Intellectual property regimes and firm strategy: putting Hall and Ziedonis (2001) in perspective

Rosemarie H. Ziedonis

doi:10.1108/S0742-3322(2009)0000026014

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Advances in Strategic Management

ISSN: 0742-3322
Series editor(s): Professor Brian Silverman

Subject Area: Strategy

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Intellectual property regimes and firm strategy: putting Hall and Ziedonis (2001) in perspective

Document Information:
Title:	Intellectual property regimes and firm strategy: putting Hall and Ziedonis (2001) in perspective
Author(s):	Rosemarie H. Ziedonis
Volume:	26 Editor(s): Jackson A. Nickerson, Brian S. Silverman ISBN: 978-1-84855-486-3 eISBN: 978-1-84855-487-0
Citation:	Rosemarie H. Ziedonis (2009), Intellectual property regimes and firm strategy: putting Hall and Ziedonis (2001) in perspective, in Jackson A. Nickerson, Brian S. Silverman (ed.) Economic Institutions of Strategy (Advances in Strategic Management, Volume 26), Emerald Group Publishing Limited, pp.313-340
DOI:	10.1108/S0742-3322(2009)0000026014 (Permanent URL)
Publisher:	Emerald Group Publishing Limited
Article type:	Chapter Item
Extract:	Scholars of business, economics, and law have long recognized that rights to intellectual property (IP) intimately shape innovative activity and the pursuit of profits. More than 60 years ago, Michal Polanyi voiced the following concerns about awarding property rights to creations of the “intellect”:The law…aims at a purpose which cannot be rationally achieved. It tries to parcel up a stream of creative thought into a series of distinct claims, each of which is to constitute the basis of a separately owned monopoly. But the growth of human knowledge cannot be divided into such sharply circumscribed phases. Ideas usually develop gradually by shades of emphasis, and even when, from time to time, sparks of discovery flare up and suddenly reveal a new understanding, it usually appears that the new idea has been at least partly foreshadowed in previous speculations. (Polanyi, 1944, pp. 70–71)