that companies are constantly pushed to strive for more and better things.
On the other hand, the patent marketplace faces many threats. One such threats includes the fact that IP litigation levels are very high. With the existence of patent trolls, large corporations have continued getting unrightfully sued. Therefore, the patent trolls are creating a problem and threat within the patent litigation world. Another threat is evident with the fact that the USPTO is underfunded. As government departments look to save more money, this will undoubetdly hinder innovation within the US.
Thanks for reading my blog post, and I look forward to seeing your comments!
Best,
Anish
No comments:
Post a Comment