Trade secrets is generally explicated as a certain device, process, formula with some commercial worth that is known only to the business holder which is used to gain competitive advantage. Through this article the most pertinent threats and different issues related to corporate espionage are presented. In a nutshell, the rationale underlying espionage is to procure information about (an) organization(s) which may be used by the procurer for some commercial gain. Espionage manifests itself in various forms. Corporate espionage is most frequently linked with technology-driven sectors, in particular, the electronic and automobile industries. In some cases government agencies may also be victims of business espionage. (Willis, 1986)Ĭorporate espionage refers to activities like stealing of trade secrets, subornment, blackmail, and use of hi-tech surveillance. In particular, on the ethical front of information procurement, the line delineating line becomes even more indistinct and difficult to define. However, in reality, it is rather complicated to separate legal and illegal techniques. Theoretically the distinction amongst espionage and legal procurement of information is evident. The expression is different from legislative and ethical processes like reviewing corporate journals, web locations, patent filings, and other legally accessible means to assess the activities of a corporate organization which is usually known as competitive/corporate intelligence. Industrial or corporate espionage is spying activities carried out for commercial gains. Espionage is intrinsically secretive as the rightful information holder may alter arrangements or embark on other countermeasures once the information leakage is discovered. IntroductionĮspionage or intelligence gathering entails getting hold of information that is regarded as surreptitious or confidential without the consent of the information holder. This article looks at the issues related to corporate espionage and analyses them from the perspective of the operations of Volts Vagon. In the past few years, due to its technological innovativeness, Volkswagen has emerged as a potential target for corporate espionage in the Neighborhood Electric Vehicle industry. Alertness with regards to such techniques and formulation of a countering strategy are vital for every company to guard against corporate espionage. ![]() ![]() There exist various ways- ethical, unethical, legitimate or illegitimate- through which many corporations attempt to procure the trade secrets of their different competitors to gain a competitive edge. It refers to activities like stealing of trade secrets, subornment, blackmail, and use of hi-tech surveillance.
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