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Patent Strength and Diminishing Knowledge Spill-Overs: The Quest for the Optimal Patent

In: Knowledge Matters

Author

Listed:
  • Andreas Panagopoulos

    (Lancaster Management School)

Abstract

Popular perception views an innovator as operating alone in the monastic solitude of her garage. This view, with notable exceptions, could not be further from reality, as innovations are seldom born in a vacuum. By contrast, clusters and networks of innovative activity are the breading grounds of innovations, a sine qua non, without which new ideas cannot find the nourishment they need, especially in their first stages. This is because no matter how brilliant an innovator is, standing on the shoulders of giants always enhances her viewpoint and ability to move beyond the state of the art. Metaphors aside, clusters and networks provide support to an innovator because they allow her to function having the benefit of knowing what others have already accomplished, through what is commonly known as knowledge spill-overs. Such spill-overs take various forms, word of mouth or academic journals being possible candidates.

Suggested Citation

  • Andreas Panagopoulos, 2008. "Patent Strength and Diminishing Knowledge Spill-Overs: The Quest for the Optimal Patent," Palgrave Macmillan Books, in: Elias G. Carayannis & Piero Formica (ed.), Knowledge Matters, chapter 10, pages 203-219, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-58226-2_10
    DOI: 10.1057/9780230582262_10
    as

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