It is very common for companies to work with their customers or suppliers in developing products. For example, if you are a supplier, you may work with a customer to provide a component that fits and meets the needs of that customer’s products. The auto industry is full of these types of interactions. A supplier…
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So, you hired a brilliant engineer to design a new medical device for your company. He used your computers, your staff, your vendors, your testing equipment, and developed it on “company time.” He received the salary that was agreed-upon for his efforts. The device looks promising. It could be a real game-changer. Realizing this, your…
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