Complex Innovation Strategies and Patenting Behaviour
Peeters, Carine van Pottelsberghe de la Potterie, Bruno
Peeters, Carine
van Pottelsberghe de la Potterie, Bruno
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Book Chapter
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2006
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Book
Economic and Management Perspectives on Intellectual Property Rights
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Abstract
In the last decades, with the rise of innovation as the engine of growth for firms, sectors and nations, patents have gained a central place in business and policy debates. The primary objective of a patent is to provide a legally enforceable protection against imitation to any invention that can demonstrate a sufficient innovative step and that satisfies the criteria of non-obviousness and industrial application. In that sense, the observation of a patent obviously witnesses the presence of some kind of innovation. But patents do not only serve as a protection mechanism. They are also highly valuable strategic tools for firms seeking to develop strong technological positions and build competitive advantage. Patents as defenders of a firm’s innovation rents, and patents as builders of a firm’s technological and competitive position, both perspectives justify the interest in deepening our understanding of what determines a firm’s patenting behaviour.
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48 Law and Legal Studies, 4806 Private Law and Civil Obligations, 35 Commerce, Management, Tourism and Services, 3507 Strategy, Management and Organisational Behaviour