Criticism requested, Adulation accepted, Sincerity appreciated!
 
Wednesday, May 16, 2007
Return on Investment
There are companies big on patents and IPRs (Intellectual Property Right). Say, they also have product divisions.

Now, in order to encourage its employees to come out with new useful innovative ideas, the company pays a certain amount of money to an employee for each patent filed. Pretty neat. But unfortunately this does not take into consideration whether the patent filed is useful or utterly useless. When I say useful, I mean whether it results in any revenue to the company or not. Hence this results in employees just trying to file patents rather than work towards genuinely useful and resourceful patents.

Now let us put it in the perspective of a product. I say, each employee who worked on a product that is successfully completed should also be provided with certain monetary benefits irrespective of whether the product sells or not. But that does not happen. The employees working on a product are rewarded only when the product sells.

Do you think this is fair? I think this is BULLSHIT! Just the way an employee working on a product is acknowledged only when the product sells, the one who has a patent should also be kept in the same boat. If the patent generates revenue, the employee gets the pocket money. If not, I'm sorry.

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posted by bachi 22:05   0 comments
 
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