Assignment: Intellectual Property
Length: 1,000 words.
Acceptable sources include books, legal and business journals, legal cases, the law (cases, statutes, regulations, etc.), the Bible, biblical commentary, etc. Dictionaries and other web sources that lack scholarly support are not acceptable sources. Any sources cited must be current to the issue (e.g. Bible commentaries may be applicable from any age, but articles discussing current legal or healthcare practices may no longer be relevant after 5 or 10 years).
A well-developed, complete worldview analysis of the situation requires more than simply adding a Bible verse at the end of the post. Each thread must include at least 2 separate verses from Scripture, quoted and applied as an integral part of the discussion of the applicable issues in the context of a biblical worldview. Each reply will include at least 1 Scripture verse integrated in the same manner.
Intellectual property (IP) is a significant asset for most companies. Patented products and processes often enable the company's very existence. IP must be managed and protected in line with the fundamentals and mission of a company's business and with the requirements of IP law.
Review Business Ethics Flashpoint 8.1: Creator/Consumer Balance (located at the bottom of the ebook section on intellectual property, on page 183). This section of the text portrays negative actions by pharmaceutical and healthcare companies, but there have also been positive examples during the COVID-19 pandemic as companies set aside competitive interests to provide testing, equipment, and research in a more collaborative manner.
In your assignment, respond to these questions posed in Flashpoint 8.1:
o How should a for-profit corporation balance its business needs with the needs of its customers?
o Lives depend on products created by some companies. Do these companies have a greater responsibility to work towards benefitting the consumer more than themselves?
o Look at the issue from a Biblical worldview. How would you respond if you were running such a company?
Your thread must explain how you achieve the creator/consumer balance, considering, e.g.,:
o Profit and return on investment for company owners/shareholders
o Continuing existence of the company
o Protecting the intellectual property of the company
o Needs of patients, practitioners, and society.
Format your assignment according to the following formatting requirements:
o The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
o The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
o Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.