Is Trade Secret a Good Strategy? A Trade Secret Assessment

Is Trade Secret a Good Strategy? A Trade Secret Assessment

ByBizMan

The most widely identified Trade Secret is, of course, Coke Cola. (The original formula included caffeine and cocaine – thus the name – but that is a different discussion!) In 1903, cocaine was removed, leaving caffeine as the sole stimulant ingredient, and all medicinal claims were dropped. But the Coke-a-Cola trade secret lives on. Sections below:  Most Widely Acknowledged Trade Secrets.  Our Trade Secrets Assessment Tool. Trade secrets definition and law (UTSA). Most Widely Acknowledged Trade…

The Patent KING: IBM for 28 years
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The Patent KING: IBM for 28 years

ByBizMan

IBM is again the leader in patents issued. That’s 28 years and running.  IBM had 9,130 patents issued in 2020, compared to the next highest, Samsung with 6,416.  There’s about 15 electronic and manufacturing companies with 2,000 to 3,000 patents issued. Note that all the top 10 are electronics and/or chip makers.  Forbes has a nice article by Roberts about the top 20 patent recipients of 2020.  Apple, the largest company by market cap ($2.1T),…

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Stop Gaming GameStop, Robinhood. Hold em, or Fold em?

ByBizMan

What’s up with the Stock Market(s)? Feb 8, 2021 the various stock market indexes all hit all time highs. Wow. First off, Trump was very business friendly – some would argue too business friendly (at the expense of the environment and labor. But the market has chugged happily upward based on the likelihood of a Biden win and the certainty of it after the election. Markets don’t like uncertainty, and Trump has been a wildcard…

Invest in the Future of Self-Driving Cars and EVs

ByBizMan

When you look at the future of cars (and trucks) there’s a couple things that you can learn from the Jetsons. Yes, the cartoon characters of the future. Self-driving. Not limited by Gravity.  There are several things that would be reasonable to expect in the future of autos: 1.     1.      Huge computing capabilities.2.       Mountains and mountains of data.3.       Lots of sensors.4.       Vehicles that can talk to each other, directly and indirectly. Kind of…

Putting Pen to Paper with Patent Innovation

ByBizMan

When you think about images of the first writing instruments, you envision charcoal, paint brushes and quill pens. The image of Shakespeare dipping a quill pen into an ink well come to mind. The ink smeared, it blotched and it took time to dry. You know the sign of a writer by the ink all over their hands (and their poverty, of course). The poverty part is still true, about the starving writer, right? There…

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Strategic Planning for Small Businesses and Non-Profits

ByBizMan

Every business needs to do planning and reporting. The trick for each organization is to do the right amount of planning. You can’t spend all your time planning, and you can’t completely avoid planning. Ideally you should work the planning process around the reporting and accounting that you have to do anyway: mainly tax reporting that culminates at the end of the tax year. The approach visualized in Figure 1 organizes your year so you…