Which exploitation strategy is best for an innovation depends entirely on whether the innovator prefers to licence out the underlying patent or copyright.

Question

Quizplus · Accepted Answer

The best exploitation strategy for an innovation depends on various factors such as the nature of the innovation, target market, competition, resources available, and the strategic goals of the innovator. The decision to license out a patent or copyright is just one of the many possible strategies that an innovator can adopt. Other strategies include manufacturing and selling the innovation, offering it as a service, partnering with other companies, or using the innovation to enter new markets or create new products.

Which Exploitation Strategy Is Best for an Innovation Depends Entirely