When people are looking at different business strategies, one thing they have to realize is that there is value in each of them. Some of the most innovative businesses have come from business strategies that are least expected. One thing that this has shown is that it is not necessary to be a loudmouth or social butterfly in order to make a mark in this world. Chief Operating Officer of NICE Global, Paul Herdsman himself would agree that in some cases, all that is needed is an idea in order to greatly influence an industry. For instance, the intellectual property strategy has influenced even the entertainment industry. Learn more about Herdsman’s business strategies on 12 Success Tips for Entrepreneurs From NICE Global CO-Founder Paul Herdsman.
One example that Paul Herdsman is aware of is Dolby. Dolby is a famous household name. As a matter of fact, many audio appliances have the name Dolby on it. One of the reasons behind this is that the owner of Dolby has influenced sound in many different ways. One of the most important things the company has done is implement noise reduction technology. While some would say that Dolby was responsible for multi-channel sound, multi-channel sound has been around long before the company was founded. However, Dolby was also responsible for the advancement of sound technology for entertainment. See This Article for more information.
One thing that an entrepreneur is going to do when it comes to intellectual property is protect their property. One thing that they don’t want is for someone to steal their ideas and make money off of it. This is something that happens more often than people would like to think. Paul Herdsman himself is aware of the frustration and tragedy that comes with having to deal with intellectual property theft. One thing that can help is if people do everything they can to claim their intellectual property which can come in the form of a copyright or a patent.
Related link: https://www.crunchbase.com/person/paul-herdsman