Executives Need Advice Too – To Stay Ahead Of Competition: Peer To Peer Groups Help Them Learn The Growing And Shifting Business Focus
A company’s strategy is the game plan business owners and management use to position their organization in its chosen market area, to compete successfully, satisfy customers, and achieve good business performance.
Nonetheless, business managers need to review their marketing plan that outlines their marketing strategy for the coming year. The best marketing plans can be learnt in Top5optimizers that provides you with and premium and confidential channels where you can connect with global online community of great leaders and executives and get exposed to varied results that’s needed to achieve real results.
Top5Optimizers groups include top CEO’s, business executives, and established entrepreneurs as well as struggling business owners and those just getting started in business. These forums can help you with addressing your Business and Marketing goals and and open questions
- Supply Chain Management
- Digitization Of Business Process
- Marketing Metrics That Matters
- Important Company Milestones
- Facts About Branding
- Employee Anecdotes
- Strategic Growth Plans
In this article we're going to discuss the tricky aspect of marketing strategy when applying for a patent.
Getting a patent is a tricky process under normal circumstances. Under laws of the United States a company or person is entitled to a patent unless the invention was on sale in the country for more than one year prior to the application date of the patent. This applies to both sales and offers of sales. Therefore, companies conducting marketing campaigns must be careful not to destroy their patent rights. In a perfect world, application for a patent should be filed before any sales begin. But then that would hurt the company's bottom line because that ultimately puts profits on hold. In a competitive marketplace this could spell disaster for the company.
Therefore, it is important for a company to understand just what it is that starts the one year clock ticking. In other words what can they do and what can't they do in order to avoid their product being put on the timer?
In order to answer that question we have to understand what exactly, according to law, starts the clock running. There are basically two conditions. The first one is that the invention must be ready for patenting at the time of the sale. If it can be shown that the inventor had sufficient drawings that would enable another person to use the invention then this would satisfy the first criteria.
The second criteria is that there has actually been an offer for sale. In other words, the inventor or company that owns the invention approaches another company and offers to sell them the invention. This can either be in the form of a letter to the other company or in an actual physical meeting between the two companies. Usually the meeting follows a letter.
In the form of a letter the owner of the invention will usually draw up a letter stating that they have such and such an invention and go on to say that they feel this is something that would enhance their business. In the letter they would describe what the invention does and how it would help them. They would then ask the other company to get back to them if interested.
When it comes to the meeting the inventor will bring drawings of his invention and present them to the company interested in acquiring the invention. Maybe the inventor even has a working prototype he can show them. This is always a plus. Companies actually like to see that the invention they are interested in works.
Where the law comes in, and this is where inventors can delay the clock, is that the following items do not fall within the two criteria. Solicitation of customer pricing information from distributors and sales representatives; publication of preliminary data sheets and promotional information on invention features; communications to sales representatives; sales representatives providing customers with preliminary data sheets; and sales representatives' requests for customer samples.
Therefore, an inventor can engage in any of the above activities and NOT start the one year clock running. This allows the inventor to get as much preliminary leg work done for his patent without actually "technically" starting the process.
This is important information for any inventor to have if he is trying to gain as much ground in his quest for a patent as possible.
Executive peer group is a social group that consists of selected individuals working at similar managerial position in the corporate world and entrepreneurs running their own business.
Irrespective of what background you are in an efficient management is the key to success. That’s nearly impossible if you try to everything yourself. Thus, at Top5Optimizers we advocate learning from others especially in field such Business Development, Supply-Chain management, Finance management, HRM, CRM. Some of the characteristics of our focus group include shared passion, interests and preferences for business success activities. Peers within our groups identify with one another to develop a sense of identity and a positive self-concept.
How To Create A Brand Strategy: Unique Digitizing Services
There are various factors involved in effective business management, for example, logistics, automation, perfect coordination. But, there is always a scope for improvising the process. When your business witnesses growth, you must find ways to streamline planning processes for improving output.
To resolve daily business issues, organizations should implement best management practices. We strongly believe companies should focus on collaboration rather than competition. Good collaboration among top management and stakeholder helps clients, their buyers and vendors reduce expenses. As an efficient, confidential, global and safe collaboration provider we ‘the Top5Optimizers’ could be very vital to your business success.
Top5Optimizers Is More Than Just A Strategy Advisor