Global Patent Research and Alerts | Pearson Strategy Group, LLC
Helping businesses look before they leap. - TM
The Pearson Strategy Group, LLC offers a free online assessment tool that provides an anonymous 5-minute method for assessing your company’s risk for falling behind in the marketplace. The assessment has been available for almost a year and it’s time to reveal the key findings. Every user completing the survey receives a summary listing the questions and individual answers. They also get a map of innovation-strategy results.
This past week I’ve been hearing a lot about Tesla’s announcement that it would adopt an “open source” philosophy and release its electric vehicle patents to the world. In his announcement by blog, Elon Musk, Tesla’s CEO, says “Tesla Motors was created to accelerate the advent of sustainable transport. If we clear a path to the creation of compelling electric vehicles, but then lay intellectual property landmines behind us to inhibit others, we are acting in a manner contrary to that goal.”
Professional patent research and analysis requires expertise and tools most business people are not aware of. And high quality results can help inventors and entrepreneurs understand their competition and their opportunities, the founder of the Pearson Strategy Group explained to a recent gathering of Austin’s IEEE Central Texas Consultants Network.
The first word of caution for patent applicants is that, unfortunately, some patent practitioners do produce garbage. I see these “bad” applications frequently. Worse still, some Patent Examiners are asleep at the switch and allow these bad applications to issue. The fatality rate might therefore reflect defendants taking a relatively inexpensive route to invalidate patents that desperately deserve euthanasia. This strategy should be compared to paying “go away” money to appease the owners. Moreover, invalidating bad patents would be a good thing for all (but the owners). No statistics, though, are yet available yet to validate/disprove this theory.
First published in 1943, Maslow’s hierarchy still provides us with a pattern of human motivation [1] and is so eloquent in communicating its purpose. It recently occurred to me that there is no similar pyramid for companies. I tried to find one, even asking several experts, without luck. I challenged myself to adapt this pyramid to the needs of companies. Explaining the hierarchal needs of companies helps us understand that companies operating in different spaces have different beliefs, needs and expectations.
Working with CEOs and management teams to create growth strategies, I watch for existing practices and attitudes that may hinder growth. It’s challenging enough to launch a new venture or a restart a faltering business without creating internal obstacles that weigh it down. An unrealistic view of competition can severely limit or slow the company’s rate of growth. A famous CEO mentor was fond of telling me, “If you don’t have a competitor, you don’t have a business.” Competition is a great motivator. If you have a company in a market with no competitors, either the market you’re pursuing isn’t really viable, or you lack the constant competitive motivation needed to keep you at the top of your game, or both.
Okay, maybe I am a bit ahead of myself… but not for long. I was reading an article in Gizmag about the status of driverless vehicles and thought how close we’ve come to this milestone. Autonomous vehicles had been under research for some years when DARPA, the U.S. military’s research organization, initiated the Urban Challenge in 2007. The goal was to reward the team that could build an autonomous vehicle that would successfully navigate a simulated city environment. Self-driving vehicles are a great example of a disruptive technology unfolding in front of us that will affect many people (and maybe, dogs).
I accidentally caused a lot of controversy when I posed a question in a couple LinkedIn groups. Of course, my ramblings always gather inordinate amounts of attention (caution, sarcasm in play!), but this one went overboard. What did I do? I simply asked: “Who will create the next disruptive technologies that will change the world?” and pointed to this article’s premise that non-experts are better at disruption. While I certainly have my own thoughts on this subject, I wanted to hear the voice of others.
Disrupters can be positive (the underdog in sports) or negative (the person who keeps interrupting a meeting). We don’t always know HOW a disrupter will influence us, but it’s generally better to know WHAT they are (or WHO if you’re in a meeting!) so that we can better prepare for their presence and their influence. What are disruptive technologies? Disruptive technologies are those technologies that displace an existing technology and its market. Applied positively, companies love to possess disruptive technologies. Applied negatively, companies hate learning of another company’s disruptive technology, especially when it is too late to recover.
The turkey was delicious. Now it’s time to go shopping! But first, let’s take a look at a process that will make your shopping list easier than ever before. The same principles used by profitable businesses can net us savvy shoppers the adoration of our children, love of our spouses and maybe even the respect of our in-laws. Use these three business principles to help pick out the perfect gift:
Are you a Veteran? We want to say 'Thanks!’ Pearson Strategy is a veteran-owned business, and we appreciate your hard work and dedication to serving our country. We will salute those entrepreneurs, inventors, and business owners from any military Read More
Harnessing the Power of Focused Data I was recently honored by being asked to speak to IEEE USA, which Is part of IEEE, the world’s largest professional technical organization with over 400,000 members. The invitation extended to me was to offer Read More
