By Ruth Taplin
With the hot worldwide fiscal problem, attitudes and practices on the subject of highbrow estate valuation are altering as exemplified through the dichotomy defined during this publication, which makes it specific. whereas there was a flow in the direction of international harmonisation when it comes to valuation of either tangible and intangible resources which are according to innovation, there's additionally an inclination opposed to worldwide harmonisation due to cultural attitudes and practices of other nations. this is often obvious such a lot acutely in terms of highbrow estate valuation in Asia, specifically East Asia, which frequently differs from the West’s belief of valuation. The e-book is written through specialists in highbrow estate, valuation and innovation who're as a rule practitioners masking innovators, agents, accountants, social innovators and business and administration lecturers. The breadth and practitioner heritage of lots of the members make the cloth proper to these focused on valuation, economics, company, administration, accounting and finance, legislation and maritime assurance. This e-book takes an interdisciplinary procedure that cross-cuts all of the above-mentioned disciplines and takes the certainty of highbrow estate valuation to a brand new level.
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Extra info for Intellectual Property Valuation and Innovation: Towards global harmonisation
T]he rule of law at sea. ’ If there was no rule of law in the international maritime context any nation could illegally grab any island or claim any ship proceeding through what a nation could argue was their territorial waters through which no one could pass, destroying all the value created by sea-borne trade. It must be remembered throughout this book that value cannot be created or sustained in a society without the rule of law being the bedrock of the economy, society and business innovation/opportunity.
In firms such as P&G, which has staked a huge bet on the open innovation philosophy with its Connect + Develop approach, this has already meant a shift to engaging a wider, deeper supply base of innovation than was traditional with just internal marketing, approved agencies and R&D as the focus. In a similar vein, 28 Tim Jones Novartis has relocated its R&D headquarters from Switzerland to Massachusetts and is now well plumbed into the local biotech system as a source of new candidate molecules; and the likes of Microsoft, IBM and Intel have all set up research labs in varied locations for specific reasons – for instance Beijing to access the local talent, especially around the field of speech recognition.
Such a short-term approach conflicts with the East Asian and Southeast Asian economic model of competition in that it is based on family and long-term goals. Competition and innovation is often suppressed to keep the family business intact because it supports the ancestors. The attempts by East Asian courts, for example, to avoid litigation and competition may be seen in the equal awards for patent infringement given in the Apple vs. Samsung cases brought to court there mentioned previously. This has been in contradistinction to the biggest infringement case in legal history also previously mentioned between Apple and Samsung in Silicon Valley in which Apple was awarded billions of dollars in compensation from Samsung.
Intellectual Property Valuation and Innovation: Towards global harmonisation by Ruth Taplin