The Power of Real Time Social Media Marketing Essay

The Power of Real Time Social Media marketing - Essay ExampleThe researcher states that for Textile Company, several issues can be unembellisheded or brandmark to correspond that the new development brings positive results to the company. The winner of the new development is on the ability to confess it and make it the property of the company. in spite of the hardships involved in the process of patenting the product, it is necessary for the textile company to realize for the patent before the start of product sales and manufacture. The patent law has several terms that must be understood in order to apply and halt patent easily. The term invention in the patent is too loosely defined as a wide range of objects. Patents in ratified terms may apply to things that do not exist. The legal language is vague in such(prenominal) instances, and the situation may be complex if a legal proceeding occurs when no patent has been obtained. Despite the beauty of the inception, it is vi tal to illustrate the success of patents because some innovation may appear to be human race property if not patented. The failure to patent an innovation may make such public recognize innovations a waste of money and resources especially if not patented on time. The roll out an innovation must be done after the receiving of the patent. For example, the law of relativity developed by Albert Einstein has neer been patented even after influencing the physics world grandly. Such failures could be fatal for a pedigree because it will pertain the earnings of the business. Business needs to patent before starting a massive production of the product such as the success of the coca cola company patents. Patents in the UK modal value industry must be taken because the imitation and copying of product in this sector is super fast. If not patented, the company may lose all the research money and the product money. The power to dispose such invasion is based on the patenting of any pro duct developed by the textile industry. The success of the company will depend on the ability to evaluate the developments and innovation and know their ability to obtain patent. Despite the evaluation, the company must apply for patent regardless of the situation of the innovation because it will drive on understanding of the conditions of patenting. Patenting will help put a check on the competitors by guarding the innovation. However, when the application for patent is the knowledge and idea may be accessible to other members of the business community. The revelation of the secrets will affect the future of the product id the patent was obtained. The success of patenting of the new textile innovation will depend on the level of technology, and the uniqueness of the new product thus facilitates the development of product specification understanding. Action invent Intellectual rights that the company needs to protect before partnerships The development of new products and design requires patenting and protection to ensure that value can be obtained from new innovation. The failure to patent or protects it may not whole lead to loss but also discourage innovation. The small textile company is in redeem because of the minimal capital outlay. Patenting and intellectual property protection is expensive to undertake especially in where the cardinal applications must be made.