Case Study Coursework Example | Topics and Well Written Essays - 1250 words

Case Study - Coursework Example Since they would not have any legal right to make improvements on the catalytic exhausts for the reason that they are not the manufacturers, their proposal can gain momentum if it is opened to public debate whose influence can motivate positive response since it would be a good thing to the environment. However, the main disadvantage would be that the manufacturers may just copy the idea for refinement then refuse to have such changes on their product. (b) Another alternative to patent the idea then licence the product to an existing manufacturer would be the most viable option. One main advantage would be that they would not face much hassles with regards to procurement of an operating licence since they would be partnering with the manufactures of the product hence they would not require a big deal on licensing one main disadvantage would be that they may not be able to enjoy the benefits of their discovery as they maybe sidelined to positions of second or third party by the manufactures. (c) They may set up a company and manufacture and market the product themselves. Well, in the event that they manage to do this, this would be the best option of all since they would have overall responsibility of their product and would be in full control of the whole business. However, the main disadvantage would be that of copy right laws. This would not be their invention hence would need to fulfil the requirements of the law with regards to copyright. 1.2 (i) The main corporate objective goal would be the ability to meet reputable standards in the manufacturing industry. In fact, the main goal would be competence to produce quality products in the market. (ii) The financial strategy would need to take into consideration the injection of operating capital that would enable the organisation to realise some profit as well as the ability to cover the