Eulogy Of George

Business requires astute decision making. There is not any other way around the business circles. Very technically gifted persons have joined the business and failed miserably, failing to make a similar mark to the one they made in their professional fields. George comes out as a great talent in his area but his attempt in business turns into misery. He failed with a thud. He used all he had in his means but never made it past a novice business person. It is utterly frustrating with all the energy and resources he might have tried to put into the business. Despite making a good living from leasing his technologies, the attempt to join the fray himself was one he would wish to forget as soon as possible. There are a number of factors that
For a novice, it is only wise to start a business that sells and end product that comes from another company. However, George started from the ground. He began by setting up the producing facility that would make the hydrogen-producing devices and sell them. In the course of business, he is still willing to partner with willing organizations in different terms. The technical prowess of George seems to follow him in the area of being in possession of ideas. He has a bulk of them. However, implementing them is a challenge. He needed to have a proper sequence of the ideas before putting any into
As an innovator, he is a person who can be said to possess intellectual property. Under legal guidelines, intellectual property is protected by the patents and copyrights. The innovator has every right associated with that property. More and more innovators are seeking services of consultants on the risks and opportunities of licensing out their technologies. It is important for them to understand both so that they can make the best decisions in the market. Risks put the licensee in a tricky and awkward position, while opportunities help one benefit from their innovation (Ghosh & Saha, 2007). Confidentiality is critical in any innovation. However, it is lost immediately one gets into a contract with an organization through licensing. The company gets the nod to use the technology and it is then shared with a number of people involved in the process. It puts the business at a risk that the innovator has control over. The more people who know about the technology, the higher the chances that any cover that makes the piece of innovation unique, may be blown up (Ghosh & Saha, 2007). The person left to suffer is the owner of the