Wright Brothers Flashcards
1
Q
Open innovation
A
- common in software industry
- no intellectual property rights
- previously available but idiosyncratic knowledge and transformed it into knowledge that is commercially viable
2
Q
What was their motivation?
A
- not monetary gains
- wanted to overcome technical difficulties associated with flights
3
Q
Proprietary Innovation
A
- patent in 1903
- because wanted to recover their personal costs and fund further experimentation
- no other alternative as secrecy impossible
- in 1916: required other manufacturers to pay 10% royalty
- destructive side of patent wars: resourced moved from productive use to patent litigation
- in 1917: NACA solution: cross-licensing agreement (2 million each in exchange for authorizing patent to general use)
4
Q
Wright Brothers
A
- no degree, amateur engineers
- did not participate in contests
- problem of planes was balance, they patented their wing-warping idea –> monopoly over all flying machines
