Edison learned in the mid

Edison learned in the mid - Edison learned in the mid-1880s...

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Unformatted text preview: Edison learned in the mid-1880s that he could be on the losing end of court battles and market share despite his winning streak. Once again, this was a valuable and painful lesson about the business world that he applied to his later inventions. From the battles with Joseph Swan, Edison learned that patents were invaluable, but only if they established precedence over the idea as well as the product. He also learned that settling out of court could save time and money for both parties. The battles with Westinghouse introduced Edison to the fight for market share in the most ruthless ways. As he had learned from his experience with Alexander Graham Bell, a patent for a commercially successful product could be circumvented if an inventor could improve on that product in a new and unique way. To be on the opposite end of that principle, however, was a shock. And unlike his experience with Bell, the courts did that principle, however, was a shock....
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This note was uploaded on 12/13/2011 for the course ART 2313 taught by Professor Staff during the Fall '10 term at Texas State.

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