Jill, an entrepreneur, started a company and invented a power generator that will use alternative fuels. What should be the role of her business in society, and what should her company do?
A) Jill should act such that by deploying her generator through careful licensing and patenting to protect her property, her firm will not only build wealth but will also drive up the standard of living.
B) Jill's firm should voluntarily surrender her invention to the U.S. Government in the interest of national security.
C) Since her firm will run the oil companies out of business and possibly cause economic chaos as the world tries to adjust to the changing technology, Jill should try to find a way to minimize her company's impact, and sit on her invention for now.
D) Jill should share the designs of her invention with her competitors so that the power generator can be produced in all markets..

Question

Quizplus · Accepted Answer

Jill's role as an entrepreneur is to create wealth and drive up the standard of living by deploying her generator. As a business, her company should focus on careful licensing and patenting to protect her property and build wealth while also benefiting society. This will enable her invention to be used by others, create jobs, and promote a sustainable future. The other options, such as surrendering her invention to the government or sharing her designs with competitors, do not align with the interests of her company or society. Minimizing her impact is also not a viable option as the world will inevitably adjust to changing technology.

Jill, an Entrepreneur, Started a Company and Invented a Power