Business owners and protecting the fruits of embracing change

On behalf of Kaufhold & Dix Patent Law posted in Patent Law on Wednesday, August 30, 2017.

For business owners, change can sometimes be a scary thing. There are all kinds of fears and concerns an owner may have in relation to making big changes in the way their company operates.

However, while change can be intimidating, embracing change can sometimes prove incredibly important for a business. The marketplace can be a constantly shifting place. When companies cling to what they’ve always done and don’t adapt to changing circumstances, they could end up at a big disadvantage. Openness to change, on the other hand, could open up opportunities for a business.

A Huffington Post article noted some of the things embracing change could help a business with, including:

• Strengthening their company’s reputation.
• Staying relevant to their customers.
• Gaining an edge over competitors.

When a company takes efforts to embrace change, many things could impact what effects such efforts have for the company in the long-run. One is what steps the company takes to protect innovations that come out of such efforts.

Sometimes, an openness to change leads to a company coming up with a new invention or some other innovation. One fear a business owner may have when their company develops such an innovation is that competitors might copy the innovation, thus limiting the competitive edge the innovation could provide their business. One of the things that could provide protections against such copying is getting an innovation patented. Various things can impact whether a given innovation is patentable. So, when efforts to embrace change lead to innovations at their company, it could be important for a business owner to get guidance on whether pursuing patent protection might be able to help their company get the chance to enjoy the full benefits of these innovations.