Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Patterns LLC is a start-up of two engineering students that developed a new tire profile that minimizes the wear and tear of car tires. They
Patterns LLC is a start-up of two engineering students that developed a new tire profile that minimizes the wear and tear of car tires. They want to commercialize this technology, but they do not have their own production facilities or distribution channel. They are also afraid that existing tire manufacturers will copy and innovate around their pattern as it is easily observable.
What is the best commercialization strategy for Patterns LLC?
A) Any of the options is fine
B) Go it alone
C) Licensing the innovation
D) Entering into an alliance
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started