For many years, your firm has been protected by patents, Technological change and the introduction of new products have been slow. Soon, these conditions will change. Your patent protection is expiring, and the rate of technological change and innovation has increased substantially. Discuss how these changes are likely to affect your firm's optimal bundling of tasks into jobs and subunits.© BrainMass Inc. brainmass.com September 23, 2018, 8:47 pm ad1c9bdddf - https://brainmass.com/economics/technology/technological-change-and-patent-protection-67268
Such changes would have manifold effect on a company which has enjoyed protection over a long period of time from competition due to patents. With the expiration of patents and emergence of new technology and innovative products, company will have to become more proactive in its approach and gear up to compete with innovative and dynamic companies who are using innovation and technology to their advantage.
The bundling of ...
Technological change and patent protection