Mango Electronics Inc.: Innovating Consumer Electronics Products
a. What is the utilization of Mango's development facilities?
- Cannot be calculated without additional information.
b. How long does it take an average technology to go from filing a patent to being launched in the market as a commercial product?
- On average, 35 months.
c. How many years of patent life are left for an average product launched by Mango Electronics?
- When a product is launched, on average, about 17.08 years of patent life remain.
Answers:
a. Mango's development facilities utilization cannot be calculated without additional information.
b. From filing a patent to launching a commercial product it takes an average of 35 months.
c. When a product is launched, on average, about 17.08 years of patent life remain.
Explanation:
a. The utilization of Mango's development facilities can be calculated by dividing the total time spent on developing products by the total available time. However, without information on how many hours per day or days per week the centers operate, we can't calculate the exact utilization.
b. The average time for a technology to go from filing a patent to being launched is the sum of the average time to file a patent and the average development process. That's 7 months (filing) + 28 months (development) = 35 months.
c. The patent life left for an average product is the total patent life minus the average time from filing a patent to product launch. Considering given patent life is 20 years (or 240 months) and it takes about 35 months from patent filing to market launch, we get 240 - 35 = 205 months, or around 17.08 years.