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3 discussion questions and participation questions I will post a couple more later. thanks - Essay Example

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In order to protect tangible property rights managers have to be very secretive about the processes company’s utilized in order to create a product or service. Another initiative that can help protect tangible property rights is to include messages in the packaging about the…
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3 discussion questions and participation questions I will post a couple more later. thanks

The best way to protect intellectual property rights is for managers to utilize a mechanism called patents. A patent is a special type of license that protects your intellectual property rights up to 20 years. An industry that depends on protection for its survival is the pharmaceutical industry. Patents are a way to pay justice to investors or companies that believe in innovation. A pharmaceutical company can take up to 16 years and upwards of $800 million to develop a new drug.
Managers have to establish control mechanism in order to protect tangible and intellectual property rights. For example the research and development people should work in an area separated from the rest of the staff. The internal security of the building is also important. A way for a corporation to improve its security is by installing various cameras around the building. Performing trimester audits can help increase the accountability of the managers and workers of an enterprise.
The OSHA Act protects all parties that participate in the corporate world. Safety is something that companies cannot forget since we are dealing with the well being of human workers. If an Act such as the Occupational Safety and Health Act would have existed in India in 1984 the tragic events of Union Carbide which killed thousands of people may have been avoided. The government has to establish responsible regulation to protect workers from being the victims of abusive behavior to their patrons.
The Family Act you mentioned is a very governmental initiative because it protects the basic right of people when they needed the most. A major illness to a family affects people emotionally which can hurt their profitability at work. An interest fact you mentioned in your post was that employer are obligated to place an ASHA poster visible to the employees. I believe a lot of companies may be violating this regulation. At my last place of work I did see such a poster anywhere in the building.
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