Tesla Shares Innovation With Supplier, But Struggles To Keep Secrets

Tesla Sues A Major Supplier For Patenting Their Invention.

Thank you to Prof. Dr. Alexander J. Wurzer  Director IP Management Training for curating this excellent podcast on the importance of trade secrets and how it fits into strategy.

You cannot innovate in isolation and working with partners and suppliers is crucial in this, but how do you do it without losing your innovation?

Elon Musk (“patents are for the weak”) is suing Tesla supplier Matthews for patenting one of Tesla’s trade secrets!

They were working together on dry electrode battery technology, to make them cheaper and greener.

Balancing the need to collaborate with need to protect your trade secrets requires careful planning and ongoing assessment throughout the programme.

Trade secrets and patents work together with contracts, culture, training and strategy (eg speed) to protect such valuable and sensitive information.

How to use strategy and IP law to stay ahead?

Know your options weigh the risks and benefits, then make informed decisions.

https://ip-management-voice.podigee.io/#latest-episode-player

I am John Pryor, making IP accessible and valuable for your business.

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I am a strategy consultant focussed on intellectual property and dedicated to helping people and business to make the best use of all available IP to compete and win in the marketplace.

My aim is to increase people’s understanding of Intellectual Property, so that they can successfully and cost effectively use it in their business, to help achieve a higher valuation.

Book: The Innovation Handbook, 2nd Edition 2010. chapter:  How to maximize the value of your intellectual property.

ABOUT MY YOUTUBE VIDEOS: In these videos I explain some of the most important aspects of intellectual property in ways that make it relevant and accessible to business people.

The Benefit of Hindsight Upfront^TM

Innovation Without IP Is Charity

IP Provides Defence From Unlicensed Offence Leads To Secure Revenue. The Best Defence Is A Good Offence.

Intellectual Property Is A Business Construct To Enable The Sharing Of Ideas And Other Creations Of The Mind

A Strong And Integrated IP Strategy Puts You On The Front Foot In All Commercial And Financial Interactions

IP Supports Competitive Advantage, Drives Growth, Maintains Cash Flows, Secures Investment, Provides Monetisation Opportunities

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