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Intellectual property effects within the business world of today

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Question: What is your personal view of intellectual property and its effects within the business world of today?

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Solution Summary

The 302 word solution gives a good amount of information about legal rights and types of intellectual property.

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Intellectual Property Rights (IPR) are simply the legal protection of patent and copyright laws. They do form a core component of business regulation and influence firms' behavior in engaging into innovation or product differentiation. Intellectual Rights can be considered as a component of a set of regulations that favor dynamic market innovations. They have a moderately positive effect on international business, mainly in international trade and foreign direct investments. However they are an endogenous ...

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Umut Oltulu, MBA
Education
  • BSc, Dokuz Eylul University
  • MBA, Texas A&M University-Kingsville
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