Question: Below is the information regarding Goodyear case. What is the worst explanation on the case? Goodyear would not fail to capture the value from his
Below is the information regarding Goodyear case. What is the worst explanation on the case?
Goodyear would not fail to capture the value from his innovation under the present patent systems where US patent law has been changed in favor of the inventors' rights and the lack of consistency across countries has been significantly resolved.
Goodyear's failure to capture the value from his innovation is in part caused by the imperfect patent law system in US and the lack of consistency across countries.
Goodyear's decision to commercialize its innovation of vulcanization through licensing can be justified given his situation at the moment even if it turned out to be a failure financially.
Goodyear's decision to diffuse its innovation of vulcanization through exhibition involved the tradeoff on cost of being imitated by competitors and benefits of being adopted by more customers.
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