Monday, May 21, 2012

Innovation vs Competition!

Innovation only comes with motivation. No matter what, undeniably ,innovation is an investment and not Philanthropy. Motivation comes when people realize the need of the market. And for innovation, first priority is to seek for the monetary investments. And whats the point if there are no returns in terms of royalty, share or license. The only problem is some following lack of Ethics in Business, just to succeed in competition.

Therefore, there is stifle in competition and not in innovation.
The M&A or takeovers are present in every industry. Its not just confined to Software and Patents.The law itself provide remedies like compulsory license, patent revocation etc. in case of patent infringement, trying to monopolize the invention in the market or non use of Patents. One of  the excellent advantage of Patent is that if any inventor is not interested in commencing business of his own, he can still get returns from Royalty, through License or by selling. This creates more motivation within him to invent something more. 

So my individual opinion is people should work harder in creating more ethical and transparent environment in conducting business in this cut throat competition. The revenue of Software industry especially web based should not depends only on advertisements.
 

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