A maximum of 5 years can be restored to the patent. In all cases, the total patent life for the product with the patent extension cannot exceed 14 years from the productâs approval date, or in other words, 14 years of potential marketing time. If the patent life of the product after approval has 14 or more years, the product would not be eligible for patent extension.
It overcomes. disbelief that there are, by example, other ways of achieving and creating. overall enhancement of an organization (Fuller, 1997). Types of benchmarking. There are four different types of benchmarking which consist of: internal. benchmarking, competitive benchmarking, functional or industry.
In developing a benchmarking program, managers review strategic business goals, collect data related to best practices and use data analysis to develop performance metrics and plan improvements. This process serves as the basis for effective employee goal-setting.