Clearly state five business reason to justify why these majo

Clearly state five business reason to justify why these major IT firm form Rock Star consortium

Solution

Firstly you should know what is Rockstar Consortium, Basically Rockstar Consortium is association of two or more individual companies / organizations with the objective of participating in a common activity or pooling their resources for achieving a common goal.

Major IT firm formed Rockstar Consortium because of following reasons:

1. Rockstar consortium was formed to negotiate licensing for patents acquired from the bankrupt multinational telecommunications and data networking

2.Rockstar consortium is not engaged in making money, but it is about raising costs for rivals.

3. Rockstar consortium makes strategic use of the patent system’s problems for competitive advantage.

4. Rockstar consortium allows big producing companies to do indirectly what they cannot do directly for fear of exposure to expensive counterclaims.

5.Rockstar Consortium produces no products and practices no patents, they employs a staff, who reverse-engineer other companies successful products to find anything that Rockstar consortium might use to extract licenses to its patents under threat of litigation.