Remove Company Remove Competition Remove Development Remove Patents
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6 Key Rules To Stay Competitive In The Digital World

Startup Professionals Musings

In case you hadn’t noticed, the key elements of a competitive advantage for your business have changed as businesses move online, and your domain is instantly global. As a business advisor, I have to recommend even to established companies that they review and revamp their competitive strategy now, even if it appears to be working today.

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Hire for your core. Partner for the rest.

Berkonomics

Every business has an intellectual foundation where the CEO’s knowledge and vision create a barrier to entry that deflects some or much of the potential competition. Patents, branding, marketing and more. Or we do so with brilliant research and development, highly trained sales forces, large advertising campaigns, or secret processes.

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10 Keys To Real Innovation In Your Next New Business

Startup Professionals Musings

In my experience, finding real innovation in existing company environments is even tougher. Business risks are not just development risks. Creating intellectual property, including patents, is the kay to long-term value and a sustainable competitive advantage. Value creation. Accountability. Reward your people.

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Intellectual Property – Worthless To A Startup, Priceless To A Big Dumb Company

InfoChachkie

However, to a Big Dumb Company (BDC), a startup’s IP is a thing of beauty. Patents held by startups generally have a limited ability to reduce competition. The average time required to obtain a patent is 36-to-40 months, during which there is no guarantee your adVenture will ultimately receive patent protection.

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Bumble Countersues Tinder's Parent Firm, Match Group

socalTECH

Female-first dating app developer Bumble has countersued Match Group , the parent company of Los Angeles-based dating app developer Tinder , alleging theft of trade secrets, fraud, unfair competition, and more, and seeking $400M in damages. The lawsuit was filed in U.S. District Court in Dallas County, Texas.

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6 Lessons Most Entrepreneurs Only Learn On The Street

Startup Professionals Musings

You alone will never find enough hours in a day to keep with all the challenges of sales, support, and scaling the business, in addition to developing and delivering your solution. Your leadership skills do not develop without effort. Intellectual property is required for a competitive edge.

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Your Product Needs to be 10x Better than the Competition to Win. Here’s Why:

Both Sides of the Table

He was a life-long entrepreneur and the first business he created out of college (actually, he founded it while he was at Caltech) was a company that manufactured high quality audio speakers. So he launched a company with exclusively paid search. They were a juggernaut and Google was a small company. Overture was sold to Yahoo!