Everything Quote by Lonnie Johnson
“Large companies can afford to file patents on every idea they have. Small companies, we have to weigh our options, do the research. We have to decide where to place our bets. We can't just cover everything we do.”
About This Quote
Source Interview: Podcast on Innovation, 2019
Large firms can protect every idea with patents, while smaller firms must prioritize and research before filing.
In simple terms: Big firms patent everything; small firms must choose wisely.
Key Takeaway
Prioritize research before filing patents.
Themes
innovation
strategy
resource management
Mood
pragmatic
analytical
Type
business
strategic
When to use this quote
- startup planning
- R&D budgeting
- product development
- market entry
Key Concepts
patent strategy
risk assessment
Questions to Reflect On
- What criteria should a small company use to decide patenting?
- How can limited resources be allocated efficiently?
A Different Perspective
Patents are costly and may not guarantee market success.
