Sharing and/or Protecting Knowledge: Balance

S

selena15

#1
Hi Covers

I've discussed with one friend about why some company, master in their activities seems to neglect huges projects and i was suprised to hear him telling me that sometimes; company prefer to avoid to go into some project if it is any risk that their knowledge or specific technology on this activity can be transfered to third party and hence they lost their knowledge or high technology privilege or advantage towards to competitiors

and my questionis how the balance between sharing knowledge and protection of the own technology is taken into consideration during the business deals ???

Thanks in advance
Selena
 
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Pancho

wikineer
Super Moderator
#2
Hi Covers

I've discussed with one friend about why some company, master in their activities seems to neglect huges projects and i was suprised to hear him telling me that sometimes; company prefer to avoid to go into some project if it is any risk that their knowledge or specific technology on this activity can be transfered to third party and hence they lost their knowledge or high technology privilege or advantage towards to competitiors

and my questionis how the balance between sharing knowledge and protection of the own technology is taken into consideration during the business deals ???

Thanks in advance
Selena

Selena,

Every company must have certain assets that are different from competitor's and provide an advantage against them. These differentiating assets may be tangible or intangible, and often are not on the balance sheet. Great location, access to capital, low costs, patents and unique knowledge are some of them.

Many differentiating advantages are not easily duplicated. But if a company's differentiating advantage is unique knowledge, then the advantage is lost if the knowledge becomes widely available. So companies must take steps to protect their unique knowledge: what they do is write confidentiality and non-compete clauses in their contracts. Contracts with such clauses are not only for potential clients or partners, but also for suppliers, employees, consultants, etc.

Now, if a project demands that you share your unique knowledge and there is no effective way of enforcing a protective contract, as may happen in some countries, then the company would be smart to walk away from such project.

In some cases you may even want to walk away even if you could enforce a contract.

In summary, you should evaluate not only the project: You have to weigh the [reduced value of your now not-so-secret technology added to the project's value] against [the value of your technology without the project].

Hope this helps. Cheers!
Pancho
 
M

machrk

#3
:agree:

hi Pancho

your comments are too true sadly

currently I am spending time with my physio (femoral nerve reminding me that it exists)

anyway my physio was sharing how another patient was involved in a bid for a joint venture on a mining project in Middle East - they decided project from their perspective was not viable and also feared their IP was at risk

too sad isn't it

Kerrie aka machrk

ps how is that (Philly) Cheese Steak shaping up ?
 

Pancho

wikineer
Super Moderator
#4
currently I am spending time with my physio (femoral nerve reminding me that it exists)

anyway my physio was sharing how another patient was involved in a bid for a joint venture on a mining project in Middle East - they decided project from their perspective was not viable and also feared their IP was at risk

too sad isn't it

Kerrie aka machrk

ps how is that (Philly) Cheese Steak shaping up ?
:bigwave:

hi KerrieAnne!

Yup, too sad. We too have had to turn down an enticing project occasionally for this issue. Most sales type projects do not give us problems, but when a client demands a local JV, it is then that we have to be very careful.

No cheesesteak for another 10 days, but, coincidentally, just now I'm enjoying a chorizo on bolillo at Barajas. Mmmm...

Hope that femoral nerve doesn't get too uppity. Get well!

Pancho
 
S

selena15

#5
Hi Pancho; & Machrk
how are you doing ?
thanks for your reply and explanation
kind regards
 
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