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    Intellectual Property and Government Regulations

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    I have the following task, and I need some help getting started:

    Assume that you are starting up a small business and are concerned about protecting your ideas and intellectual property. its a Five-star restaurant with chef-created recipes.

    - Describe your small business and intellectual property.
    - Identify the legal issues and government regulations that are involved in protecting your ideas and intellectual property.
    - Describe the steps you would take to get those legal protections in place and conform to the applicable regulations.
    - Explain where your ideas and intellectual property might still be vulnerable even if you put those legal protections in place

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    Solution Preview

    Here is some help to get you started:

    At their core, every organization exists to provide value for stakeholders. Determining who those stakeholders are and determining how much risk the organization is willing to accept as it "strives to create value" is an important part of managing intellectual property (Flaherty, Maki, et. al., 2004).

    Enterprise risk management is a concept used by managers within organizations to identify, assess, and manage risk around IP concerns. Developing a framework to gauge and improve risk management systems is an important task and in response to the cross-industry need for such a framework, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) released a comprehensive Executive Summary on the topic in 2004.

    You can apply the framework of the COSO study to your five-star restaurant.

    Every organization faces uncertainty, that ...

    Solution Summary

    The expert examines intellectual property and government regulations. The steps you would take to get those legal protections in place and conform to the applicable regulations is determined.