Intellectual property | BUSI 561 – Legal Issues in Business | Liberty University

Topic: Intellectual Property

Intellectual property is a significant asset for most companies. Patented products and processes are often the basis of a company’s reason for existence. IP must be managed and protected in line with the fundamentals and mission of a company’s business.

Thread Prompt:

For this discussion board, respond to the 3 questions in the Business Ethics Flashpoint 8.1 in your text. Your response must explain how you balance the interests at stake, including:

How should a for-profit corporation balance its business needs with the needs of its customers?

Lives depend on products created by some companies. Do these companies have a greater responsibility to work towards benefitting the consumer more than themselves?

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 balance the interests at stake, including:

Creator v. Consumer in the creation and management of intellectual property

Profit and return on investment for company owners/shareholders

Continuing existence of the company

Protecting intellectual property of the company

Needs of patients, practitioners, and society

See, e.g., Fitzgerald, M. (2019, August 19). The CEOs of nearly 200 companies just said shareholder value is no longer their main objective. CNBC. https://www.cnbc.com/2019/08/19/the-ceos-of-nearly-two-hundred-companies-say-shareholder-value-is-no-longer-their-main-objective.html

Biblical support and guidance for your positions

Any other legal and ethical concepts you believe may be relevant

Your thread must be at least 1,000 words and be supported with a minimum of 3 scholarly sources other than the course textbook and materials, with current APA citations.  A Biblical worldview must be integrated.

Reply Prompt:

Reply to the threads posted by 2 classmates who supported a different balance, or used a different rationale than you did on at least 1 of the issues under discussion. Identify the points of difference in your analysis and explain how your application of the relevant law to the facts of this situation led you to a different conclusion.

Each reply must be at least 450 words and supported by 3 scholarly sources other than the textbook/course materials. Each source must be properly cited in current APA format.