Working smart: Protecting and exploiting innovation through patents.

Business North CarolinaVol. 21 Nbr. 8, August 2001

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Working smart: Protecting and exploiting innovation through patents.

According to the old adage, there are two ways to get ahead in business -- working hard and working smart. Globalization, and in particular the global labor market with its low-cost offshore manufacturing opportunities, makes gaining a business advantage by working harder an increasingly difficult prospect. That leaves working smart.

Federal Reserve Chairman Alan Greenspan, along with many economists, has attributed the recent unpreced...

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