The perceived security of patenting: How patents and open innovation offer benefits to business success

This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.

This briefing is prepared by an independent writer who adds their own impartial comments and places the papers in context.

Do patents hinder open innovation and collaboration? The protective and secretive nature of the patent would suggest that it does. After all, if a company wants to hide or protect a product then, surely, they are unwilling to work with others? Holgersson and Granstrand (2017) look at the role of patents and the motives behind their applications to see if open innovation is being hindered. Ultimately, it seems, patents may stifle innovation to some degree, but the security that they provide actually encourages firms to collaborate with others. By removing the fear of intellectual theft or loss of revenue, patents free-up innovators to work with others to enlarge the market they have just created.

The paper provides strategic insights and practical thinking that have influenced some of the world’s leading organizations.

The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.