Prof. Michael P. Ryan believes that 'revealing is better' since innovation is necessary to economic development and divulgation would be good for the accomplishment of this social function.'
Do you agree? What do you think about that?
Thanks!
Divulging a business innovation as opposed to keeping the secrecy is seen by many, like Prof. Ryan as healthy for economic growth of a company. However, it has its pitfalls. Many thievery firms could steal a person's original concepts and brand it differently. Also, royalties for divulging such business innovations are always below the belt of economic satisfaction by the originator of the business idea/product/service. Thus, in most cases, it is better to hide the business innovation till resources are ripe to actualize it in production. Best regards
Science in a business context is not the same as science as research or in an academic context where different ethics prevail. Hold onto innovations until royalty is settled.
Divulging a business innovation as opposed to keeping the secrecy is seen by many, like Prof. Ryan as healthy for economic growth of a company. However, it has its pitfalls. Many thievery firms could steal a person's original concepts and brand it differently. Also, royalties for divulging such business innovations are always below the belt of economic satisfaction by the originator of the business idea/product/service. Thus, in most cases, it is better to hide the business innovation till resources are ripe to actualize it in production. Best regards
Most patents and trade secrets are owned by corporations which decide how much and when to publish.
Economic views of creativity are focused on three aspects- impact of creativity on economic growth, ways of creating - modeling markets for creativity, and economic creativity maximization (innovation).
A theoretical link between innovation and economic growth has been contemplated since at least as early as Adam Smith. Not only did he articulate the productivity gains from specialization through the division of labor as well as from technological improvements to capital processes and equipment, he even recognized an early version of technology transfer from suppliers to users and the role of a distinct research-development function operating in the economy.
The creation, application and dissemination of knowledge have become a major engine of expansion of economy. Corporations have come to rely more on this tools. It is a practice that has moved from the end of many corporate agendas right to the center of their strategies for leadership and growth. Most industries and sectors are currently experiencing what is called a "Schumpeterian renaissance": innovation in today s world is the main source of competition effectiveness, transformation of society and the economic development.
You need to properly protect your rights and likely commercial benefits that may accrue before divulging. In a fast-paced world, it is also important to do it fast, as somebody may be working on the same solution and overtake you and you lose the rights & claims for your years of hard work.
Thank you very much for the kind insights, fellow scientists.
All the best for all of you.
Prof. A. Hess
I agree with Mr. Dickson Adon that royalties for divulging business innovations are in most cases below the belt of economic satisfaction by the originator of the business idea/product/service. Therefore, it is better to hide the business innovation till resources are ripe to actualize it in production. It is not so obvious if revealing is better for economic development. Without royalties private capital would not invest in innovation since it is very costful. Without royalties the innovation development would be sluggish.
Revealing of secrets, healthy competitions and co-operations are indicators of a healthy society. But, people want to weaken others for own growths, resulting a weak society.
A long has to run, for developing such a good and healthy society, where people are working for development of all and all the society.
Dear Prof. A. Hess,
Genuinely, an innovation is national wealth although it creativity of an individual/s. It needs secrecy cover until it is protected by patenting.
Dear Dr. Hess,
Both can have many benefits and disadvantages.
I think that you can find useful some literature about knowledge protection, like the references below:
Hurmelinna-Laukkanen, P. (2011), “Enabling collaborative innovation–knowledge protection for knowledge sharing”, European Journal of Innovation Management, Vol. 14 No. 3, pp. 303–321.
Lee, S.C., Chang, S.N., Liu, C.Y. and Yang, J. (2007) “The effect of knowledge protection, knowledge ambiguity, and relational capital on alliance performance” Knowledge and Process Management, Vol. 14 No. 1, pp. 58–69.
Kind regards,
Andrea
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