How would you address the issues of protecting your ip

Assignment Help Corporate Finance

Reference no: EM133525429

Assignment: Business and Finance Paper- Intellectual Property Priorities

Intellectual property (IP) is a significant asset for most companies. Patented products and processes often enable the company's very existence. IP must be managed and protected in line with the fundamentals and mission of a company's business and with the requirements of IP law.

Review Business Ethics Flashpoint: Creator/Consumer Balance (located at the end of the e-book section on intellectual property, on page 196 (E-book p. 82)). This section of the text portrays negative actions by pharmaceutical and healthcare companies, but there have also been positive examples during the Covid-19 pandemic as companies set aside competitive interests to provide testing, equipment, and research in a more collaborative manner.

The primary balance remains the same: the rights and interests of the creator of the intellectual property compared to the needs of the consumers of the product.

Task

If you were the CEO of a pharmaceutical manufacturer that had spent many years and millions of dollars in creating, developing, testing, and getting government approval for a new drug, how would you address the issues of protecting your intellectual property while meeting the patient/public needs for that drug?

Consider, e.g.:

1. Profit and return on investment for company owners/shareholders
2. Protecting intellectual property of the company
3. Needs of patients, practitioners, and society
4. Biblical support and guidance for your positions
5. Any other legal and ethical concepts you believe may be relevant.

Reference no: EM133525429

Questions Cloud

Propose to support edrmc with the early warning : Refresh and develop a memorandum of understanding for the day-to-day functions of the TC and Develop an operating plan in alignment with the vision, objectives

Discusses what self-leadership means : Discusses what Self-Leadership means to them and how they can incorporate it into their leadership model while leading project teams.

Determine the break-even point of homeowner water filtration : Determine the Break-Even point of homeowner water filtration system. (Your calculations must be based on estimates of your sales (price x quantities)

What is your solution to the ethical dilemma : What ethical principles apply in this case? What is your solution to the ethical dilemma? What is the right thing for Margo to do?

How would you address the issues of protecting your ip : How would you address the issues of protecting your intellectual property while meeting the patient/public needs for that drug?

Explain the financial implications of the assigned topic : Explain the financial implications of the assigned topic to healthcare organizations. Discuss at least two strategies related to your assigned topic to minimize

Provide the income statement starting with net income : Provide all necessary income tax related journal entries for 2025 and 2026 assuming the benefit relating to the 2025 loss carry forward can be fully recognized.

Expectations of this legislation is operationalized : How would you ensure the principles and expectations of this legislation is operationalized, evaluated and confirmed as complete and thorough?

What investment rate must the trust earn to break even : The local government will give the trust $2,000,000 to pay for this annuity. What investment rate must the trust earn to break even on this arrangement?

User Account

All Pages