Licensing Notes: Definitions & Explanations PDF | Download eBooks
Study Licensing lecture notes PDF with strategic management definitions and explanation to study “What is Licensing?”. Study licensing explanation with strategic management terms to review strategic management course for online MBA programs.
Licensing Definition:
An organization gives another organization the right to make or sell its products using its technology or product specifications.
Management by Stephen P. Robbins, Mary A. Coulter
Licensing Notes:
A permit or licensing is an official consent or grant to do, use, or possess something (just as the report of that authorization or license). A permit can be conceded by involved with another gathering as a component of an understanding between those gatherings. A shorthand meaning of a permit is "an approval to utilize authorized material." specifically, a permit might be issued by specialists, to permit an action that would somehow or another be illegal. It might require paying an expense or demonstrating an ability. The prerequisite may likewise serve to keep the experts educated on a sort of action, and to offer them the chance to set conditions and constraints. Protected innovation authorizing assumes a noteworthy job in business, the scholarly community and broadcasting. Strategic approaches, for example, diversifying, innovation move, distribution and character marketing altogether rely upon the authorizing of protected innovation.
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